Growing Adoption of Cloud-Based Solutions will drive the market growth during the forecast period
The artificial intelligence-as-a-service market is expected to register a CAGR of over 48% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024 (Graphic: Business Wire)
Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on artificial intelligence-as-a-service market. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.
Due to the extensive spread of the virus across the globe, the Information Technology industry is anticipated to have a Mixed impact. The artificial intelligence-as-a-service market will showcase Positive impact during 2020-2024.
Artificial intelligence-as-a-service market 2020-2024: Segmentation
Artificial intelligence-as-a-service market is segmented as below:
Retail and Healthcare
Government and Defense
North America was the largest artificial intelligence-as-a-service market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The high adoption of cloud, AI, ML, and big data analysis to draw business insights, the growing popularity of cloud computing services, and the high integration of AI with big data and IoT for real-time predictions will significantly influence artificial intelligence-as-a-service market growth in this region.
The Information Technology market is anticipated to have Direct impact and the artificial intelligence-as-a-service market demand will show At Par growth. View market snapshot before purchasing
Increasing adoption of AI in predictive analysis has been an instrumental factor in influencing the growth of artificial intelligence-as-a-service market. Other market drivers include increasing investment in R&D and cloud-based solutions. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
Key Considerations for Market Forecast:
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, base case and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID 19 market estimates
Quarterly impact analysis as the spread reaches a global level and updates on market estimates
Get more insights on the global trends impacting the future of the artificial intelligence-as-a-service market, Request Free Sample - https://www.technavio.com/talk-to-us?report=IRTNTR41175
Artificial intelligence-as-a-service market 2020-2024: Vendor Analysis
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include Alphabet Inc., Amazon.com Inc., Apple Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, and SAS Institute Inc.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by End-user placement
Retail and healthcare - Market size and forecast 2019-2024
BFSI - Market size and forecast 2019-2024
Telecommunications - Market size and forecast 2019-2024
Government and defense - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by End-user
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market positioning of vendors
International Business Machines Corp.
SAS Institute Inc.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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