GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET 2019-2027

MARKET OUTLOOK
Artificial intelligence or AI refers to a branch of computer science that enables computers or machines to function with the efficacy of humans. AI enables the machines to think and act like humans. An AI-developed model can perform tasks such as visual perception, speech recognition and decision-making, among others.
Artificial Intelligence as a Software is a better and cost-effective alternative for companies that required expertize or funds to develop its own artificial intelligence software. The cloud technology can help AIs by providing the required information for the learning processes while the AI can help cloud by providing information that can offer more data. Thus, cloud computing and artificial intelligence complement each other’s strengths. Hence, the increase in the adoption of cloud computing technology along with the usage of social media platforms, has been driving the growth of the market.
Lack of awareness about the functioning of AI systems, coupled with the shortage of professionals working in the AI industry, impede the growth of the market. With analytical solutions that show growing trends, growing application areas and uncharted markets for growth, the AIaaS market has been presented with several opportunities for growth. However, issues of data breach & identity theft and lack of computing power are some of the major challenges faced by the Artificial Intelligence as a Service market.
REGIONAL OUTLOOK
The regions that have been studied in the report include North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. The Asia-Pacific region is the fastest growing region in the AIaaS market, and boasts of the highest CAGR. Japan, one of the most important countries of the APAC region, is the fastest evolving country in this market. The North America region held the maximum market share for the global market for Artificial Intelligence as a Service in the year 2018.

COMPETITIVE OUTLOOK
Yottamine Analytics, International Business Machines, DataRobot Inc., H2O.ai, CognitiveScale, Inc., Fuzzy.ai, Apple, Inc., Salesforce.com, Inc., SAS, BigML, Microsoft Corporation, Alphabet, Inc. (Google LLC), Vital AI, Absolutdata, SAP SE, Centurysoft, Amazon.com, Inc. (Amazon Web Services, Inc.), Fair Isaac Corporation and Intel.
Centurysoft is an IT services company based in New York. The company provides solutions in three main segments: Artificial Intelligence, analytics and Big Data. The company’s product portfolio includes products for Machine Learning, Natural Language Processing, Digital Virtual Agents (Chatbot), Knowledge Virtualization, Decision Management and Predictive Analytics. In October 2018, Centurysoft partnered with Channelmark, a smart consultant and capital Investment Company for developing an AI-enabled CRM ‘Inteladesk’.

TABLE OF CONTENT
1. ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. IT & TELECOM IS THE LARGEST SEGMENT BY INDUSTRY VERTICALS
2.2.2. AI CAUSING DISRUPTIONS IN VARIOUS INDUSTRIES
2.2.3. HARDWARE ARCHITECTURE PLAYS A CRUCIAL ROLE FOR CLOUD COMPUTING
2.3. EVOLUTION & TRANSITION OF ARTIFICIAL INTELLIGENCE AS A SERVICE
2.4. PORTER’S FIVE FORCES MODEL
2.4.1. THREAT OF NEW ENTRANTS
2.4.2. THREAT OF SUBSTITUTE
2.4.3. BARGAINING POWER OF SUPPLIERS
2.4.4. BARGAINING POWER OF BUYERS
2.4.5. INTENSITY OF COMPETITIVE RIVALRY
2.5. MARKET ATTRACTIVENESS INDEX
2.6. VENDOR SCORECARD
2.7. MARKET DRIVERS
2.7.1. COST AND TECHNOLOGICAL ADVANTAGES OF AIAAS
2.7.2. RISING CLOUD COMPUTING MARKET
2.8. MARKET RESTRAINTS
2.8.1. LACK OF AWARENESS
2.8.2. AI INTELLIGENCE PROFESSIONAL SHORTAGE
2.9. MARKET OPPORTUNITIES
2.9.1. UNCHARTED MARKETS FOR ARTIFICIAL INTELLIGENCE
2.9.2. ANALYTICAL SOLUTIONS SHOW GROWING TRENDS
2.9.3. GROWING APPLICATION AREAS
2.10. MARKET CHALLENGES
2.10.1. DATA PRIVACY ISSUES
2.10.2. LACK OF COMPUTING POWER
3. ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET OUTLOOK - BY INDUSTRY VERTICALS
3.1. BFSI
3.2. IT & TELECOM
3.3. RETAIL
3.4. MANUFACTURING
3.5. PUBLIC SECTOR
3.6. ENERGY UTILITIES
3.7. HEALTHCARE
3.8. OTHERS
4. ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET OUTLOOK - BY TECHNOLOGY
4.1. MACHINE LEARNING
4.2. COMPUTER VISION
4.3. NATURAL LANGUAGE PROCESSING
4.4. OTHER
5. ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET OUTLOOK - BY ORGANIZATION SIZE
5.1. SMALL & MEDIUM ENTERPRISE
5.2. LARGE ENTERPRISE
6. ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET - REGIONAL OUTLOOK
6.1. NORTH AMERICA
6.1.1. MARKET BY TECHNOLOGY
6.1.2. MARKET BY ORGANIZATION SIZE
6.1.3. MARKET BY INDUSTRY VERTICALS
6.1.4. COUNTRY ANALYSIS
6.1.4.1. UNITED STATES
6.1.4.2. CANADA
6.2. EUROPE
6.2.1. MARKET BY TECHNOLOGY
6.2.2. MARKET BY ORGANIZATION SIZE
6.2.3. MARKET BY INDUSTRY VERTICALS
6.2.4. COUNTRY ANALYSIS
6.2.4.1. UNITED KINGDOM
6.2.4.2. GERMANY
6.2.4.3. FRANCE
6.2.4.4. SPAIN
6.2.4.5. ITALY
6.2.4.6. RUSSIA
6.2.4.7. REST OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET BY TECHNOLOGY
6.3.2. MARKET BY ORGANIZATION SIZE
6.3.3. MARKET BY INDUSTRY VERTICALS
6.3.4. COUNTRY ANALYSIS
6.3.4.1. CHINA
6.3.4.2. JAPAN
6.3.4.3. INDIA
6.3.4.4. SOUTH KOREA
6.3.4.5. ASEAN COUNTRIES
6.3.4.6. AUSTRALIA & NEW ZEALAND
6.3.4.7. REST OF ASIA-PACIFIC
6.4. LATIN AMERICA
6.4.1. MARKET BY TECHNOLOGY
6.4.2. MARKET BY ORGANIZATION SIZE
6.4.3. MARKET BY INDUSTRY VERTICALS
6.4.4. COUNTRY ANALYSIS
6.4.4.1. BRAZIL
6.4.4.2. MEXICO
6.4.4.3. REST OF LATIN AMERICA
6.5. MIDDLE EAST & AFRICA
6.5.1. MARKET BY TECHNOLOGY
6.5.2. MARKET BY ORGANIZATION SIZE
6.5.3. MARKET BY INDUSTRY VERTICALS
6.5.4. COUNTRY ANALYSIS
6.5.4.1. UNITED ARAB EMIRATES
6.5.4.2. TURKEY
6.5.4.3. SAUDI ARABIA
6.5.4.4. SOUTH AFRICA
6.5.4.5. REST OF MIDDLE EAST & AFRICA
7. COMPETITIVE LANDSCAPE
7.1. ABSOLUTDATA
7.2. ALPHABET, INC. (GOOGLE LLC)
7.3. AMAZON.COM, INC. (AMAZON WEB SERVICES, INC.)
7.4. APPLE, INC.
7.5. BIGML
7.6. CENTURYSOFT
7.7. COGNITIVESCALE, INC.
7.8. DATAROBOT, INC.
7.9. FAIR ISAAC CORPORATION
7.10. FUZZY.AI
7.11. H2O.AI
7.12. INTEL
7.13. INTERNATIONAL BUSINESS MACHINES
7.14. MICROSOFT CORPORATION
7.15. SALESFORCE.COM, INC.
7.16. SAP SE
7.17. SAS
7.18. VITAL AI
7.19. YOTTAMINE ANALYTICS
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.1.1. OBJECTIVES OF STUDY
8.2. SOURCES OF DATA
8.2.1. PRIMARY DATA SOURCES
8.2.2. SECONDARY DATA SOURCES
8.3. RESEARCH METHODOLOGY
8.3.1. EVALUATION OF PROPOSED MARKET
8.3.2. IDENTIFICATION OF DATA SOURCES
8.3.3. ASSESSMENT OF MARKET DETERMINANTS
8.3.4. DATA COLLECTION
8.3.5. DATA VALIDATION & ANALYSIS




LIST OF TABLES
TABLE 1: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)
TABLE 4: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 5: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 6: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)
TABLE 7: NORTH AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 8: NORTH AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 9: NORTH AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 10: NORTH AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)
TABLE 11: EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 12: EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 13: EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 14: EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)
TABLE 19: LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
TABLE 20: LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 21: LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 22: LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)
TABLE 23: MIDDLE EAST & AFRICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
TABLE 24: MIDDLE EAST & AFRICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 25: MIDDLE EAST & AFRICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 26: MIDDLE EAST & AFRICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)


LIST OF FIGURES
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY BFSI, 2019-2027 (IN $ MILLION)
FIGURE 3: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY IT & TELECOM, 2019-2027 (IN $ MILLION)
FIGURE 4: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)
FIGURE 5: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)
FIGURE 6: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY PUBLIC SECTOR, 2019-2027 (IN $ MILLION)
FIGURE 7: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY ENERGY UTILITIES, 2019-2027 (IN $ MILLION)
FIGURE 8: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)
FIGURE 9: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 10: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY MACHINE LEARNING, 2019-2027 (IN $ MILLION)
FIGURE 11: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY COMPUTER VISION, 2019-2027 (IN $ MILLION)
FIGURE 12: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY NATURAL LANGUAGE PROCESSING, 2019-2027 (IN $ MILLION)
FIGURE 13: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY OTHER, 2019-2027 (IN $ MILLION)
FIGURE 14: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY SMALL & MEDIUM ENTERPRISE, 2019-2027 (IN $ MILLION)
FIGURE 15: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY LARGE ENTERPRISE, 2019-2027 (IN $ MILLION)
FIGURE 16: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 17: UNITED STATES ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 18: CANADA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 19: UNITED KINGDOM ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 20: GERMANY ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 21: FRANCE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 22: SPAIN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 23: ITALY ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 24: RUSSIA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 25: REST OF EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 26: CHINA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 27: JAPAN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 28: INDIA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 29: SOUTH KOREA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 30: ASEAN COUNTRIES ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 31: AUSTRALIA & NEW ZEALAND ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 32: REST OF ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 33: LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 34: BRAZIL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 35: MEXICO ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 36: REST OF LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 37: MIDDLE EAST & AFRICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 38: UNITED ARAB EMIRATES ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 39: TURKEY ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 40: SAUDI ARABIA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 41: SOUTH AFRICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 42: REST OF MIDDLE EAST & AFRICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)