AI platform as a service is the same as the platform as a service and allows basic app development. However, these products differ by machine learning options. The AI as a platform market is positively influenced by growing investments for the development of AI and rapid advancements of technologies. Asia-Pacific region is expected to witness a substantial growth at a high CAGR owing to the rapidly developing regions such as India, and China. The companies operating in the market, such as AWS, Google, and Microsoft, are investing significantly on the development of advanced AI solutions.
MARKET DYNAMICS
Increasing volumes of data and the growing popularity of AI solutions are the major factors that are expected to drive the growth of the AI platform as a service market. However, data privacy concerns and slow digitization in several countries is acting as a major restraining factor in the market. The increasing demand for intelligent business application across various verticals is creating an opportunity for the companies operating in the AI platform as a service market to gain a strong market position and generate more revenues.
MARKET SCOPE
The "Global AI platform as a service Market Analysis to 2028" is a specialized and in-depth study of the AI platform as a service industry with a special focus on the global market trend analysis. The report aims to provide an overview of AI platform as a service market with detailed market segmentation by service type, application, end-use and geography. The global AI platform as a service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading AI platform as a service market players and offers key trends and opportunities in the AI platform as a service market.
MARKET SEGMENTATION
The global AI platform as a service market is segmented on the basis of service type, application, and end-use. On the basis of service type the market is segmented as managed, professional. On the basis of application the market is segmented as chatbots, speech recognition, text recognition, and others. Based on end-use the market is segmented as BFSI, manufacturing, research and academia, transportation, retail, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global AI platform as a service market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The AI platform as a service market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting AI platform as a service market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the AI platform as a service market in these regions.
MARKET PLAYERS
The reports cover key developments in the AI platform as a service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from AI platform as a service market are anticipated to lucrative growth opportunities in the future with the rising demand for AI platform as a service in the global market. Below mentioned is the list of few companies engaged in the AI platform as a service market.
The report also includes the profiles of key AI platform as a service companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Absolutdata
- Amazon Web Services, Inc.
- EdgeVerve Systems Limited (Infosys)
- Google LLC
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Qualcomm Technologies, Inc.
- Salesforce.com, Inc.
- SAP SE