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AI Studio Market Share

Report ID: GMI9788
Published Date: Jun 2024
Report Format: PDF

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AI Studio Market Share

Google and Microsoft dominate the AI studio industry with over 13% of the market share. These companies recognize the critical role that AI facilities play in advancing artificial intelligence solutions. By forming dedicated studios, they create centralized spaces for AI development, testing, and collaboration. These efforts facilitate innovation, enabling companies to take full advantage of cutting-edge AI technologies.

Additionally, companies are investing in AI studios to recruit key talent and foster a culture of innovation within their organizations. As a result, the demand for AI studios is driven by companies’ commitment to harness the power of AI and drive change in industries.

AI Studio Market Companies

Major companies operating in the AI studio industry are:

Altair
Alteryx
AWS
DataRobots, Inc.
Goolge
H2O.ai
IBM
Icertis
Microsoft
salesforce
TEAM International

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of AI studio reached USD 6.6 billion in 2023 and is set to witness 30% CAGR from 2024 to 2032, due to the expanding local presence of leading companies in these studios.

The solution component segment in the AI studio industry is projected to reach over USD 42 billion by 2032, as they act as a critical hub for combining various solution components including data processing, model development, testing, and deployment to create an integrated AI solution.

The cloud deployment model segment in the AI studio market recorded USD 2.4 billion revenue in 2023, as they provide scalability, flexibility, and accessibility, making it an ideal infrastructure for AI development and deployment.

North America market accounted for over 35% share in 2023, owing to the presence of thriving technology ecosystem, dominated by leading AI research institutes, tech giants, and innovative start-ups.