Home > Media & Technology > Next Generation Technologies > AI and Machine Learning > Artificial Intelligence as a Service Market

Artificial Intelligence as a Service Market Share

Report ID: GMI7372
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Artificial Intelligence as a Service Market Share

Major players operating in the artificial intelligence as a service industry are:

Amazon Web Services, Inc.
BigML, Inc.
Fair Isaac Corporation
Google LLC
IBM Corporation
Intel Corporation
Microsoft
Salesforce, Inc.
SAP SE
Siemens

Amazon Web Services, Inc. and Microsoft are dominating the artificial intelligence as a service business by holding over 10% share. Companies in this vertical are strengthening their presence through strategies like diversifying service offerings, forming strategic partnerships, investing in R&D for innovative solutions, and enhancing data security and compliance measures. These approaches help them expand their customer base and remain competitive in the rapidly evolving AIaaS market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for artificial intelligence as a service was valued at USD 9.7 billion in 2023 and is estimated to register over 33% CAGR between 2024 and 2032 driven by the escalating rollouts of industry-specific solutions.

The machine learning segment in the artificial intelligence as a service industry was over USD 3.3 billion in 2023 and will witness noteworthy expansion between 2024-2032 due to the ability of ML technology to process and analyze vast datasets, extract valuable insights, and improve decision-making processes.

North America artificial intelligence as a service industry share was over 32% in 2023 and will grow significantly through 2032 owing to the region’s robust ecosystem of tech innovation and investment, including Silicon Valley in the United States and the thriving Canadian AI scene.

Amazon Web Services, Inc., Salesforce, Inc., IBM Corporation, Intel Corporation, Microsoft, BigML, Inc., Google LLC, SAP SE, Siemens, and Fair Isaac Corporation.