NEW YORK, June 28, 2021 /PRNewswire/ —
Technavio forecasts the global artificial intelligence-as-a-service (AIaaS) market to grow by USD 14.70 billion during 2021-2025. The report offers a comprehensive analysis of the artificial intelligence-as-a-service (AIaaS) market including the impact of the COVID-19 pandemic on market vendors.
The artificial intelligence-as-a-service (AIaaS) market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
The continuing spread of the coronavirus pandemic is forcing organizations worldwide to flatten their recessionary curve by leveraging technology. Many businesses are going through response, recovery, and renewal phases. Building business resilience and enabling agility will help organizations to move forward in their journey out of the COVID-19 crisis towards the next normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Artificial Intelligence-as-a-Service (AIaaS) Market Participants:
Alphabet Inc.: The company offers AI Hub, AI building blocks, AI platform that empowers machine learning developers, data scientists, and data engineers to manage their projects from ideation to deployment.
Amazon.com Inc.: The company offers Amazon CodeGuru, Amazon Comprehend, Amazon Forecast, Amazon Translate, and others.
Apple Inc.: The company offers Core 3 AI services that seamlessly take advantage of the CPU, GPU, and neural engine to provide maximum performance and efficiency.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get a report snapshot here for the detailed market share analysis of market participants during COVID-19 lockdown:
Artificial Intelligence-as-a-Service (AIaaS) Market 2021-2025: Segmentation
Artificial intelligence-as-a-service (AIaaS) market is segmented as below:
- Retail And Healthcare
- Government And Defense
- North America
- South America
The artificial intelligence-as-a-service (AIaaS) market is driven by increasing investments in R&D by vendors. In addition, increasing integration of AIaaS with Blockchain and increasing investments in AIaaS by retail end-users are expected to trigger the artificial intelligence-as-a-service (AIaaS) market toward witnessing a CAGR of almost 41% during the forecast period.
Get more insights about the global trends impacting the future of artificial intelligence-as-a-service (AIaaS) market.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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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