About AI In Platform As A Service
AI In Platform As A Service refers to the third-party offering of artificial intelligence outsourcing. This allows the company to get the advantage of AI without spending lots of money. AI In Platform As A Service helps empower the sampling of multiple public cloud platforms to test different machine learning algorithms. The rise in the adoption of cloud-based solutions and technological advancement for workflow optimization is driving the demand for Artificial Intelligence in platform as a Service.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key market players are adopting various strategies such as product launch and product innovation, to expand their existing product portfolio and maintain competitiveness in the rapidly growing AI marketspace. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global AI In Platform As A Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Google (United States), Amazon Web Services (United States), Microsoft (United States), Salesforce (United States), FICO (United States), SAS Institute (United States), Intel (United States), SAP (Germany) and H2o.AI (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Absolutdata (United States), Vital AI (United States), Rainbird Technologies (United Kingdom) and Craft.AI (France).
Segmentation Overview
AMA Research has segmented the market of Global AI In Platform As A Service market by , Application (BFSI, Healthcare and Life Sciences, Retail, Telecommunications, Government and defense, Manufacturing, Energy and Others) and Region.
On the basis of geography, the market of AI In Platform As A Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Cloud will boost the AI In Platform As A Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Machine Learning & Deep Learning will boost the AI In Platform As A Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise, the sub-segment i.e. SMEs will boost the AI In Platform As A Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Advanced Robotic Technology and Introduction of IOT Based Technology
Market Growth Drivers:
Expenditure on Artificial Intelligence and Technological Advancement for Workflow Optimization and Increasing Demand for Enhancing Consumer Experience
Challenges:
Lack of Skilled Professionals
Restraints:
Risks Associated with Data Breaches And Hacks and Interoperability Issues
Opportunities:
Increased Application Areas and Growth in Demand for AI
Market Leaders and their expansionary development strategies
In March 2019, Bengaluru based EdTech company, CarveNiche Technologies entered into a strategic partnership with Microsoft for its customizable Math learning solution. The program titled- beGalileo, allows students from class 1 to 10 to learn maths using Artificial Intelligence. With the hosting on the Microsoft Azure cloud, the solution will now be easily accessible to students and schools, on any device, from anywhere around the globe. In March 2019, McDonald announced the acquisition of Dynamic Yield, an artificial intelligence company based in New York and Tel Aviv, for USD 300 million. The acquisition will give Mcdonald's data on what purchases are most popular with consumers, and help it design solutions for a more customized experience.
In April 2019, Google launches an end-to-end AI platform. The highlight announced is the beta launch of the company’s AI Platform. The idea here is to offer developers and data scientists an end-to-end service for building, testing, and deploying their own models. One of these new features is Auto ML Tables, which takes existing tabular data that may sit in Google’s Big Query database or in a storage service and automatically creates a model that will predict the value of a given column
Key Target Audience
Technology Investors, Cloud Vendors, Managed Service Providers, Data Quality Service Providers, System Integrators, Data Integration Service Providers, Application Design & Development Service Providers, Training & Education Service Providers, Research/Consultancy firms, Consulting Firms/ Advisory Firms, Government Bodies and Third-party vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.