Global Artificial Intelligence Advisory Service Market Overview:
Artificial intelligence advisory service help companies to improve their businesses by offering deep market insights and automation through processes. The advisory services enhance overall human experiences thus, helps in better decision making. The various AI advisory services include strategy formulation, implementation, training and others. As focus towards automation grows, companies are proactively deploying AI services to meet their business needs.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Integration of Services with Machine Learning and Other Advanced Technologies and Incorporation of Chatboats and Predictive Analysis
Market Growth Drivers:
AI Ability to Offer Increased Efficiencies at Lower Cost and Growing Focus on Automation Across Industries
Challenges:
Lack of Awareness About AI Capabilities and Efficiencies and Issues Related with Privacy and Security of Data
Restraints:
Intricacy Involved in Its Deployment and Lack of AI Talents in Medium and Small Scale Industries
Opportunities:
Increasing Need for Intelligent Business Applications to Maximize, Growing Demand for AI Service Integrator and Rising Number of Start-ups in AI Market
Competitive Landscape:
Some of the key players profiled in the report are IBM [United States], SAP [Germany], Google [United States], Amazon [United States], Salesforce [United States], Intel [United States], Fair Isaac Corporation(FICO) [United States], SAS Institute [United States] and Deloitte [United States]. Additionally, following companies can also be profiled that are part of our coverage like Accenture [Ireland], Baidu [China], BigML [United States], Boston Consulting Group [United States] and Wildfire Interactive [United States]. Analyst at AMA Research see United States Players to retain maximum share of Global Artificial Intelligence Advisory Service market by 2028. Considering Market by Enterprise Size, the sub-segment i.e. Large Scale will boost the Artificial Intelligence Advisory Service market. Considering Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Artificial Intelligence Advisory Service market.
Latest Market Insights:
September 2019 -: Deloitte, the United States based multinational professional services network company acquired Magnetic Media Online, Inc.'s to strengthen its AI based services.
As per International Data Corporation (IDC) Worldwide Semiannual Cognitive Artificial Intelligence Systems Spending Guide of the United States, AI market is expected to cross over 50 billion USD by 2021. The company further predicts that by 2021, over 75% of enterprise will use AI. Retail sector will see significant deployment of expert shopping advisors while banking systems too will deploy program advisors.
What Can be Explored with the Artificial Intelligence Advisory Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Artificial Intelligence Advisory Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Artificial Intelligence Advisory Service
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Artificial Intelligence Advisory Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Artificial Intelligence Advisory Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes AI as a service software and platform providers, Venture capitalists and angel investors, Information Technology (IT) management directors/managers, Government organizations, Research organizations, Consultants/advisory firms, IT governance directors/managers, AI system integrators, Managed Service Providers (MSPs) and Value-Added Resellers (VARs).
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.