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AI as a Service Market Share

Report ID: GMI5714
Published Date: May 2023
Report Format: PDF

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AI as a Service Market Share

Some major players operating in the AI as a Service market are :

Alibaba.Com
Alphabet Inc. (Google LLC)
Amazon Web Services, Inc.
Baidu
CognitiveScale, Inc.
Craft.AI
DATAIKU SAS
IBM Corporation
Intel Corporation
Microsoft Corporation
Oracle Corporation
Salesforce.com Inc
SAP SE.

These companies are implementing both organic and inorganic growth strategies with a major focus on strategic partnerships, new product launches, and mergers & acquisitions for market expansion and product innovations. These companies are heavily investing in research to introduce innovative products and garner maximum revenue in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The AI as a service industry size was worth USD 6.4 billion in 2022 and is set to register 25% CAGR between 2023 and 2032.

The SMEs segment will record over 30% CAGR from 2023 to 2032, due to the growing digitalization and adoption of AI solutions by SMEs for enhancing their business operations.

The U.S. market size exceeded USD 1.2 billion in 2022 and will expand at a significant pace from 2023-2032, attributed to the abundance of large enterprises and the IT infrastructure.

Alibaba.Com, Alphabet Inc. (Google LLC), Amazon Web Services, Inc., Baidu, CognitiveScale, Inc., Craft.AI, DATAIKU SAS, IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, Salesforce.com Inc., and SAP SE.