How big is the AI-as-a-Service Market?

The AI-as-a-Service Market size is expected to reach USD 15.09 billion in 2024 and grow at a CAGR of 36.78% to reach USD 72.22 billion by 2029. Read More

What is the current AI-as-a-Service Market size?

In 2024, the AI-as-a-Service Market size is expected to reach USD 15.09 billion. Read More

Who are the key players in AI-as-a-Service Market?

Microsoft Corporation, Google LLC, Amazon Web Services, Inc., IBM Corporation and BigML Inc are the major companies operating in the AI-as-a-Service Market. Read More

Which is the fastest growing region in AI-as-a-Service Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in AI-as-a-Service Market?

In 2024, the North America accounts for the largest market share in AI-as-a-Service Market. Read More

What years does this AI-as-a-Service Market cover, and what was the market size in 2023?

In 2023, the AI-as-a-Service Market size was estimated at USD 9.54 billion. The report covers the AI-as-a-Service Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the AI-as-a-Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Artificial Intelligence as a Service Market

Artificial Intelligence as a Service Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers AI As A Service Market Analysis and It is Segmented by Type of Cloud (public, Private, Hybrid), by Organization Size (small and Medium Enterprises, Large Enterprises), by End-User Industry (BFSI, Retail, Healthcare, IT and Telecommunications, Manufacturing, Energy), and by Geography (North America, Europe, Asia-Pacific, Latin America, The Middle East, and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Artificial Intelligence as a Service (AIaaS) Industry Overview

The artificial intelligence-as-a-service (AIaaS) market is highly fragmented, with the presence of major players like Microsoft Corporation, Google LLC, Amazon Web Services, Inc., IBM Corporation, and BigML Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.

In July 2022, IBM announced the acquisition of Databand.ai, a major provider of data observability software that assisted organizations in resolving data issues such as mistakes, pipeline failures, and low quality before they influenced their bottom line. The announcement expanded IBM's software portfolio across data, AI, and automation to cover the whole spectrum of observability. It assisted organizations in ensuring that trustworthy data was in the hands of the appropriate individuals at the right time.

In June 2022, Amazon launched "Code Whisperer,' a new service that used machine learning to generate code suggestions for software developers. It is the first addition to its cloud offering. This tool, currently in preview, is intended to help programmers write code faster and build training datasets for their artificial intelligence projects.