The Global Artificial Intelligence Services Market Report by The Business Research Company covers artificial intelligence services market drivers and restraints, artificial intelligence services market size, major players, and the impact of COVID-19 on the artificial intelligence services market.
The artificial intelligence (AI) services market consists of sales of AI services that are used in telecommunications, government, retail, defense and healthcare. Companies in the artificial intelligence market provide outsourced services to cater to business requirements. AI as a service enables individuals and businesses to use AI for different purposes, without significant initial investment and with lower risk.
The rise in the adoption of cloud-based solutions is a key factor driving the growth of the artificial intelligence services market. The global artificial intelligence services market is expected grow from $0.77 billion in 2020 to $0.96 billion in 2021 at a compound annual growth rate (CAGR) of 24.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.39 billion in 2025 at a CAGR of 37%.
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Some artificial intelligence services market trends include the use of artificial intelligence as a service for human interaction with machines using natural language processing (NLP) is a key trend shaping the artificial intelligence services market.
Global artificial intelligence services market segments include:
1) By Technology: Machine Learning, Computer Vision, Natural Language Processing (NLP), Others.
2) By End-User: Banking, Financial, and Insurance (BFSI), IT & Telecom, Retail, Manufacturing, Public Sector, Energy & Utility, Healthcare, Others.
3) By Services Type: Managed Services, Professional Services.
4) By Software Tools: Web-based and Cloud Application Programming Interface, Processing and Modeler, Archiving and Data Storage.
5) By Organization Type: Small and Medium-Sized Enterprises, Large Enterprise.
6) By Deployment Mode: On-Premise, Cloud.
7) By Application Type: Fraud Detection, Data Analytics & Visualization, Customer Service and Management, Risk Management, Compliance & Security.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Artificial Intelligence Services Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides artificial intelligence services market overviews, analyzes and forecasts market size, share, artificial intelligence services market players, artificial intelligence services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The AI services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Artificial Intelligence Services Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Intel Corp., International Business Machines Corp., Microsoft Corp., SAP SE, SAS Institute Inc., Amazon.com Inc., Salesforce, Google LLC, Oracle Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Artificial Intelligence Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Artificial Intelligence Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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