Learn about the global artificial intelligence services market through The Business Research Company, which provides information on artificial intelligence services market size, artificial intelligence services market drivers and restraints, artificial intelligence services market players, the COVID-19 impact on the artificial intelligence services market, and more.

The global artificial intelligence services market size is expected grow from $8.24 billion in 2021 to $12.39 billion in 2022 at a compound annual growth rate (CAGR) of 50.4%. The growth in the market 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 AI services market is expected to reach $58.93 billion in 2026 at a CAGR of 47.7%.

The rise in the adoption of cloud-based solutions is a key factor driving the growth of the artificial intelligence services market.

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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.

Global Artificial Intelligence Services Market Segments Include:

By Technology: Machine Learning, Computer Vision, Natural Language Processing (NLP), Others

By Services Type: Managed Services, Professional Services

By Software Tool: Web-Based and Cloud Application Programming Interface, Processing and Modeler, Archiving and Data Storage

By Application Type: Fraud Detection, Data Analytics and Visualization, Customer Service and Management, Risk Management, Compliance and Security

By End-User: Banking, Financial, and Insurance (BFSI), IT and Telecom, Retail, Manufacturing, Public Sector, Energy and Utility, Healthcare, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the artificial intelligence services market in 2021.

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. Natural language processing (NLP) is a type of artificial intelligence that explains how human language and computers interact. Machine translation is an enormous technology for NLP that enables us to overcome challenges to contact with people from all over the world and to understand software manuals and catalogs written in a foreign language.

TBRC’s artificial intelligence services market report covers:

Major Market Players: Intel Corp., International Business Machines Corp., Microsoft Corp., SAP SE, SAS Institute Inc., Amazon.com Inc., Salesforce, Google LLC, Oracle Corporation, Fair Isaac Corporation, Alphabet Inc., Apple Inc., CognitiveScale, Inc., Baidu, Inc, BigML, H2O.ai and Baidu Inc.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Artificial Intelligence Services Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

TBRC’s artificial intelligence services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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