Global Artificial Intelligence (AI) Platform Service Market, By Component (Tools and Services), Tools (NLP and ML), Solution (Hardware, Software and Services), Service (Managed and Professional), Deployment Mode (Cloud and On-premises), Technology (Deep Learning, Machine Learning, Natural Language Processing (NLP) and Machine Vision), Application (Forecasts and Prescriptive Models, Chatbots, Speech Recognition, Text Recognition and Others), End User (Manufacturing, Healthcare, BFSI, Research and Academia, Transportation, Retail and ECommerce and Others), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Artificial Intelligence (AI) Platform Service Market
The artificial intelligence (AI) platform service market is expected to witness market growth at a rate of 31% in the forecast period of 2021 to 2028 and is estimated to reach USD 10 billion by 2028. Data Bridge Market Research report on artificial intelligence (AI) platform service market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The constant research and innovation directed by the tech giants is escalating the growth of artificial intelligence (AI) platform service market.
The artificial intelligence (AI) services involve the sales of AI services that are utilized in the government, telecommunications, defense, retail and healthcare. The companies in the artificial intelligence offer outsourced services to cater to business needs.
Major factors that are expected to boost the growth of the artificial intelligence (AI) platform service market in the forecast period are the rise in the need for AI-based solutions. Furthermore, the increase in the data generation is further anticipated to propel the growth of the artificial intelligence (AI) platform service market. On the other hand, the decrease in the digitization rate in the advancing countries is further projected to impede the growth of the artificial intelligence (AI) platform service market in the timeline period.
In addition, the rise in the need for the intelligent business developments and the increase in the innovations across end users will further provide potential opportunities for the growth of the artificial intelligence (AI) platform service market in the coming years. However, the dearth of trained workers and the concerns regarding the data privacy might further challenge the growth of the artificial intelligence (AI) platform service market in the near future.
This artificial intelligence (AI) platform service market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on artificial intelligence (AI) platform service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Artificial Intelligence (AI) Platform Service Market Scope and Market Size
The artificial intelligence (AI) platform service market is segmented on the basis of component, tools, solution, service, deployment mode, technology, application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the artificial intelligence (AI) platform service market is segmented into tools and services.
- On the basis of tools, the artificial intelligence (AI) platform service market is segmented into NLP and ML.
- On the basis of solution, the artificial intelligence (AI) platform service market is segmented into hardware, software and services.
- On the basis of service, the artificial intelligence (AI) platform service market is segmented into managed and professional.
- On the basis of deployment mode, the artificial intelligence (AI) platform service market is segmented into cloud and on-premises.
- On the basis of technology, the artificial intelligence (AI) platform service market is segmented into deep learning, machine learning, natural language processing (NLP) and machine vision.
- On the basis of application, the artificial intelligence (AI) platform service market is segmented into forecasts and prescriptive models, chatbots, speech recognition, text recognition and others. Others is further sub segmented into face detection and sentiment analysis.
- On the basis of end user, the artificial intelligence (AI) platform service market is segmented into manufacturing, healthcare, BFSI, research and academia, transportation, retail and ecommerce and others. Others are further sub segmented into oil and gas, and advertising.
Artificial Intelligence (AI) Platform Service Market Country Level Analysis
The artificial intelligence (AI) platform service market is analysed and market size, volume information is provided by country, component, tools, solution, service, deployment mode, technology, application and end user as referenced above.
The countries covered in the artificial intelligence (AI) platform service market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the artificial intelligence (AI) platform service market due to the rise in the acceptance of artificial intelligence (AI) across several industries. Furthermore, the Federal agencies have adopted the public trust in AI-based systems by creating the guidelines for its advancement and real-life application across various forms of industrial sectors which will further boost the growth of the artificial intelligence (AI) platform service market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the artificial intelligence (AI) platform service market due to the rise in the investments in artificial intelligence. Moreover, the increase in the number of AI start-ups is further anticipated to propel the growth of the artificial intelligence (AI) platform service market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Artificial Intelligence (AI) Platform Service Market Share Analysis
The artificial intelligence (AI) platform service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to artificial intelligence (AI) platform service market.
The major players covered in the artificial intelligence (AI) platform service market report are Microsoft Corporation, Google LLC, Salesforce.com, inc., IBM, Amazon Web Services, Inc., Intel corporation, Ayasdi AI LLC, Hewlett Packard Enterprise Development LP, Qualcomm technologies, inc., Absolutdata., General vision, inc., Enlitic, inc., NEXT IT CORPORATION, icarbonX, Apple, inc., Facebook, inc., Siemens, General Electric Company, Micro Technology, inc., SAMSUNG, NVIDIA Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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