Latest News- Artificial Intelligence-As-A-Service (AIaaS) Market: Retail and healthcare is expected to lead the End-user segment during 2025-2029

The Artificial Intelligence-As-A-Service (AIaaS) Market is being driven by Increasing investment in research and development

The Artificial Intelligence-As-A-Service (AIaaS) Market is expected to grow at a CAGR of 42.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 60237.9 million. Incorporating blockchain technology with Artificial Intelligence-as-a-Service (AIaaS) offers significant benefits for enterprises. This decentralized, distributed, and public digital ledger enhances transparency and efficiency by managing decentralized records, reducing human error, and operating costs. Integration of AI applications with blockchain technology also provides real-time tracking, increased security, fraud reduction, automated data flow, reduced paperwork, and increased transparency during product movement. These advantages enable businesses to collaborate with market players, streamlining operations and boosting the global AIaaS market growth during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Retail and healthcare
  • BFSI
  • Telecommunication
  • Government and defense
  • Others
• Type
  • Software
  • Services
• Deployment
  • Public cloud
  • Private cloud
  • Hybrid cloud
• Source
  • Large enterprises
  • SMEs
• Technology
  • Machine learning
  • Natural language processing
  • Computer vision
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing investment in research and development
• Cloud-based solutions
• Increasing adoption of AI in predictive analysis

However, the market also witnesses some limitations, which are as follows:

• Data privacy issues
• Company lock-in issues in AI platforms
• Need for regulatory compliance

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Market Scope in Artificial Intelligence-As-A-Service (AIaaS) Market Research Report

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Research Analysis Overview

The Artificial Intelligence-as-a-Service (AIaaS) market encompasses various advanced machine learning techniques such as Neural Networks, Reinforcement Learning, Unsupervised Learning, Supervised Learning, Semi-supervised Learning, Transfer Learning, Federated Learning, Active Learning, Ensemble Learning, and Model Explainability. Additionally, it offers solutions for Bias Mitigation, Data Augmentation, Feature Engineering, Model Optimization, Model Evaluation, A/B Testing, Hyperparameter Tuning, Data Pipelines, Data Warehousing, Data Lakes, Data Governance Frameworks, Data Security Standards, Data Privacy Regulations, AI Governance, AI Regulation, AI Transparency, AI Accountability, AI Risk Assessment, and AI Auditing.

Market Research Overview

The Artificial Intelligence-as-a-Service (AIaaS) market is a significant segment within the expansive IT software industry. This market encompasses companies providing Computer Vision, Machine Learning (ML), Deep Learning (DL), Predictive Analytics, Sentiment Analysis, and Image Recognition solutions as business services. These advanced technologies offerings fall under the application software category within the global system software market. The market size is determined by the consolidated revenue of organizations delivering all types of systems software, including cloud-based solutions, which contribute to the overall IT software market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/