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 into Artificial Intelligence-as-a-Service (AIaaS) solutions offers significant advantages for enterprises. This technology, which functions as a decentralized, distributed, and public digital ledger, can increase transparency and efficiency during the operational process. By integrating AI applications with blockchain, businesses can improve traceability, allow real-time tracking, enhance security, reduce fraud, automate data flow, decrease paperwork, and increase transparency during the movement of products. These benefits enable companies to collaborate with AIaaS providers to streamline processes, reduce human error, and lower operating costs, thereby fueling the growth of the global AIaaS market. 

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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, AIaaS 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 businesses delivering Computer Vision, Machine Learning (ML), Deep Learning (DL), Predictive Analytics, Sentiment Analysis, and Image Recognition solutions as cloud-based services. These advanced technologies enable businesses to automate complex processes, enhance customer experience, and derive valuable insights from data. The global IT software market, which includes application and systems software developers and producers, as well as database management software companies, serves as the super parent industry for AIaaS. According to Technavio's market analysis, the global system software market size is determined by the consolidated revenue generated from the provision of all types of systems software, including cloud-based AI solutions.. 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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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/