Artificial Intelligence Services Global Market Report 2022 – By Technology (Machine Learning, Computer Vision, Natural Language Processing (NLP)), By Services Type (Managed Services, Professional Services), By Software Tools (Web-based and Cloud Application Programming Interface, Processing and Modeler, Archiving and Data Storage), By Application Type ( Fraud Detection, Data Analytics & Visualization, Customer Service and Management, Rsik Management, Compliance & Security ), By End-user (Banking, Financial, and Insurance (BFSI), IT & Telecom, Retail, Manufacturing, Public Sector, Energy & Utility, Healthcare ) – Market Size, Trends, And Global Forecast 2022-2026

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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.

The main technology types of artificial intelligence services are machine learning, computer vision, natural language processing (NLP) and others. Machine learning is an artificial intelligence program that allows systems to automatically learn and improve from experience without being explicitly programmed. The various software tools used include web-based and cloud application programming interface, processing and modeler, archiving and data storage that are used to provide managed services and professional services. The services are used by different end users such as banking, financial, and insurance (BFSI), IT and telecom, retail, manufacturing, public sector, energy and utility, healthcare, among others.

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. Artificial intelligence (AI) as a service lets businesses experiment with AI for different activities without a high initial investment. Experimentation enables many cloud computing platforms to check different machine learning algorithms and helps streamline how data is analyzed and managed. Businesses are deeply interested in cloud-based machine learning, which lets them experiment through their services and help their clients make informed decisions based on the data. For instance, in March 2020, Google announced the beta launch of Cloud AI Platform Pipelines, which provides its customers with repeatable machine learning pipelines that can be installed easily and used for machine learning workflows securely. The integration of AI applications into its cloud draws more customers, thus enhancing artificial intelligence services market growth over the forecast period. Therefore, the rise in the adoption of cloud-based solutions is expected to drive the growth of the artificial intelligence services market.

The risks associated with data breaches and hacks are hampering the growth of the artificial intelligence services market. The World Economic Forum (WEF) has cautioned that new technologies such as the Internet of Things, artificial intelligence, and quantum computing can turn around human lives, but may also make society more vulnerable to cyber-attacks. It was stated that attacks occur on average once every 39 seconds and a single breach could cost as much as $150 million in 2020. Although companies and organizations are aware of these risks, breach activity still takes around six months to detect, and the long delays between original network breach and security responses allow hackers to take advantage of significant quantities of data. According to the State of the breach June 2020, about 16 billion records including credit card numbers, phone numbers, home addresses, and other sensitive information were exposed through data breaches since 2019. Therefore, the risks associated with data breaches and hacking hampers the growth of the artificial intelligence services market.

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. For instance, the Livox app, a customizable application in 25 languages helps the disabled to communicate.

In March 2019, McDonald's, a USA based foodservice retailer acquired Dynamic Yield for $300 million. Through this acquisition, McDonald’s plans to integrate the technology into other digital products, like self-serve kiosks and the McDonald’s mobile app. Dynamic Yield is an artificial intelligence company based in New York.

Major players in the artificial intelligence services market are 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.

Asia Pacific was the largest region in the artificial intelligence services market in 2021. North America was the second largest region in the artificial intelligence services market. The regions covered in the artificial intelligence market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the AI services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The global artificial intelligence services market is segmented -

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

2) By Services Type: Managed Services, Professional Services

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

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

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

    Table Of Contents

    1. Executive Summary

    2. Artificial Intelligence Services Market Characteristics

    3. Artificial Intelligence Services Market Trends And Strategies

    4. Impact Of COVID-19 On Artificial Intelligence Services

    5. Artificial Intelligence Services Market Size And Growth

    5.1. Global Artificial Intelligence Services Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Artificial Intelligence Services Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Artificial Intelligence Services Market Segmentation

    6.1. Global Artificial Intelligence Services Market, Segmentation  By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Machine Learning

    Computer Vision

    Natural Language Processing (NLP)

    Others

    6.2. Global Artificial Intelligence Services Market, Segmentation  By Services Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Managed Services

    Professional Services

    6.3. Global Artificial Intelligence Services Market, Segmentation  By Software Tools, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Web-based and Cloud Application Programming Interface

    Processing and Modeler

    Archiving and Data Storage

    6.4. Global Artificial Intelligence Services Market, Segmentation  By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Fraud Detection

    Data Analytics & Visualization

    Customer Service and Management

    Risk Management

    Compliance & Security

    6.5. Global Artificial Intelligence Services Market, Segmentation  By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

     Banking, Financial, and Insurance (BFSI)

    IT & Telecom

    Retail

    Manufacturing

    Public Sector

    Energy & Utility

    Healthcare

    Others

    7. Artificial Intelligence Services Market Regional And Country Analysis

    7.1. Global Artificial Intelligence Services Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Artificial Intelligence Services Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Artificial Intelligence Services Market  

    8.1. Asia-Pacific Artificial Intelligence Services Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Artificial Intelligence Services Market  

    9.1. China Artificial Intelligence Services Market Overview  

    9.2. China Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Artificial Intelligence Services Market  

    10.1. India Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Artificial Intelligence Services Market  

    11.1. Japan Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Artificial Intelligence Services Market  

    12.1. Australia Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Artificial Intelligence Services Market  

    13.1. Indonesia Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Artificial Intelligence Services Market  

    14.1. South Korea Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Artificial Intelligence Services Market  

    15.1. Western Europe Artificial Intelligence Services Market Overview

    15.2. Western Europe Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Artificial Intelligence Services Market  

    16.1. UK Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Artificial Intelligence Services Market  

    17.1. Germany Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Artificial Intelligence Services Market  

    18.3. France Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Artificial Intelligence Services Market  

    19.1. Eastern Europe Artificial Intelligence Services Market Overview

    19.2. Eastern Europe Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Artificial Intelligence Services Market  

    20.1. Russia Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Artificial Intelligence Services Market  

    21.1. North America Artificial Intelligence Services Market Overview

    21.2. North America Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Artificial Intelligence Services Market  

    22.1. USA Artificial Intelligence Services Market Overview

    22.2. USA Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Artificial Intelligence Services Market  

    23.1. South America Artificial Intelligence Services Market Overview

    23.2. South America Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Artificial Intelligence Services Market  

    24.1. Brazil Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Artificial Intelligence Services Market  

    25.1. Middle East Artificial Intelligence Services Market Overview

    25.2. Middle East Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Artificial Intelligence Services Market  

    26.1. Africa Artificial Intelligence Services Market Overview

    26.2. Africa Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Artificial Intelligence Services Market Competitive Landscape And Company Profiles

    27.1. Artificial Intelligence Services Market Competitive Landscape

    27.2. Artificial Intelligence Services Market Company Profiles

    27.2.1. Intel Corp.

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. International Business Machines Corp.

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Microsoft Corp.

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. SAP SE

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. SAS Institute Inc.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Artificial Intelligence Services Market

    29. Artificial Intelligence Services Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Artificial Intelligence Services Market, Segmentation  By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Artificial Intelligence Services Market, Segmentation  By Services Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Artificial Intelligence Services Market, Segmentation  By Software Tools, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Artificial Intelligence Services Market, Segmentation  By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Artificial Intelligence Services Market, Segmentation  By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global Artificial Intelligence Services Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Global Artificial Intelligence Services Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: Asia-Pacific, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: India, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Japan, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Australia, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Indonesia, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: South Korea, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Western Europe, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: UK, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Germany, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: France, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: Eastern Europe, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: Russia, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: North America, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: USA, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: South America, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Brazil, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Middle East, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: Africa, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: Intel Corp. Financial Performance
  • Table 30: International Business Machines Corp. Financial Performance
  • Table 31: Microsoft Corp. Financial Performance
  • Table 32: SAP SE Financial Performance
  • Table 33: SAS Institute Inc. Financial Performance

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