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Artificial Intelligence Services Market Global Report 2020-30: Covid 19 Growth and Change

Starting Price : $ 4000.00 | Pages : 150 | Published : June 2020 | SKU CODE : 7536 | Format :


The artificial intelligence (AI) services market consists of sales of AI and related 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 global artificial intelligence services market is expected to decline from $0.85 billion in 2019 to $0.77 billion in 2020 at a compound annual growth rate (CAGR) of -9.46%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $1.97 billion in 2023 at a CAGR of 36.65%.

North America was the largest region in the artificial intelligence services market in 2019. Asia Pacific is expected to be the fastest-growing region in the forecast period.

The artificial intelligence services market covered in this report is segmented by technology into machine learning; computer vision; natural language processing (NLP); others and by end-user into banking, financial, and insurance (BFSI); it & telecom; retail; manufacturing; public sector; energy & utility; healthcare; others.

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 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 is 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 the society more vulnerable to cyber-attacks. It was expected that attacks occur on average once every 39 seconds and a single breach could cost as much as $150 million by 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. Between the years 2017 and 2018, there was a 126% increase in the overall number of documents stolen. 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.

The 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, Baidu Inc

The countries covered in the artificial intelligence services market global report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA

The global artificial intelligence services market is segmented : 1) By Technology: Machine Learning, Computer Vision, Natural Language Processing (NLP), Others. 2) By End-user: Banking, Financial, and Insurance (BFSI), IT & Telecom, Retail, Manufacturing, Public Sector, Energy & Utility, Healthcare, Others.

    1. Executive Summary

    2. Artificial Intelligence Services Market Characteristics

    3. Artificial Intelligence Services Market Size And Growth

    3.1. Global Artificial Intelligence Services Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Artificial Intelligence Services Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Artificial Intelligence Services Market Segmentation

    4.1. Global Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Machine Learning

    Computer Vision

    Natural Language Processing (NLP)

    Others

    4.2. Global Artificial Intelligence Services Market, Segmentation By End-user, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Banking, Financial, and Insurance (BFSI)

    IT & Telecom

    Retail

    Manufacturing

    Public Sector

    Energy & Utility

    Healthcare

    Others

    5. Artificial Intelligence Services Market Regional And Country Analysis

    5.1. Global Artificial Intelligence Services Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Artificial Intelligence Services Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Artificial Intelligence Services Market  

    6.1. Asia-Pacific Artificial Intelligence Services Market Overview  

    6.2. Asia-Pacific Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China Artificial Intelligence Services Market  

    7.1. China Artificial Intelligence Services Market Overview  

    7.2. China Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    8. India Artificial Intelligence Services Market  

    8.1. India Artificial Intelligence Services Market Overview  

    8.2. India Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan Artificial Intelligence Services Market  

    9.1. Japan Artificial Intelligence Services Market Overview  

    9.2. Japan Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Artificial Intelligence Services Market  

    10.1. Australia Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Artificial Intelligence Services Market  

    11.1. Indonesia Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Artificial Intelligence Services Market  

    12.1. South Korea Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe Artificial Intelligence Services Market  

    13.1. Western Europe Artificial Intelligence Services Market Overview

    13.2. Western Europe Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK Artificial Intelligence Services Market  

    14.1. UK Artificial Intelligence Services Market Overview

    14.2. UK Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Artificial Intelligence Services Market  

    15.1. Germany Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Artificial Intelligence Services Market  

    16.3. France Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe Artificial Intelligence Services Market  

    17.1. Eastern Europe Artificial Intelligence Services Market Overview

    17.2. Eastern Europe Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Artificial Intelligence Services Market  

    18.1. Russia Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America Artificial Intelligence Services Market  

    19.1. North America Artificial Intelligence Services Market Overview

    19.2. North America Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA Artificial Intelligence Services Market  

    20.1. USA Artificial Intelligence Services Market Overview

    20.2. USA Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America Artificial Intelligence Services Market  

    21.1. South America Artificial Intelligence Services Market Overview

    21.2. South America Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Artificial Intelligence Services Market  

    22.1. Brazil Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. Middle East Artificial Intelligence Services Market  

    23.1. Middle East Artificial Intelligence Services Market Overview

    23.2. Middle East Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa Artificial Intelligence Services Market  

    24.1. Africa Artificial Intelligence Services Market Overview

    24.2. Africa Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    25. Artificial Intelligence Services Market Competitive Landscape And Company Profiles

    25.1. Artificial Intelligence Services Market Competitive Landscape

    25.2. Artificial Intelligence Services Market Company Profiles

    25.2.1. Intel Corp.

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. International Business Machines Corp.

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Microsoft Corp.

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. SAP SE

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. SAS Institute Inc.

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

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

    27. Artificial Intelligence Services Market Trends And Strategies

    28. Artificial Intelligence Services Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Artificial Intelligence Services Market, Segmentation By End-user, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Artificial Intelligence Services Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Global Artificial Intelligence Services Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: Asia-Pacific, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: China, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: India, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: Japan, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Australia, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: Indonesia, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: South Korea, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: Western Europe, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: UK, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: Germany, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: France, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: Eastern Europe, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: Russia, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: North America, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: USA, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: South America, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: Brazil, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Middle East, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: Africa, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 26: Intel Corp. Financial Performance
  • Table 27: International Business Machines Corp. Financial Performance
  • Table 28: Microsoft Corp. Financial Performance
  • Table 29: SAP SE Financial Performance
  • Table 30: SAS Institute Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Artificial Intelligence Services Market, Segmentation By End-user, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Artificial Intelligence Services Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Global Artificial Intelligence Services Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: Asia-Pacific, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: China, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: India, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: Japan, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Australia, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: Indonesia, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: South Korea, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: Western Europe, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: UK, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: Germany, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: France, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: Eastern Europe, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: Russia, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: North America, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: USA, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: South America, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: Brazil, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Middle East, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: Africa, Artificial Intelligence Services Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 26: Intel Corp. Financial Performance
  • Figure 27: International Business Machines Corp. Financial Performance
  • Figure 28: Microsoft Corp. Financial Performance
  • Figure 29: SAP SE Financial Performance
  • Figure 30: SAS Institute Inc. Financial Performance
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