The North America AI as a Service Market would witness market growth of 40.5% CAGR during the forecast period (2023-2030).
AI marketplaces have emerged as platforms where businesses can discover, purchase, and deploy AI models and services. Recent developments in AI marketplaces have focused on broadening their product lines to include a wide range of AI models and services from various providers. These developments have made it easier for businesses to access AI capabilities from different sources, enabling them to find the right AI solutions for their specific needs.
Given their awareness of the benefits and capabilities of AI-based infrastructure, a considerable number of government organizations, particularly in emerging economies, are actively advocating for its development. Increasing expenditures on artificial intelligence and innovation in workflow efficiency technologies are expected to propel the demand for sophisticated analytical systems. Furthermore, the increased adoption of cloud-based solutions and the growing need for cognitive computing are anticipated to contribute to the market's expansion.
As the IT and telecom sector expands, there is a growing need for advanced technologies to support the infrastructure and operations of these industries. AIaaS provides a flexible and scalable way for companies to access AI capabilities without significant upfront investments in infrastructure or talent. This accessibility drives increased adoption of AI technologies across the IT and telecom sectors. Thus, these factors present lucrative growth prospects for the growth of the AI as a service market.
The US market dominated the North America AI as a Service Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $31,379.7 million by 2030. The Canada market is showcasing a CAGR of 43.6% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 42.4% during (2023 - 2030).
Free Valuable Insights: The AI as a Service Market is Predict to reach USD 116.7 Billion by 2030, at a CAGR of 41.4%
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. Based on Offering, the market is segmented into Infrastructure as a Service, Platform as a Service and Software as a Service. Based on Cloud Type, the market is segmented into Public Cloud, Private Cloud and Hybrid Cloud. Based on Technology, the market is segmented into Machine Learning, Natural Language Processing, Context Awareness, and Computer Vision. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail & eCommerce, Manufacturing, Healthcare & Life Sciences, Government & Defense, Energy & Utilities and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Organization Size
By Offering
By Cloud Type
By Technology
By Vertical
By Country
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