Market Highlights:
Recently, in November 2018, Amazon Web Services introduced 13 new machine learning capabilities and services. Aws has also introduced Amazon SageMaker which will help developers in building and deploying machine learning models at low cost.
In September 2018, Microsoft Corporation introduced AI based APIs namely “Dynamic 365 AI” for sales, customer service and market insights. This API will help sales department in getting in-depth information about the prospects via sentiment analysis. Customer service API is expected to utilize naturla lanuage processing technology to understand and predict customer rellated issues.

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Key players:
IBM Corporation, Google Inc., AWS, Microsoft Corporation, Salesforce, Baidu, SAP SE, Intel Corporation, Fair Isaac Corporation (FICO), BigML, Absolutdata, Fuzzy.AI, Vital AI, Rainbird Technologies, Craft.AI, Sift Science, Mighty.AI, Cognitive Scale, Centurysoft, Yottamine Analytics, and Datarobot Meya.AI are some of the key players in Artificial Intelligence as a Service (AIaaS) market.

Segmentation:
The Global Artificial Intelligence (AI) as a Service Market is segmented into services type, technology, software, organization size, verticals and region.
By services, Artificial Intelligence as a Service (AIaaS) market is segmented into cognitive computing APIs, custom cognitive computing APIs, and conversational AI.
By technology, the market is segmented into machine learning & deep learning, and natural language processing.
By software, the market is further sub-segmented into data storage & archiving, modeler & processing, cloud & web-based application, and others.
By organization size, the Artificial Intelligence as a Service (AIaaS) market is segmented into SMEs and large enterprises.
By vertical, the market is classified into BFSI, healthcare, retail, telecommunication, government & defense, manufacturing and energy & power.
By region, the Artificial Intelligence as a Service (AIaaS)market is segmented into North America, Europe, Asia-Pacific, and Rest of the world.

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Detailed Regional Analysis:
The market for Artificial Intelligence as a Service (AIaaS) is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of Artificial Intelligence as a Service (AIaaS) market is studied for North America (U.S, Canada, and Mexico), Europe (Germany, U.K, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Taiwan, Singapore and Rest of Asia-Pacifc), and the Rest Of The World (including the Middle East, Africa, and Latin America).North America is expected to dominate the Artificial Intelligence as a Service (AIaaS) market during the forecast period. North America is an established region in terms of advanced infrastructure and is widely known as an early adopter of new technologies. In North America, artificial intelligence as a service is deployed across various verticals including consumer, BFSI, enterprise and government. U.S is the leading market of artificial intelligence as a service in North America.
Europe is expected to be the second dominant market of artificial intelligence as a service. Increasing usage of AI and cognitive computing algorithm-based software by industries is fueling the growth of AIaaS in this region. Also, government initiatives to bring advanced technologies in the ecosystem of each country of Europe is further boosting the market growth of AIaaS here in coming years.
Asia-Pacific Artificial Intelligence as a Service (AIaaS) market is projected to grow with fastest growing CAGR during forecast period. China, Japan, Singapore, South Korea among all other countries is leading the Artificial Intelligence as a Service (AIaaS) market in the region. Increasing awareness about the benefits of AI enabled products and services among end-users and increasing usage of digital technology supported by government are some of the prime driving factors for the growth of the market in this region in the coming years.
Rest of the world (RoW) comprise of Artificial Intelligence as a Service (AIaaS)market in The Middle East & Africa and Latin America. RoW Artificial Intelligence as a Service (AIaaS) market is expected to grow with slow and steady growth rate due to lack of technical skills and infrastructure.

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