Baidu Is One Of The Largest Players In The Artificial Intelligence Services Market, According To The Business Research Company’s Artificial Intelligence Services Market Global Report 2020-30: COVID-19 Growth and Change
(Companies Covered: 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)
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%.
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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.
Global Artificial Intelligence Services Market Segmentation –
The artificial intelligence services market covered in this report 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.
Global Artificial Intelligence Services Market Drivers –
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.
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A Few Points From The Global Artificial Intelligence Services Market ToC
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
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
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