Global Artificial Intelligence as a Service (AIaaS) Market to Reach $192.9 Billion by 2030
The global market for Artificial Intelligence as a Service (AIaaS) estimated at US$18.8 Billion in the year 2023, is expected to reach US$192.9 Billion by 2030, growing at a CAGR of 39.5% over the period 2023-2030. vSoftware Tools, one of the segments analyzed in the report, is expected to record 40.3% CAGR and reach US$143.9 Billion by the end of the analysis period. Growth in the AIaaS Services segment is estimated at 37.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 36.8% CAGR
The Artificial Intelligence as a Service (AIaaS) market in the U.S. is estimated at US$6.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$28.9 Billion by the year 2030 trailing a CAGR of 36.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35.1% and 33% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 26.3% CAGR.
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