Cloud Artificial Intelligence (AI) Market 2024-2028
The cloud artificial intelligence (AI) market is forecasted to grow by USD 12608.7 mn during 2023-2028, accelerating at a CAGR of 24.1% during the forecast period. The report on the cloud artificial intelligence (AI) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of technologically advanced devices, increasing digitization in healthcare industry, and increasing digital transformation.
Technavio's cloud artificial intelligence (AI) market is segmented as below:
- By Component
- Software
- Services
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing 5g adoption and mobile penetration as one of the prime reasons driving the cloud artificial intelligence (AI) market growth during the next few years. Also, cloud-based ai-enhanced credit risk assessment tools and increasing pilot programs for various ai applications will lead to sizable demand in the market.
The report on the cloud artificial intelligence (AI) market covers the following areas:
- Cloud Artificial Intelligence (AI) Market sizing
- Cloud Artificial Intelligence (AI) Market forecast
- Cloud Artificial Intelligence (AI) Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cloud artificial intelligence (AI) market vendors that include Amazon.com Inc., AIBrain Inc., Alphabet Inc., Baidu Inc., Cisco Systems Inc., H2O.ai Inc., Informatica Inc., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., NVIDIA Corp., Oracle Corp., Salesforce Inc., SoundHound AI Inc., Verint Systems Inc., VMware Inc., Wipro Ltd., and ZTE Corp.. Also, the cloud artificial intelligence (AI) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.