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Opportunity, The growth of the global artificial intelligence services market, Research and Markets

The global artificial intelligence services market is expected to grow from $0.77 billion in 2020 to $0.96 billion in 2021 at a compound annual growth rate (CAGR) of 24.7%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $3.39 billion in 2025 at a CAGR of 37%.

Lesson learned, Major players in the artificial intelligence services market

Major players in the artificial intelligence services market are Intel Corp., International Business Machines Corp., Microsoft Corp., SAP SE, SAS Institute Inc., Amazon.com Inc., Salesforce, Google LLC, Oracle Corporation and Fair Isaac Corporation.

Opportunity, 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.

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Opportunity, The growth of the global artificial intelligence services market, Research and Markets

The global artificial intelligence services market is expected to grow from $0.77 billion in 2020 to $0.96 billion in 2021 at a compound annual growth rate (CAGR) of 24.7%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $3.39 billion in 2025 at a CAGR of 37%.

Lesson learned, Major players in the artificial intelligence services market

Major players in the artificial intelligence services market are Intel Corp., International Business Machines Corp., Microsoft Corp., SAP SE, SAS Institute Inc., Amazon.com Inc., Salesforce, Google LLC, Oracle Corporation and Fair Isaac Corporation.

Opportunity, 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.

Category 2: The Big Picture of the Digital Age

[genioux fact deduced or extracted from Research and Markets]

This is a “genioux fact fast solution.”

Tag Opportunities those travelling at high speed on GKPath

Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

Type of validity of the "genioux fact".

Inherited from sources + Supported by the knowledge of one or more experts + Supported by research.

Authors of the genioux fact

Fernando Machuca

References

Worldwide Artificial Intelligence Services Industry to 2030 - Players Include Intel, International Business Machines and Microsoft Among Others, Research and Markets, August 11, 2021, Research and Markets, yahoo!finance.

ABOUT THE AUTHORS

Research and Markets

Extracted from LinkedIn

Research and Markets is the world's leading market research store.

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