Artificial Intelligence As A Service Market Size, Share, Growth Analysis, By Service Type(Software and Services), By Deployment(Public Cloud and Hybrid Cloud), By Region - Industry Forecast 2024-2031

Global artificial intelligence as a service market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global artificial intelligence as a service market.

In April 2022, Ernst & Young Global Limited, a multinational professional service partnership headquartered in London, England, acquired Gensquared Inc. It acquired a company that uses a business-centric approach to help enterprises solve their most challenging data and analytics problems. The merger is intended to strengthen EY Canada's data, analytics, and AI practice, helping to increase resources and talent while expanding the company's range of data and technology service offerings.

Artificial Intelligence As A Service Market Top Player's Company Profiles

• IBM
• Microsoft
• Google
• Amazon Web Services (AWS)
• Oracle
• SAP
• Intel
• General Electric (GE)
• Baidu
• HPE
• NVIDIA
• Infosys
• Cognitivescale
• Wipro
• Ayasdi
• Freenome
• Salesforce
• H2O.ai
• CognitiveScale
• Fractal Analytics

Artificial Intelligence As A Service Market Recent Developments

• The University of Cambridge, Intel Corporation, and Dell Technologies announced in November 2023 the launch of "Dawn Phase 1," the fastest AI supercomputer that was co-designed. The supercomputer, which harnesses the combined power of artificial intelligence (AI) and high-performance computing (HPC) to address some of the most pressing global issues, was constructed by elite technical teams. It is anticipated that this will hasten future technological leadership and foreign investment in the technology industry in the United Kingdom.

   

• With the launch of the AMD Instinct MI300 Series accelerator family, which featured a first look at the AMD Instinct MI300X accelerator, AMD disclosed its AI Platform vision in June 2023. The accelerator is designed to support workloads in generative AI by training and inferring huge language models.

   

• IBM revealed in June 2023 that The All England Lawn Tennis Club would be its partner during the 2023 Wimbledon Championship. During the competition, the business will use IBM Watsonx's generative AI technology to provide commentary for video highlights. Furthermore, the IBM AI Draw Analysis will provide information on how advantageous the draws would be for each singles player.