The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the AI Platform Cloud Service Market. Demand for global AI platform cloud services is projected to be US$ 8.3 billion in 2022 and to increase at a CAGR of 20.3% to US$ 30.5 billion between 2022 and 2032. Increased need for smarter corporate operations is credited with growth.
The leading cloud services providers such as Oracle Corporation, Microsoft, IBM, and others are creating a new technological advancement in cloud services they are offering such as AI platform cloud service. The AI platform cloud service vendors are integrating cloud platform and AI as well as machine learning in the cloud services for delivering a today’s modern cloud-based applications to the customers.
The vendors of AI platform cloud service are more focused on advancements in AI platform cloud service by adding machine learning to it, and such factors are creating potential market opportunities for AI platform cloud service.
Increasing popularity of cloud-based services across different enterprises is ultimately creating a need for innovative cloud services for sustaining in changing scenarios of technological solutions. Due to such advancements, the AI platform cloud service is emerging as a new trend to sustain in changing market.
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Global AI Platform Cloud Service Market: Industry Key Players
Examples of some of the key players in the global AI Platform Cloud Service market include Oracle Corporation, Microsoft Corporation, IBM, Google LLC, Infosys Limited, Amazon Web Services, Wipro Limited, Baidu Inc., Cloudera Inc., Informatica LLC, and others. AI platform cloud service vendors are continuously focusing on innovations in their products.
This strategy is followed by key vendors of AI platform cloud service for sustaining themselves in the increasing global competition. In addition to this, AI platform cloud service vendors are focusing on integrating new and advanced technologies to deliver an outstanding service to the customers such as chat-bots, speech recognition, and others.
Global AI Platform Cloud Service Market: Segmentation
The global AI platform cloud service market is segmented on the basis of industry, enterprise size, and region. The segmentation based on industries includes the industry vertical which are using the AI platform cloud service for application development or data analysis and others.
The industry segmentation includes travel and tourism, IT & telecommunication, manufacturing, retail, and others. On the basis of enterprise size, the AI platform cloud service market is segmented into small, medium and large enterprises. On the basis of the region, the AI platform cloud service market is segmented into segmented into North America, Latin America, Europe, Eastern Europe, CIS & Russia, Japan, and MEA.
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Queries Solved
- What is the size of the overall AI Platform Cloud Service Market in the Technology Market and its segments?
- What are the key segments and sub-segments in the market?
- What are the key drivers, restraints, opportunities, and challenges of the AI Platform Cloud Service Market in the Technology Market, and how they are expected to impact the market?
- What are the attractive investment opportunities within the AI Platform Cloud Service Market in the Technology Market?
- What is the AI Platform Cloud Service Market in the Technology Market size at the regional and country-level?
- What are the key market players focusing on?
- What are the strategies for growth adopted by the key players in AI Platform Cloud Service Market in the Technology Market?
- What are the recent trends in AI Platform Cloud Service Market in the Technology Market? (M&A, partnerships, new product developments, expansions)?
- What are the challenges to the AI Platform Cloud Service Market in the growth of the Technology Market?
- What are the key market trends impacting the growth of the AI Platform Cloud Service Market in the Technology Market?
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