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.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
19.1%
CAGR
24.1%
Incremental Value
$12608.7 mn
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 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.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Cloud Artificial Intelligence (AI) Market 2018 - 2022
Historic Market Size - Data Table on Global Cloud Artificial Intelligence (AI) Market 2018 - 2022 ($ million)