Global Artificial Intelligence SAAS Market Size By Organization Size (Large Enterprise, Small & Medium Enterprise), By Geographic Scope And Forecast

Artificial Intelligence SAAS Market Size And Forecast

Artificial Intelligence SAAS Market size was valued at USD 71.54 Billion in 2024 and is forecasted to reach USD 775.44 Billion by 2031, registering a CAGR of 38.28% from 2024 to 2031.

The rise in adoption of cloud-based solutions and surge in requirement for artificial intelligence and cognitive computing market, and increasing investment in R&D, will drive market growth. The Global Artificial Intelligence SAAS Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Artificial Intelligence SAAS Market Definition

Artificial intelligence (AI) is a branch of computer science that aims to create machines that can perform mental tasks. It refers to the creation of intelligent machines that react and function in the same way as people do. Software as a service (SaaS) is a software distribution model in which a third-party provider hosts and delivers programs to customers through the Internet.Artificial intelligence SAAS (AI software as a service) refers to off-the-shelf AI technologies that allow SAAS businesses to install and grow AI approaches at a fraction of the expense of a full-fledged in-house AI. Artificial intelligence is assisting organizations in improving goods and consumer experiences, making data-driven choices, and automating time-consuming jobs. Automation has provided several benefits and has nearly replaced human labor in enterprises. Some firms provide AI outsourcing as a third party. This is referred to as Artificial Intelligence SAAS.

Global Artificial Intelligence SAAS Market Overview

The rise in adoption of cloud-based solutions and surge in requirement for artificial intelligence and cognitive computing market, and increasing investment in R&D, will drive market growth. The increasing need for artificial intelligence and cognitive computing, as well as the increasing use of cloud-based solutions for intelligent business applications, will drive market growth throughout the forecast period. The increased global acceptance of cloud computing services is increasing the popularity of cloud-based apps that may be utilized by a variety of end-user sectors. Cloud computing’s intrinsic benefits, such as low infrastructure computing costs, scalability, stability, and high resource availability, have compelled organizations to adopt cloud-based solutions. Cloud computing also reduces the need for dedicated IT support staff, lowering operational costs. Enterprises are implementing pay-per-use subscription services to maximize advantages. This should hasten the adoption of cloud-based apps via a service model.

The advent of cloud computing technology is driving the adoption of cognitive computing technologies. Cloud-based technology usage has not only fuelled development in the cognitive computing industry but has also made cognitive computing platforms more accessible to enterprises. Cognitive computing is heavily reliant on the signal data at its disposal. Traditional on-premise systems have depended on databases that are limited in size and location, limiting the possibilities of downstream analytical tools. Moving the tools to the cloud has made innovation and experimentation faster and less expensive.

Global Artificial Intelligence SAAS MarketSegmentation Analysis

The Global Artificial Intelligence SAAS Market is segmented on the basis of Organization Size, and Geography.

Artificial Intelligence SAAS Market, By Organization Size

• Large Enterprise• Small & Medium Enterprise

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Based on Organization Size, the market is bifurcated into Large Enterprise, Small & Medium Enterprise. Large Enterprise accounted for the largest market share of 58.04% in 2021, with a market value of USD 54.23 Billion and is projected to grow at the highest CAGR of 38.28% during the forecast period. Small & Medium Enterprise was the second-largest market in 2021, valued at USD 39.20 Billion in 2021; it is projected to grow at a CAGR of 36.76%.

Artificial Intelligence SAAS Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

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On the basis of regional analysis, the Global Artificial Intelligence SAAS Market is classified into North America, Europe, Asia Pacific and Rest of the world. North America accounted for the largest market share of 39.96% in 2021, with a market value of USD 37.34 Billion and is projected to grow at the highest CAGR of 36.89% during the forecast period. Asia Pacific was the second-largest market in 2021, valued at USD 27.79 Billion in 2021; it is projected to grow at a CAGR of 41.22%.

Key Players

The “Global Artificial Intelligence SAAS Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Alteryx, Inc, Dropbox, Inc., Datarobot, Inc., Databricks, Cresta, Dataiku, Github, Inc, H2o.Ai, Haptik, Hubspot, Hyperverge Inc, Snowflake, Kore.Ai, Noodle.Ai, Splunk, Pluralsight, Qlik, Rapid7, Rapidminer, Ringcentral., and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Alteryx, Inc. announced the Alteryx Analytics Cloud, its first unified end-to-end analytics automation platform that helps businesses empower all users across the enterprise to make more informed decisions with their data.

• Dropbox, Inc. has acquired DocSend, a secure document sharing, and analytics company. This would help customers across industries manage end-to-end document workflows from content collaboration to sharing and e-signature giving them more control over their business results.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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