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

So, what's this whole AI thing about? Well, it's basically trying to get computers to think like us – a part of computer science dedicated to building machines that can do mental tasks. We're talking intelligent machines that react and work in ways that seem human. Now, think about Software as a Service (SaaS). That's where someone else hosts and delivers software to you over the Internet. When you mix those two – AI and SaaS – you get something pretty coolAI SAAS. It's like getting pre-built AI tools that SaaS companies can use to add AI without having to build everything from scratch. AI is helping companies make better products, improve customer experiences, make smarter decisions based on data, and even automate those boring, time-consuming tasks. All this automation has some serious perks, and in some cases, it's even replacing human workers in certain businesses. And get thissome companies even offer AI outsourcing, providing AI services as a third party – that's what they call Artificial Intelligence SAAS.

Global Artificial Intelligence SAAS Market Overview

We're seeing a big boost in the market thanks to more people using cloud solutions and a growing demand for artificial intelligence and cognitive computing. Plus, companies are putting more money into research and development, which is only going to fuel things further. The reason? Well, everyone needs AI and cognitive computing now, and cloud solutions are making it easier to use these technologies for smart business apps. This shift is partly because cloud computing is becoming more widely accepted. Businesses across different sectors are realizing that cloud-based apps are pretty useful. Think about itcloud computing offers lower costs, scalability, stability, and lots of resources. That's a compelling reason for companies to make the move! Plus, it means they don't need as much dedicated IT support, saving them even more money. To get the most out of all this, businesses are using pay-per-use subscriptions, which should only speed up the adoption of cloud-based apps as a service.

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

We'll dig into the market with both qualitative and quantitative research, dividing it up based on things like money and other, less obvious, factors. You'll get clear market value numbers (in USD Billion) for every segment and sub-segment. We'll point out which region and segment are predicted to grow the fastest and lead the way. Our geographical analysis will highlight how much of the product/service is being used in each region, and what's impacting the market there. We'll also map out the competitive scene, showing you the major players' rankings, along with their recent new launches, partnerships, expansions, and acquisitions over the last five years. Expect detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses for the top market participants. We'll cover both the current and future market outlook, keeping an eye on recent developments, growth opportunities, and the challenges in both emerging and developed areas. Get ready for a deep dive into the market from all angles, thanks to Porter's five forces analysis. We'll even provide a Value Chain perspective to help you understand the flow. You'll get a clear picture of market dynamics and future growth opportunities. And don't forget, we're offering 6 months of post-sales support from our analysts.

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