AI as a Service (AIaaS) Market will Touch USD 43.29 Billion at a Whopping 25.8% CAGR by 2030- Report by Market Research Future (MRFR)

New York, US, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Market Overview: According to a comprehensive research report by Market Research Future (MRFR), "AI as a Service Market information by Technology, by Vertical and Region – forecast to 2030" market size to reach USD 43.29 billion, growing at a compound annual growth rate of 25.8% by 2030. AIaaS Market Scope: The increasing expenditure to adopt AI and advances in technology for workflow optimization will offer robust opportunities for the AlaaS market over the forecast period. Besides, the increasing adoption of cloud-based solutions in different end user industries & increasing need for cognitive computing will also fuel market growth. Besides, the other factors adding market growth include the increasing use of social media platforms, increase in the number of start-ups, and increasing demand for artificial intelligence enabled SDK's and APIs. Market USP Exclusively Encompassed: AIaaS Market Drivers Growing Need for AI and Cognitive Computing to Boost Market Growth The growing need for artificial intelligence and cognitive computing & the large-scale use of cloud-based solutions for intelligent business applications will boost market growth over the forecast period.