Artificial intelligence as a Service (AIaaS), refers to pre-trained computer learning algorithms, natural language processing (NLP), and robotic process automation (RPA) in the cloud to automate business operations. It is very similar to software-as-a-service (SaaS). AIaaS is a service that allows businesses to access AI models, without the need for advanced AI programming skills. This blog lists the expected growth figures for the AI business, including the deployment model, end-user application, verticals, and geography. Companies will not be able to build their own AI solutions for these small services.

Artificial intelligence as a service (AIaaS) refers to the use of pre-trained machine learning algorithms, robotic process automation (RPA) to natural language processing (NLP) in the cloud to automate business processes. In this respect, it is similar to software as a service (SaaS). However, AIaaS allows business users to access AI models without requiring advanced AI programming skills. This blog shares the anticipated growth figures of the AI business covering as per deployment model, end-user application, verticals, and geography. Building the own AI solution for these different small services will therefore not make any sense for companies because they are all associated with substantial upfront costs and management, which is sometimes not easy for the new joiners.

The global AIaaS market is predicted to gather pace in terms of growth as it registers a healthy CAGR during the forecast period 2018-2026. Well-established tech companies such as Microsoft, IBM, and Google offer AI services alongside their technology services in order to stay competitive in the industry. They realize that offering AI tools and software is not enough to maintain their supremacy in the technology world. Other software or professional service firms may partner with AI solutions providers to expand their customer base. In this regard, it could be said that the demand in the global AIaaS market will increase in the next few years.