The global AI development service market size is expected to be USD 55.5 billion in 2021 and reach USD 375.06 billion in 2027, registering a CAGR of 37.50% during the forecast period, 2021-2027.Below information is analyzed in depth in the report-
Global AI Development Service Market Revenue, 2018-2023, 2024-2033, (US$ Millions)
Global AI Development Service Market Sales Volume, 2018-2023, 2024-2033, (Units)
Share of the top five AI Development Service companies in 2023 (%)
Market Growth Mapping
Qualitative and quantitative methodologies were utilized in the process of market growth mapping. The report offers an extensive examination of market dynamics, including a thorough assessment of the primary factors that drive market expansion, challenges encountered by industry participants, and forthcoming trends that indicate recent development. Prospects for investment and expansion are discerned via a comprehensive SWOT analysis, which evaluates the market’s strengths, weakness, opportunities, and threats. The PESTEL analysis, which investigates the technological, environmental, political, economic, and social factors that influence the industry, provides additional depth of analysis. Furthermore, the report incorporates an analysis of PORTER'S 5 forces, which provides valuable perspectives on the sector's profitability and competitive intensity. Moreover, the report covers regulatory landscape, COVID-19 impact analysis, customer sentiment and behavior, trade analysis, supply-demand analysis, and the influence of government policies and other macroeconomic factors.
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AI Development Service Market Segmentation:
This study offers a thorough segmentation of the AI Development Service market based on an in-depth examination of the product portfolios and customers of key regional and global market players. By means of a comprehensive examination, we offer detailed perspectives on market segmentation, assisting stakeholders in comprehending the diverse aspects and variables that impact the AI Development Service market.
Based on the component, the AI development service market has been segmented into –
Software Tool
Services
Based on the technology, the AI development service market has been segmented into –
Machine Learning and Deep Learning
Natural Language Processing
Based on the verticals, the AI development service market has been segmented into –
BSFI
Retail
Government and Defense
Energy
Telecommunications
Manufacturing
Healthcare
Life Sciences
Others
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The key companies covered in the market report are:
International Business Machine Corporation
Google
Salesforce
SAP SE
Amazon Web Service, Inc.
Fair Isaac Corporation
Advanced Micro Devices
Ayasdi AI LLC
IBM Watson Health
Zebra Medical Vision, Inc.
Intel Corporation
Enlitic, Inc.
Baidu, Inc.
Cyrcadia Health
Atomwise, Inc.