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Artificial Intelligence (AI) as a Service Market To Reach USD 34.1 Billion By 2027

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The growing demand for AI & cognitive computing and large-scale adoption of cloud-based solutions for intelligent business applications is propelling the growth of the Artificial Intelligence (AI) as a Service Market. Market Size – 1.73 Billion in 2019, Market Growth - CAGR of 45.6%, Market Trends – Increasing demand for cloud-based solutions for intelligent business applications      Global  Artificial Intelligence (AI) as a Service Market  is forecasted to grow at a rate of 45.6% from USD 1.73 Billion in 2019 to USD 34.1 Billion in 2027, according to a new report by Reports and Data. AI as a service (AIaaS) is an artificial intelligence outsourcing service that is provided by a third party to enables big organizations and SMEs to explore growth avenues without high investment for initial installation. Most smart vendors, be it consultants, software firms, or professional service firms, partner with or offer organizations that can offer a full suite of services to help support a l