AI-as-a-Service Market Share

Market Share of AI-as-a-Service Industry

The artificial intelligence-as-a-service (AIaaS) market is highly fragmented, with the presence of major players like Microsoft Corporation, Google LLC, Amazon Web Services, Inc., IBM Corporation, and BigML Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.

In July 2022, IBM announced the acquisition of Databand.ai, a major provider of data observability software that assisted organizations in resolving data issues such as mistakes, pipeline failures, and low quality before they influenced their bottom line. The announcement expanded IBM's software portfolio across data, AI, and automation to cover the whole spectrum of observability. It assisted organizations in ensuring that trustworthy data was in the hands of the appropriate individuals at the right time.

In June 2022, Amazon launched "Code Whisperer,' a new service that used machine learning to generate code suggestions for software developers. It is the first addition to its cloud offering. This tool, currently in preview, is intended to help programmers write code faster and build training datasets for their artificial intelligence projects.

Artificial Intelligence as a Service (AIaaS) Market Leaders

1. Microsoft Corporation

2. Google LLC

3. Amazon Web Services, Inc.

4. IBM Corporation

5. BigML Inc

*Disclaimer: Major Players sorted in no particular order