Australia AI as a Service Market to Witness 36% CAGR until 2025
Rising focus on adopting
data driven technologies to boost Australia Artificial Intelligence as a
Service market
According to
TechSci Research report, “Australia AI as a Service Market By Technology, By
Organization Size, By Service Type, By Type of Cloud, By End User Industry, By
Region, Competition, Forecast & Opportunities, 2025”, Australia AI as a service market is forecast to grow at a CAGR
of 36% during 2020-2025 on account of rise in adoption of cloud-based solutions
and surge in requirement for artificial intelligence and cognitive computing
market in the country. Additionally, increasing
application areas and growth in demand for IoT are further providing growth
opportunities for AI as a service market in Australia. However, lack of AI
experts and slow digitization rate can hamper the growth of market during
forecast period.
Browse 21 market data Figures spread through 70 Pages and an in-depth TOC on "Australia AI as a
Service Market"
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Australia
AI as a service market is segmented based on technology, organization size,
service type, type of cloud, end user industry, region and company. Based on
organization size, the market is categorized into SMEs and large enterprises. SMEs
segment is expected to register significant growth during forecast years owing
to the increasing demand for artificial intelligence from various end-user
industries. Based on end user industry, the market can be categorized into
BFSI, healthcare, retail, IT & telecom, government and others. The BFSI industry
segment is anticipated to dominate the market through 2025. This can be
accredited to surging adoption of AI technology in BFSI industry primarily to
enhance operational efficiency and customer experience. Amazon Web Services Australia Pty Ltd, Google
Australia Pty Ltd, IBM Australia Ltd., Microsoft Australia, Fair Isaac
(Australia) Pty Ltd., SAP Australia Pty Ltd, Salesforce Australia, , Intel
Australia Pty Ltd., SAS Institute Inc., and Oracle Corporation Australia Pty.
Ltd. are some of the leading players operating in Australia AI as a service market.
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“Australia AI as
a service market is witnessing robust growth on account of the rising adoption
of artificial intelligence across both public and private sectors.
Additionally, significant investments by the tech giants such as AWS, IBM,
among others, in the country is further expected to fuel AI as a service in
Australia over the next five years.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Australia AI as a Service Market By
Technology, By Organization Size, By Service Type, By Type of Cloud, By End
User Industry, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Australia
AI as a service market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in Australia AI as a
service market.
Contact
Mr. Ken Mathews
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