According to a market report by Lucintel, the future of the global cloud AI market looks promising with opportunities in the healthcare, retail, BFSI, IT and telecommunication, government, manufacturing, and automotive & transportation sectors. The global cloud AI market is expected to reach an estimated $361.8 billion by 2030 with a CAGR of 33.1% from 2024 to 2030. The major drivers for this market are increasing use of AI and machine learning among various corporations, increasing number of cloud-based AI services available, and rapid adoption of AI-based solutions in traffic management, public safety, citizen services, and resource optimization.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in cloud AI market to 2030 by type (solution and services), technology (deep learning, machine learning, natural language processing, and others), end use industry (healthcare, retail, BFSI, IT and telecommunication, government, manufacturing, automotive and transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)In this market, solution and service are the major segments of cloud AI market by type. Lucintel forecasts that solution will remain the larger segment due to growing adoption of cloud-based AI solutions among major tech oriented industries.

Within this market, IT and telecommunication will remain the largest segment due to significant use of cloud AI in this sector to enable improved network performance, allocate resources efficiently, and enhance customer experience.

North America is expected to witness highest growth over the forecast period due to availability of highly skilled tech savvy population, existence of early adopter industries for AI and machine learning technologies, and presence of key players in the region.

Apple, Google, IBM, Intel, Microsoft, MicroStrategy, NVIDIA, Oracle, Qlik Technologies, and Salesforce.com are the major suppliers in the cloud AI market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]