The artificial intelligence platforms market size has the potential to grow by USD 12.51 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by deployment (on-premise and cloud-based) and geography (North America, APAC, Europe, South America, and MEA). Also, the report analyzes the market's competitive landscape. It offers information on several market vendors, including Alibaba Group Holding Ltd., Alphabet Inc., Amazon Web Services Inc., International Business Machines Corp., Microsoft Corp., Palantir Technologies Inc., Salesforce.com Inc., SAP SE, SAS Institute Inc., and Tata Consultancy Services Ltd.
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The market is concentrated. The key vendors in the market are focusing on adopting technological advancements to increase their market and regional presence. Alibaba Group Holding Ltd., Alphabet Inc., and Amazon Web Services Inc. are some of the major market participants. Although the rise in demand for AI-based solutions will offer immense growth opportunities, the increase in data privacy issues will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this artificial intelligence platform market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this artificial intelligence platforms market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.