Australia AI as a Service Market to Grow at a Formidable Rate During Forecast Period
Growing number of innovative
startups in the country to drive the growth of Australia AI 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”, the Australia AI as a service market is expected to grow
at a formidable rate during the forecast period 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,
increased application areas and growth in demand for IoT are further providing
growth opportunities for the 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.
The 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 can be divided into SMEs and large enterprises.
The large enterprises are 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 the increased adoption of AI technology in BFSI
industry primarily to enhance operational efficiency and customer experience.
Fair
Isaac (Australia) Pty Ltd., IBM Australia Ltd., Google Australia Pty Ltd, SAP
Australia Pty Ltd, Salesforce Australia, Amazon Web Services Australia Pty Ltd,
Microsoft Australia, Intel Australia Pty Ltd., SAS Institute Inc., Oracle
Corporation Australia Pty. Ltd. and others are some of the leading players
operating in Australia AI as a service market. The companies operating in the
market are using organic strategies such as product launches, mergers and
collaborations to boost their share.
Download Sample Report @
https://www.techsciresearch.com/sample-report.aspx?cid=4464
Customers can
also request for 10% free customization on this report.
“Australia AI as
a service market is witnessing growth on account of the increased adoption of
artificial intelligence, by both public and private sectors. Additionally,
significant investments by the tech giants such as AWS, IBM, among others in
the region are further expected to fuel the demand for AI as a service during 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
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]