What is Global AI Platforms Software Market?
The Global AI Platforms Software Market is a rapidly expanding sector that encompasses a wide range of technologies and applications. At its core, it refers to the development and deployment of artificial intelligence (AI) software on a global scale. These platforms provide the necessary tools and infrastructure for designing, training, and deploying machine learning models. They offer a comprehensive suite of capabilities, including data pre-processing, model training, model evaluation, and model deployment. These platforms are designed to handle large volumes of data, making them ideal for big data applications. They also provide a user-friendly interface, making it easier for non-technical users to leverage the power of AI. The market is driven by the increasing demand for AI-powered solutions in various industries, including healthcare, finance, retail, and more. The growing need for intelligent business processes and the rising adoption of digital transformation strategies are also contributing to the market's growth.
On-Premises, Cloud Based in the Global AI Platforms Software Market:
The Global AI Platforms Software Market is segmented into two main types: On-Premises and Cloud-Based. On-Premises AI platforms are installed and run on computers in the premises of the organization using the software. This type of deployment offers greater control over the system and data, making it suitable for organizations with strict data security and privacy requirements. On the other hand, Cloud-Based AI platforms are hosted on the vendor's server and accessed through the internet. This type of deployment offers scalability and flexibility, making it ideal for organizations with fluctuating workload demands. The choice between On-Premises and Cloud-Based depends on various factors, including the organization's size, budget, IT infrastructure, and specific needs. Both types have their advantages and disadvantages, and the choice between the two often comes down to the specific needs and resources of the organization.
Large Enterprises, SMEs in the Global AI Platforms Software Market:
The Global AI Platforms Software Market finds its application in various areas, including Large Enterprises and SMEs (Small and Medium-sized Enterprises). Large Enterprises often have complex business processes and vast amounts of data, making them ideal candidates for AI implementation. AI platforms can help these organizations streamline their operations, make data-driven decisions, and improve customer service. On the other hand, SMEs may not have the same level of resources as large enterprises, but they can still benefit from AI. AI platforms can help SMEs automate routine tasks, gain insights from their data, and stay competitive in the market. The adoption of AI platforms in both Large Enterprises and SMEs is driven by the need to improve efficiency, reduce costs, and gain a competitive edge.
Global AI Platforms Software Market Outlook:
The Global AI Platforms Software Market has shown significant growth in recent years. In 2023, the market was valued at US$ 6482 million, and it is expected to reach US$ 21840 million by 2030, growing at a CAGR of 18.6% during the forecast period from 2024 to 2030. This growth is largely driven by the increasing adoption of AI in various industries and the continuous advancements in AI technology. In China, the core artificial intelligence industry reached ¥508 billion in 2022, marking an 18% increase from the previous year. Furthermore, the number of patent applications for AI inventions worldwide reached 729,000 by November 2022, with China accounting for 53.4% of these applications. These figures highlight the growing importance and impact of AI on the global economy.
| Report Metric | Details |
| Report Name | AI Platforms Software Market |
| Accounted market size in 2023 | US$ 6482 million |
| Forecasted market size in 2030 | US$ 21840 million |
| CAGR | 18.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Microsoft, Google, IBM, Baidu, SAP, Salesforce, Brighterion, IFlyTek, Megvii Technology, H2O.ai, Wipro, Albert Technologies, NanoRep(LogMeIn), Brainasoft, Ada Support, Yseop, IDEAL.com |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
