The Cloud AI Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Cloud AI market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Cloud AI market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Cloud AI market.
“The Cloud AI Market was valued at USD 5.2 billion in 2019 and is expected to reach USD 13.1 billion by 2025, registering a CAGR of 20.3%, during the period of 2020-2025.”
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Top Leading Companies of Cloud AI Market are Amazon Web Services Inc., Microsoft Corporation, Google LLC, IBM Corporation, Intel Corporation, Nvidia Corporation, Cloudminds Technology, AIBrain LLC, Salesforce.com Inc., SoundHound Inc., Twilio, Inc., Visenze Pte Ltd, Infosys Limited, Wipro Limited and others.
Industry News and Updates:
– In August 2020 – Google Cloud announced the expansion of its partnership with Best Buy in a multi-year agreement for Best Buy’s Enterprise Data Platform. The partnership is expected to deliver enhanced technological experience, by using AI, analytics to create more personalized shopping experiences for customers of the latter.
– In July 2020 – the Global Health Drug Discovery Institute (GHDDI) launched a Free AI Virtual Screening Service for COVID-19. The service is powered by Alibaba Cloud and enables the facilitation of COVID-19 drug discovery effort by combining the capabilities of Alibaba Cloud’s high-performance computing (HPC) resources and GHDDI’s artificial intelligence (AI), thereby accelerating the computation process exponentially.
– In April 2020 – Siemens announced the availability of its MindSphere on Alibaba Cloud. The successful deployment and operation are expected to foster the industrial Internet of Things (IoT) in China.
Key Market Trends:
Government to Hold Significant Share
– Governments and large NGOs worldwide have been significantly spending their time and budget on pilot programs for various AI applications and investing in the same. Discussions with the experts in the field, on the future implications of the technology, have become routine.
– INTERPOL World 2019, conducted in Singapore, concluded that to understand how AI could help improve healthcare in developing nations, the National Defense University in Washington DC spoke with generals and colonels to arrive at the same.
– As of October 2019, Amazon Web Services has been training relevant government employees in India to create a cloud-first approach towards digital transformation and enhanced skill sets as a part of the initiatives by the Indian government to deploy AI and Machine Learning-driven Cloud models to make sense of the humongous sets of data.
– The National Association of Software and Services Companies (NASSCOM) titled Cloud Next Wave of Growth in India as cloud providers as a compelling proposition for the Indian SMEs, enterprises, and government for their application in analytics, Artificial Intelligence, big data, IoT, etc.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
– Cloud AI Market Size & Analysis (2016 – 2026)
– Market Share Analysis of Cloud AI Market (%),2016 – 2026
– Cloud AI Market Share, By Brand
– Cloud AI Market Share, By Company
– Cloud AI Market Assessment & Opportunity (Value),2016 – 2026
– Major Companies Cloud AI Market Value Analysis & Forecast
– Promising Cloud AI Development by Major Companies
– Detailed Cloud AI Portfolio of the Major Companies
– Major Deals in the Cloud AI Market
– Major Companies Analysis
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