“A research report on Australia AI as a Service Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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Australia AI as a service market is projected to grow at a CAGR of 36% driven by the growing demand for AI-powered services in the form of Application Programming Interface (API) and Software Development Kit (SDK). Additionally, growing expenditure on adoption of Artificial Intelligence and technological advancements for workflow optimization is further anticipated to fuel the market over the next five years.
Australia AI as a service market is segmented based on technology, organization size, service type, type of cloud, end user industry, and region. Based on technology, the market can be categorized into Machine Learning, Natural Language Processing (NLP) and others. The NLP segment is expected to dominate the market during forecast period since NLP technology is capable of understanding user behavior, which is why it helps in delivering enhanced customer experience. Based on service type, the market can be bifurcated into software tools and services. The software tools segment is expected to witness significant growth during the forecast years. This can be attributed to the fact that software tools play an important role in finding hidden patterns in data and data sets to predict outcomes from the large volumes of data.
Major players operating in Australia AI as a service market include Amazon Web Services Australia Pty Ltd, Google Australia Pty Ltd, IBM Australia Ltd., Microsoft Australia, Fair Isaac (Australia) Pty Ltd., SAP Australia Pty Ltd, Salesforce Australia, Intel Australia Pty Ltd., SAS Institute Inc., Oracle Corporation Australia Pty. Ltd. and others.
Objective of the Study:
• To analyze and forecast the market size of Australia AI as a service market.
• To classify and forecast Australia AI as a service market based on technology, organization size, service type, type of cloud, end user industry, and regional distribution.
• To identify drivers and challenges for Australia AI as a service market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia AI as a service market.
• To identify and analyze the profile of leading players operating in Australia AI as a service market.
SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of service providers across the country. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI could include the service providers which could not be identified due to the limitations of secondary research. SDKI analyzed the service providers, distribution channels and presence of all major players across the region.
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