Global AIaaS Market to Grow at 34.2% CAGR Through 2034, Driven by Vertical AI Stacks and Cloud-Delivered Intelligence
Industry Experts, Inc. today publishes "Global Artificial Intelligence as a Service (AIaaS) Market - Technologies, Models, Applications and Industry Sectors," forecasting the market to expand from US$15.5 billion in 2024 to US$294 billion by 2034 at a CAGR of 34.2%. As per this new global market research report, this surge is driven by the convergence of cloud-native infrastructure with advanced machine learning, the embedding of generative AI across marketing, design and development workflows, and the democratisation of APIs and low-code/no-code platforms that lower adoption barriers for organisations of all sizes. North America remains the largest regional market with a 44.2% share in 2024, underpinned by hyperscaler leadership from AWS, Azure and Google Cloud and early enterprise AI investments. Europe follows, supported by regulatory clarity under the EU AI Act, while Asia-Pacific is the fastest-growing region at a 43.1% CAGR through 2034, driven by governm...