LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET 2019-2027

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LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET 2019-2027

Latin America Artificial Intelligence As A Service Market 2019-2027

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The Artificial Intelligence as a Service market in Latin America has been projected to depict growth in terms of revenue and expand at a CAGR of 36.92% during the forecast years 2019-2027, according to a report by Triton Market Research.

The countries that have been included in the Latin America report on the AIaaS market are:

•           Brazil

•           Mexico

•           Rest of Latin America

The Latin America region consists of three major developing economies in the world. Over the past 15 years, Latin American economies have, on an average, grown faster than those of developed regions but still lagged behind the growth of other developing economies. But of late, countries in Latin America have become more adaptive to the technology evolution. New-age technologies such as artificial intelligence are becoming popular in these countries. Both government and private organizations in Latin America have started using these technologies. The nations are becoming increasingly tech-savvy. The number of people using technology on a day-to-day basis is increasing.

Brazil is a major developing country in Latin America. The country is encouraging the use of artificial intelligence. The private sector companies working on this technology are considering Brazil as an opportunity for doing business. This has made them launch different services which will be useful to varied sectors in the region. The banking & finance sector has started using AI which will make them identify the behavior of their customers. AI is also used for identifying the future transaction patterns and unusual activity in banking systems. The private companies which are making efforts to grow this market in Brazil are acting as drivers for this market.

Latin America consists of many other countries which trying to keep up with the pace of the advanced world. These countries are welcoming the AI technology with a motive to use them for welfare and create their presence in the world. In Argentina, apart from the financial and Information Technology sector, AI is being used in the agricultural sector as well. The future prediction about soybean growth and production are traced by the use of artificial intelligence in the country. According to a research, artificial intelligence could be the solution to this region’s long-term low economic productivity and problems, not just in Latin America but also all across the globe. Following that, many new startups which are offering AI as a service are being started in Chile and Argentina. Governments in Latin America are also making policies that will encourage the investment in AI in the corresponding countries. All of these together are acting as driving factors for the Latin American Market which provides AI as a Service.

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Table of Content

1.    ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1. IT & TELECOM IS THE LARGEST SEGMENT BY INDUSTRY VERTICALS

2.2.2. AI CAUSING DISRUPTIONS IN VARIOUS INDUSTRIES

2.2.3. HARDWARE ARCHITECTURE PLAYS A CRUCIAL ROLE FOR CLOUD COMPUTING

2.3. EVOLUTION & TRANSITION OF ARTIFICIAL INTELLIGENCE AS A SERVICE

2.4. PORTER’S FIVE FORCES MODEL

2.4.1. THREAT OF NEW ENTRANTS

2.4.2. THREAT OF SUBSTITUTE

2.4.3. BARGAINING POWER OF SUPPLIERS

2.4.4. BARGAINING POWER OF BUYERS

2.4.5. INTENSITY OF COMPETITIVE RIVALRY

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. MARKET DRIVERS

2.7.1. COST AND TECHNOLOGICAL ADVANTAGES OF AIAAS

2.7.2. RISING CLOUD COMPUTING MARKET

2.8. MARKET RESTRAINTS

2.8.1. LACK OF AWARENESS

2.8.2. AI INTELLIGENCE PROFESSIONAL SHORTAGE

2.9. MARKET OPPORTUNITIES

2.9.1. UNCHARTED MARKETS FOR ARTIFICIAL INTELLIGENCE

2.9.2. ANALYTICAL SOLUTIONS SHOW GROWING TRENDS

2.9.3. GROWING APPLICATION AREAS

2.10.            MARKET CHALLENGES

2.10.1. DATA PRIVACY ISSUES

2.10.2. LACK OF COMPUTING POWER

3.    ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET OUTLOOK - BY INDUSTRY VERTICALS

3.1. BFSI

3.2. IT & TELECOM

3.3. RETAIL

3.4. MANUFACTURING

3.5. PUBLIC SECTOR

3.6. ENERGY UTILITIES

3.7. HEALTHCARE

3.8. OTHERS

4.    ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET OUTLOOK - BY TECHNOLOGY

4.1. MACHINE LEARNING

4.2. COMPUTER VISION

4.3. NATURAL LANGUAGE PROCESSING

4.4. OTHER

5.    ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET OUTLOOK - BY ORGANIZATION SIZE

5.1. SMALL & MEDIUM ENTERPRISE

5.2. LARGE ENTERPRISE

6.    ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET - REGIONAL OUTLOOK

6.1. LATIN AMERICA

6.1.1. BRAZIL

6.1.2. MEXICO

6.1.3. REST OF LATIN AMERICA

7.    COMPETITIVE LANDSCAPE

7.1. ABSOLUTDATA

7.2. ALPHABET, INC. (GOOGLE LLC)

7.3. AMAZON

7.4. APPLE, INC.

7.5. BIGML

7.6. CENTURYSOFT

7.7. COGNITIVESCALE, INC.

7.8. DATAROBOT, INC.

7.9. FAIR ISAAC CORPORATION

7.10. FUZZY.AI 

7.11. H2O.AI

7.12. INTEL

7.13. INTERNATIONAL BUSINESS MACHINES

7.14. MICROSOFT CORPORATION

7.15. SALESFORCE

7.16. SAP SE

7.17. SAS

7.18. VITAL AI

7.19. YOTTAMINE ANALYTICS

8.    RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.1.1. OBJECTIVES OF STUDY

8.2. SOURCES OF DATA

8.2.1. PRIMARY DATA SOURCES

8.2.2. SECONDARY DATA SOURCES

8.3. RESEARCH METHODOLOGY

8.3.1. EVALUATION OF PROPOSED MARKET

8.3.2. IDENTIFICATION OF DATA SOURCES

8.3.3. ASSESSMENT OF MARKET DETERMINANTS

8.3.4. DATA COLLECTION

8.3.5. DATA VALIDATION & ANALYSIS

List of Tables

TABLE 1:       LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2:       VENDOR SCORECARD

TABLE 3:       LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 4:       LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)

TABLE 5:       LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)

TABLE 6:       LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1:     MARKET ATTRACTIVENESS INDEX

FIGURE 2:     LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY BFSI, 2019-2027 (IN $ MILLION)

FIGURE 3:     LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY IT & TELECOM, 2019-2027 (IN $ MILLION)

FIGURE 4:     LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)

FIGURE 5:     LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)

FIGURE 6:     LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY PUBLIC SECTOR, 2019-2027 (IN $ MILLION)

FIGURE 7:     LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY ENERGY UTILITIES, 2019-2027 (IN $ MILLION)

FIGURE 8:     LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

FIGURE 9:     LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 10:  LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY MACHINE LEARNING, 2019-2027 (IN $ MILLION)

FIGURE 11:  LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY COMPUTER VISION, 2019-2027 (IN $ MILLION)

FIGURE 12:  LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY NATURAL LANGUAGE PROCESSING, 2019-2027 (IN $ MILLION)

FIGURE 13:  LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY OTHER, 2019-2027 (IN $ MILLION)

FIGURE 14:  LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY SMALL & MEDIUM ENTERPRISE, 2019-2027 (IN $ MILLION)

FIGURE 15:  LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY LARGE ENTERPRISE, 2019-2027 (IN $ MILLION)

FIGURE 16:  LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 17:  LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18:  BRAZIL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19:  MEXICO ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20:  REST OF LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

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