AI Open Platform Market Trends and Forecast
The future of the global AI open platform market looks promising with opportunities in the security, education, manufacture, financial, and medical treatment markets. The global AI open platform market is expected to grow with a CAGR of 25.4% from 2024 to 2030. The major drivers for this market are rising demand for scalable AI solutions and growing adoption of open-source AI tools.
• Lucintel forecasts that application platform is expected to witness the highest growth over the forecast period.
• Within this market, security is expected to witness the highest growth.
• North America is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Open Platform Market
• United States: In the U.S., companies like Google, Amazon, and Microsoft continue to lead in AI platform development. GoogleÄX%$%Xs AI Platform advancements include improved machine learning tools and expanded integration with Google Cloud services. AmazonÄX%$%Xs AWS offers enhanced AI services through Amazon SageMaker, focusing on making machine learning more accessible to developers. Microsoft AzureÄX%$%Xs AI initiatives, such as Azure Machine Learning and Cognitive Services, aim to empower businesses with scalable AI solutions. These efforts align with the U.S. governmentÄX%$%Xs AI strategy to maintain global leadership in artificial intelligence.
• India: In India, companies like Infosys and Wipro are investing in AI platforms to enhance their service offerings and operational efficiencies. Infosys recently announced AI-powered solutions for various industries, aiming to leverage data-driven insights for business transformation. The Indian governmentÄX%$%Xs AI initiatives include the National AI Portal to promote AI research, development, and adoption across sectors.
• China: ChinaÄX%$%Xs tech giants like Baidu, Alibaba, and Tencent are leading AI platform development with initiatives in autonomous vehicles, smart cities, and healthcare. BaiduÄX%$%Xs AI Cloud platform focuses on AI training and deployment services, while AlibabaÄX%$%Xs AI initiatives include integrating AI with e-commerce and financial services. Tencent emphasizes AI research and development for social applications. The Chinese government aims to become a global AI leader by 2030, with strategic investments in AI infrastructure and talent development.
• Germany: In Germany, companies like SAP and Siemens are advancing AI platforms for industrial automation and enterprise solutions. SAPÄX%$%Xs AI initiatives include integrating AI into its business applications to enhance productivity and decision-making. Siemens focuses on AI-driven innovation in manufacturing and energy sectors. The German government promotes AI development through initiatives like the German AI Strategy, aiming to strengthen AI research, innovation, and ethical standards
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Open Platform Market by Segment
The study includes a forecast for the global AI open platform market by type, application, and region.
AI Open Platform Market by Type [Value from 2018 to 2030]:
• Application Platform
• Technology Platform
• Development Platform
AI Open Platform Market by Application [Value from 2018 to 2030]:
• Security
• Education
• Manufacture
• Financial
• Medical Treatment
• Others
AI Open Platform Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Open Platform Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI open platform companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI open platform companies profiled in this report include-
• Google
• Salesforce
• IBM
• Intel
• Amazon Web Services
• HPE
• Ayasdi
Recent Development in the AI Open Platform Market
• Google Cloud AI Platform: Google Cloud: Continues to enhance its AI Platform with advanced machine learning capabilities, such as AutoML and AI Hub, to empower developers and enterprises in building and deploying AI models efficiently.
• Amazon Web Services (AWS) AI Services:AWS: Expanding its AI services portfolio with tools like Amazon SageMaker, which enables developers to build, train, and deploy machine learning models at scale. AWS also focuses on integrating AI with its cloud infrastructure to provide robust AI solutions.
• Microsoft Azure AI Platform: Microsoft: Developing Azure AI Platform with a comprehensive set of tools, including Azure Machine Learning and Cognitive Services, to facilitate AI development and deployment. They emphasize integration with Azure cloud services for seamless AI-powered applications.
• IBM Watson AI Platform: IBM: Continues to evolve its Watson AI Platform, offering AI-powered solutions across various industries, including healthcare, finance, and retail. IBM emphasizes the use of Watson for enterprise AI applications and cognitive computing.
Features of the Global AI Open Platform Market
Market Size Estimates: AI open platform market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI open platform market size by type, application, and region in terms of value ($B).
Regional Analysis: AI open platform market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI open platform market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI open platform market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI open platform market?
Answer: The global AI open platform market is expected to grow with a CAGR of 25.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI open platform market?
Answer: The major drivers for this market are rising demand for scalable AI solutions and growing adoption of open-source AI tools.
Q3. What are the major segments for AI open platform market?
Answer: The future of the AI open platform market looks promising with opportunities in the security, education, manufacture, financial, and medical treatment markets.
Q4. Who are the key AI open platform market companies?
Answer: Some of the key AI open platform companies are as follows:
• Google
• Salesforce
• IBM
• Intel
• Amazon Web Services
• HPE
• Ayasdi
Q5. Which AI open platform market segment will be the largest in future?
Answer: Lucintel forecasts that application platform is expected to witness the highest growth over the forecast period.
Q6. In AI open platform market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI open platform market by type (application platform, technology platform, and development platform), application (security, education, manufacture, financial, medical treatment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Open Platform Market Market, AI Open Platform Market Market Size, AI Open Platform Market Market Growth, AI Open Platform Market Market Analysis, AI Open Platform Market Market Report, AI Open Platform Market Market Share, AI Open Platform Market Market Trends, AI Open Platform Market Market Forecast, AI Open Platform Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.