Category : ICT | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC2323
Rapid technological advancements in IT sector and increasing R&D activities and focus on adoption of AI by various end use industries in order to enhance the customer experience are major factors expected to drive the growth of global AI consulting services market.
In addition, high benefits associated to integration of AI such as real time assistance, operational assistance, and improving personalized shopping experiences is another important factor expected to augment the growth of AI consulting services market.
Major players are investing high for R&D activities their approach towards enhancing the customer base and increase the revenue share through introduction of innovative products is expected to boost the growth of AI consulting services market.
In 2017, Altran, a global design and engineering company launched cognitive services to enhance customer engagement and brand loyalty in a digital era. This service launch is expected to help the company to enhance the customer base.
In addition, increasing acquisition activities in order to increase the business presence is expected to positively impact the growth of target market.
In 2020, Atos SE an information technology service and consulting company acquired Miner & Kasch. This acquisition is expected to help the company to enhance the deployment of its data science services further increasing the revenue share.
In 2019, Accenture a multinational professional services company acquired Clarity Insights a service provider of machine learning and AI services. This acquisition is expected to help the company is strengthen its product portfolio and increase the revenue share.
AI is gaining attraction among service providers as it provides the opportunity to interact with the customers. It can also effectively helps in catering the customization requirement. Favorable business policies from the government and emergence of mi-size players with innovative solutions are factors expected to support the growth of target market.
Factor such as lack of skilled professionals and concern related to data security are expected to hamper the growth of global AI consulting services market. In addition, availability of advanced infrastructure in order to adopt the enhanced solution is expected to challenge the growth of AI consulting services market.
Increasing government spending on development of IT infrastructure and increasing need for intelligent business applications are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing public private partnership is expected to support the revenue transaction of target market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share in the global AI consulting services market due to availability of advanced and reliable IT infrastructure. In addition, presence of large number of players operating in the country and focus on providing enhanced solution in order to attract new customers are factors expected to boost the growth of regional market.
Increasing acquisition activities by major players in order to enhance the business presence is expected to support the growth of AI consulting services market.
Competitive Landscape
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
|
Market |
Global AI Consulting Services Market |
|
Analysis Period |
2016 – 2027 |
|
Base Year |
2019 |
|
Forecast Data |
2020 – 2027 |
|
Market Stratification |
Service Type, Enterprise Size, Industry Vertical, and Geography |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
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Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
AI Consulting Services Market Segment Analysis, 2019
The global AI consulting services market is segmented into service type, enterprise size, and industry vertical. The service type segment is bifurcated into automation consulting, analytics consulting, digital transformation strategy formulation, and others. Among the service type the digital transformation strategy formulation segment is expected to account for moderate revenue share in the target segment. The enterprise size segment is divided into small- and medium-sized enterprises (SMEs) and large enterprises. Among the enterprise size the large enterprise segment is expected to account for major revenue share in the global market. The industry vertical segment is bifurcated into BFSI, e-commerce, government, healthcare, telecommunication, and others.
The players profiled in the report are IBM, Google, Opex Analytics Inc., Adastra, Chatbots.Studio, Accenture, ADDO AI, Salesforce.com, Centric Consulting, AIBRIDGE, Sofbang LLC, and Eigen Innovations.
Market Segmentation
Market By Service Type
Automation Consulting
Analytics Consulting
Digital Transformation Strategy Formulation
Others
Market By Enterprise Size
Small- and Medium-sized Enterprises (SMEs)
Large Enterprises
Market By Industry Vertical
BFSI
E-commerce
Government
Healthcare
Telecommunication
Others
Market By Region
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
