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Artificial Intelligence-as-a-Service (AIaaS) Market to Grow by USD 79.8 Billion (2024-2028) Driven by R and D Investments, AI’s Market Impact- Technavio Report

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NEW YORK, Aug. 23, 2024 /PRNewswire/ — The global artificial intelligence-as-a-service (AIaaS) market  size is estimated to grow by USD 79.82 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 58.37%  during the forecast period.  Increasing investment in R and D is driving market growth, with a trend towards increasing integration of aiaas with blockchain. However, data privacy issues  poses a challenge. Key market players include Accenture Plc, Alphabet Inc., Amazon.com Inc., Baidu Inc., Capgemini Service SAS, Cognizant Technology Solutions Corp., Dell Technologies Inc., Fujitsu Ltd., Hitachi Ltd., Huawei Technologies Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., NVIDIA Corp., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., Tencent Holdings Ltd., and Wipro Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Retail and healthcare, BFSI, Telecommunication, Government and defense, and Others), Type (Software and Services), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)

Region Covered

North America, APAC, Europe, Middle East and Africa, and South America

Key companies profiled

Accenture Plc, Alphabet Inc., Amazon.com Inc., Baidu Inc., Capgemini Service SAS, Cognizant Technology Solutions Corp., Dell Technologies Inc., Fujitsu Ltd., Hitachi Ltd., Huawei Technologies Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., NVIDIA Corp., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., Tencent Holdings Ltd., and Wipro Ltd.

Key Market Trends Fueling Growth

Blockchain technology, a decentralized digital ledger, is integrated with Artificial Intelligence-as-a-Service (AIaaS) to enhance transparency and efficiency in business operations. This integration offers several advantages, including real-time tracking, increased security, reduced fraud, automated data flow, and paperwork reduction. It also provides transparency during the movement of products, scalability for quick and easy database access, and improved traceability. These benefits enable enterprises to collaborate with vendors, streamline processes, and reduce costs, driving the growth of the global AIaaS market. 

Artificial Intelligence-as-a-Service (AIaaS) is a trending business solution that offers accessible AI services on a subscription or pay-per-use basis. Virtual assistants and smart monitoring systems are popular applications. AIaaS enables businesses to leverage AI-based infrastructure development without upfront costs or the need for specialized expertise. With the rise of Digital India and the global cloud market, AI services are becoming essential for various industries, including healthcare, BFSI, and manufacturing. AIaaS offers Machine Learning models, Application Programming Interfaces (APIs), and Software Development Kits (SDKs) for developers. It also provides access to high-performance computing and cognitive computing capabilities. AIaaS can help prevent mistakes and pipeline failures by suggesting code improvements. Third-party offerings in AIaaS include customer service chatbots, cybersecurity solutions, and AI models for industries like BFSI. Cloud-based solutions and Blockchain technology are also integrated into AIaaS. Hybrid, public, and private cloud options cater to different business needs. In conclusion, AIaaS is a valuable business tool that offers accessible AI services, technical expertise, and quality data to businesses, enabling them to focus on their core competencies while leveraging the power of AI. 

Discover a Comprehensive 360° Market Analysis: Understand the Impact of AI. For detailed information- Request Sample!

Market Challenges

Artificial Intelligence-as-a-Service (AIaaS) enables businesses to leverage advanced AI solutions for data analysis and future planning. However, data privacy concerns are emerging due to AI’s ability to make autonomous decisions and actions. Companies use data anonymization techniques to prevent data breaches while using AI, but this sensitive data is crucial for AIaaS. Enterprises acquire and analyze customer data to comply with regulations and adapt to changing policies. Strict regulations like the European Union’s General Data Protection Regulation (GDPR) enforce standards for safe data processing, requiring companies to store confidential data in EU-based servers and prohibit automated decision-making without human intervention. These regulations increase data acquisition complexities, potentially limiting AI’s prediction capabilities and negatively impacting the global AIaaS market growth.Artificial Intelligence-as-a-Service (AIaaS) is revolutionizing businesses by providing easy access to AI-based solutions. However, implementing AIaaS comes with challenges. Data encryption is crucial for securing sensitive data in the cloud. Compliance frameworks ensure adherence to industry regulations. Choosing the right algorithms for specific use cases is essential. Pre-trained models offer quick solutions, but customizable models cater to unique business needs. Scalability and flexibility are key for large enterprises. Machine learning and deep learning require significant hardware and software resources. AI talent and cloud computing infrastructure are essential. Cloud providers like Microsoft Azure offer AI services, including predictive analytics, fraud detection, and personalized financial recommendations. Retail, telecommunications, government and defense, manufacturing, energy, and other industries face niche challenges. Disruptive solutions like cloud-based machine learning, multi-cloud functioning, and cloud-based intelligence services address these challenges. Usability and automation capabilities are important for effective implementation. Multi-cloud management strategy ensures seamless functioning of AI solutions. Data security is paramount in this virtuous cycle of innovation, involving startups, cloud providers, and businesses.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This artificial intelligence-as-a-service (aiaas) market report extensively covers market segmentation by

End-user 1.1 Retail and healthcare1.2 BFSI1.3 Telecommunication1.4 Government and defense1.5 OthersType 2.1 Software2.2 ServicesGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Retail and healthcare-  Artificial Intelligence-as-a-Service (AIaaS) is a business solution that allows companies to access AI capabilities without the need for in-house expertise or infrastructure. This cloud-based model offers cost savings, flexibility, and scalability. AIaaS enables businesses to integrate advanced analytics, machine learning, and natural language processing into their operations, enhancing productivity and decision-making processes. It’s a valuable tool for organizations seeking to leverage AI technology without the complexities of building and maintaining their own systems.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

Artificial Intelligence-as-a-Service (AIaaS) is a cloud-based model that offers businesses access to AI technologies and capabilities without the need for in-house expertise or infrastructure. This includes Machine Learning algorithms, Application Programming Interfaces (APIs), and Software Development Kits (SDKs). High-Performance Computing and Blockchain are also integrated into AIaaS for enhanced processing power and security. AIaaS offers customer service chatbots, cybersecurity solutions, and cloud-based intelligence services. Data encryption and compliance frameworks ensure data security and privacy. Pre-trained models and customizable models cater to various business needs. Multi-cloud functioning and multi-cloud management strategies enable automation capabilities and usability. Virtual assistants and AI-based infrastructure development are other applications of AIaaS. In the context of Digital India, AIaaS can drive digital transformation and innovation across industries.

Market Research Overview

Artificial Intelligence-as-a-Service (AIaaS) is a cloud-based model that offers businesses access to AI technologies and capabilities on a subscription or pay-per-use basis. This includes Machine Learning algorithms, Pre-trained models, and Customizable models, delivered through Application Programming Interfaces (APIs) and Software Development Kits (SDKs). AIaaS leverages High-Performance Computing, Blockchain, and Cloud-based solutions for Cognitive computing applications in various industries such as BFSI, Retail, Telecommunications, Government and Defense, Manufacturing, Energy, and Healthcare. AIaaS solutions provide scalability and flexibility, addressing niche industry challenges with Disruptive solutions. Cloud providers like Google Cloud and Microsoft Azure offer AI services, including AI-based infrastructure development, Virtual assistants, and Predictive analytics. AI talent and computational power are essential for developing and deploying AI models, ensuring Data security and compliance with various frameworks. AIaaS also offers Cybersecurity, Natural Language Processing, and Optimization capabilities. The global cloud market continues to grow, with a virtuous cycle of innovation and adoption driving the demand for AI services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userRetail And HealthcareBFSITelecommunicationGovernment And DefenseOthersTypeSoftwareServicesGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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POVADDO LAUNCHES NEW RESEARCH SERVICE GIVING ORGANIZATIONS DIRECT ACCESS TO INSIGHTS FROM PUBLIC POLICY PROFESSIONALS IN THE U.S. AND EUROPE

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The Povaddo Panel Omnibus introduces a new shared-survey format that makes high-quality policy professional insights accessible at a fraction of the cost of a bespoke study

ST. LOUIS, May 3, 2026 /PRNewswire/ — Povaddo, a leading provider of public opinion and policy elite research, today announced the launch of the Povaddo Panel Omnibus — a new research service that gives companies and organizations an efficient, cost-effective way to access public policy professional insights across the United States and Europe. Unlike Povaddo’s custom research offerings, the omnibus format allows multiple organizations to share survey space, significantly reducing cost while maintaining the same access to high-quality insights.

Launched in 2018, the Povaddo Panel was built to meet the growing demand for research insights from individuals who shape, influence, and analyze public policy as part of their daily work. Over the past eight years, the panel has grown to nearly 5,000 public policy professionals worldwide, including more than 2,000 in the United States. Many panelists are former elected officials, including former Members of Congress. Each panelist is individually verified to ensure both authenticity and quality.

The 2026 Povaddo Panel Omnibus schedule includes three waves, with the first launching on June 15. Companies and organizations can field questions among 200 U.S. public policy professionals and/or 200 European public policy professionals, with results delivered within two weeks. Pricing begins at $4,500 for a five-question package among one audience, or $8,000 for both the U.S. and European audiences. Each omnibus package includes:

Question consultation to ensure clarity and effectivenessData collection among the selected audienceTopline results for the total sample and key subgroups

To learn more, reserve space in an upcoming wave, or submit questions, please visit the “Omnibus” section of Povaddo’s website or email omnibus@povaddo.com.

“Companies and organizations that want to understand what public policy professionals think—whether about their brand or an issue they are facing—now have a new and more streamlined way to do so. While organizations have long been able to commission custom research through Povaddo, our new omnibus survey among public policy professionals fills an important need in the research marketplace,” said Brooke Hayes, Executive Vice President of Povaddo, who oversees the Povaddo Panel and the firm’s new omnibus research service.

“The organizations that navigate complex policy environments most successfully are the ones that understand how the policy community thinks. The Povaddo Panel Omnibus makes that kind of insight accessible and actionable for any organization that needs it,” said William Stewart, President and Founder of Povaddo. “What’s more, we know many senior management teams are keen to measure their organizations’ reputation among this elite audience.”

The Povaddo Panel Omnibus launches alongside Povaddo’s most recent thought leadership study, which illustrates the kind of distinctive insights the panel is uniquely positioned to deliver. Povaddo’s 2026 survey of public policy professionals in the U.S. and Europe examines attitudes toward artificial intelligence, including AI regulation, labor market impact, misinformation risk, and the broader existential concerns of the policy community. A high-level summary of select key findings is available on Povaddo’s website, and the complete 38-page report is available for purchase at $500.

About Povaddo: Povaddo specializes in public opinion and policy elite research. Founded in 2009, Povaddo is recognized as a trusted advisor to top-tier organizations that are navigating complex issues management, strategic communications, corporate reputation, and business transformation challenges. Povaddo’s expertise spans external affairs, corporate affairs, public affairs, government affairs, regulatory affairs, scientific affairs, corporate communications, and business planning and strategy. For more information, please visit www.povaddo.com.

Inquiries:

Brooke Hayes
+1 (855) 768-2336
hayes@povaddo.com

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SOURCE POVADDO LLC

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Tianma Highlighting Micro-LED HUD, Ultra-High-Refresh AMOLED, and Glasses-Free 3D Medical Display at Display Week 2026

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Tianma, a leading global manufacturer of flat panel displays, will showcase its latest display innovations at SID Display Week 2026, taking place May 5–7 at the Los Angeles Convention Center. At Booth 805, South Hall, Tianma will highlight three key technology demonstrations spanning automotive, mobile, and medical applications: a Micro-LED head-up display (HUD) designed for extreme brightness and transparency, an ultra-high-refresh-rate AMOLED display engineered for next-generation mobile performance, and a glasses-free 3D medical display enabling real-time 2D/3D visualization.

CHINO, Calif., May 3, 2026 /PRNewswire-PRWeb/ — Tianma, a leading global manufacturer of flat panel displays, will showcase its latest display innovations at SID Display Week 2026, taking place May 5–7 at the Los Angeles Convention Center.

At Booth 805, South Hall, Tianma will highlight three key technology demonstrations spanning automotive, mobile, and medical applications: a Micro-LED head-up display (HUD) designed for extreme brightness and transparency, an ultra-high-refresh-rate AMOLED display engineered for next-generation mobile performance, and a glasses-free 3D medical display enabling real-time 2D/3D visualization.

This year, at the annual Business Conference on Monday, May 4, Tianma’s Jun Chen, Ph.D., Senior Manager, Automotive Market Development, will be a featured panelist during the Automotive Forum. In addition, Tianma has entered several new cutting-edge products and technologies into SID’s annual People’s Choice Awards competition, honoring the best products at Display Week.

KEY TECHNOLOGY HIGHLIGHTS

Micro-LED IRIS HUD for Next-Generation Automotive Displays

Tianma’s 12-inch Micro-LED IRIS HUD is engineered to address one of the most critical challenges in automotive display design: maintaining visibility under all lighting conditions without compromising driver awareness.

Delivering peak brightness exceeding 120,000 nits, the display remains clearly visible even in direct sunlight. Its Micro-LED architecture enables an ultra-thin optical engine (approximately 2 mm), while a transparent front-window design eliminates the need for black masking layers — preserving the driver’s field of view and supporting more advanced, integrated cockpit designs.

Ultra-High-Refresh AMOLED for Next-Generation Mobile Performance

In mobile display technology, Tianma will showcase a 6.32-inch AMOLED display with a 240Hz refresh rate, designed to overcome the traditional trade-offs between speed and image accuracy. The display incorporates a dual-track pixel driving architecture, separating data writing and threshold compensation to maintain stable, precise pixel control at high refresh rates. This approach significantly reduces motion artifacts while preserving low-gray detail, enabling smoother visuals and improved image stability for high-performance mobile applications.

Glasses-Free 3D Medical Display with Multi-Region 2D/3D Switching

For advanced professional applications, Tianma will present a 27-inch 4K medical-grade glasses-free 3D display, introducing multi-region 2D/3D switching capabilities. Unlike conventional systems limited to full-screen 3D, this display enables simultaneous presentation of 2D and 3D content, with seamless, real-time switching between modes. The system integrates low-latency eye tracking and real-time rendering, making it well suited for medical environments where precision, flexibility, and sterile operation are critical.

BROAD PORTFOLIO OF DISPLAY INNOVATIONS

In addition to these featured technologies, Tianma will present a wide range of display solutions across automotive, consumer, and professional applications.

In automotive, Tianma will showcase a transparent Micro-LED tiling display with over 60% transparency and a scalable, modular design, along with a 43.7-inch ultra-wide IRIS HUD featuring high brightness and curved integration for immersive cockpit environments.

In consumer electronics, Tianma will highlight its latest AMOLED innovations, including SLOD and U11 architectures designed to improve efficiency, brightness, and device lifetime, as well as a foldable AMOLED prototype engineered to reduce crease visibility and improve durability.

For IT applications, Tianma will demonstrate a 27-inch QHD Oxide TFT LCD with a native 610Hz refresh rate, setting a new benchmark for ultra-high-frame-rate displays.

In professional and industrial applications, Tianma will also feature an adaptive refresh Oxide display (20–144Hz) designed to balance high performance with power efficiency.

Advancing Display Innovation Across Applications

Together, these demonstrations reflect Tianma’s continued investment in Micro-LED, AMOLED, and advanced LCD technologies, enabling new levels of performance, efficiency, and integration across automotive, consumer, and professional markets. More information about the innovative new display solutions being displayed by Tianma is available at Booth 805 at Display Week and in the Tianma press kits, accessible online at usa.tianma.com/press Visit usa.tianma.com for more details.

About Tianma America, Inc.

Tianma America delivers advanced display solutions for the Americas, leveraging the global resources and innovation of the Tianma Group. Our expertise spans small to medium-size displays for a wide range of applications, including automotive, industrial, medical, consumer electronics, and emerging technologies.

As part of the Tianma Group, we combine world-class R&D with manufacturing capabilities across China and Japan to offer cutting-edge technologies such as TFT, LTPS, Oxide-TFT, AMOLED, flexible and transparent displays, and integrated touch solutions.

Through a strong network of distributors and partners, Tianma America provides complete display module solutions that meet the highest standards of quality and performance.

Specifications and pricing are subject to change without notice.

Media Contact

Dale Maunu, Tianma America, Inc., 1 408-313-5642, Dale.Maunu@Tianma.com, usa.tianma.com

Bill Maurer, Macrovision, 1 215-327-8109, bill@macrovis.com, macrovision.com

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SOURCE Tianma America, Inc.

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FranklinWH Introduces Enhanced 15 kWh aPower in Australia and New Zealand

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Expansion comes as policy shifts and rising power costs accelerate demand for residential energy storage

SYDNEY, May 4, 2026 /PRNewswire/ — FranklinWH, a leading provider of whole-home energy management and battery storage solutions, today announced the launch of its enhanced 15 kWh aPower battery in Australia and New Zealand, as demand for residential energy storage continues to grow, driven by evolving policy settings and increasing interest in energy independence.

The updated aPower builds on the company’s established platform, increasing usable capacity from 13.6 kWh to 15 kWh and raising warrantied throughput from 43 MWh to 60 MWh, an increase of 40 percent. These updates deliver more usable energy over the life of the system while maintaining the same footprint and price.

“The energy landscape is shifting quickly, and more homeowners are thinking beyond the upfront specs to what really pays off over time,” said Steve Ruskin, General Manager of FranklinWH Australia. “This upgrade is about delivering more performance over the life of the system, more usable energy, greater throughput, while staying true to our ‘buy once, buy right’ philosophy.”

The increase in warrantied throughput translates into savings for homeowners. Based on typical usage patterns and an electricity rate of A$0.35 per kilowatt-hour, the additional throughput may represent up to approximately A$5,950 in value over the lifetime of the system. The increase in usable capacity also improves energy density, lowering the effective cost per kilowatt-hour and supporting more efficient use of stored energy.

The 15 kWh configuration also aligns with current and upcoming policy frameworks benefitting residential battery adoption. This includes the updated Cheaper Home Batteries Program, with changes coming into effect for Australian homeowners from 1 May, 2026, helping households maximise value as incentives continue to evolve.

As the residential battery market expands, FranklinWH continues to focus on reliability and system performance. The aPower incorporates design elements to support durability, including structural reinforcement to reduce cell stress over time, per-cell temperature monitoring, and the separation of the battery pack and control systems to maintain reliable performance.

“We believe performance should be measured over years, not just at installation,” Ruskin added. “We focus on building systems that deliver consistent, reliable results over time. That long-term perspective is what ultimately defines value for homeowners.”

The aPower is designed to operate as part of the FranklinWH System, an integrated home energy management platform that coordinates energy generation, storage, and consumption. The system is designed to optimise multiple energy inputs, provide reliable backup power, and support more efficient and independent energy use at the household level.

About FranklinWH

FranklinWH Energy Storage is the manufacturer of the FranklinWH System. FranklinWH is a market-oriented, research-driven company focused on next-generation residential energy management and storage solutions. Located in Macquarie Park, Sydney with a global head office in the San Francisco Bay Area, FranklinWH’s team has decades of experience in energy systems, from design, through manufacturing, to sales and installation. FranklinWH is AVL-listed with multiple financial institutions.

Contact: Media@franklinwh.com

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SOURCE FranklinWH Australia Pty Ltd

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