How Big Will AI be for Cloud Computing as a Service Suppliers?

Virtually every firm that studies the impact of artificial intelligence on “computing as a service” providers seems to believe the impact on revenue growth will be substantial. 

As always, methodology matters. Studies may vary in their expectations for the shift from private to public cloud computing, the role and significance of edge computing and estimates of AI model building and inference generation enterprises will conduct on public cloud facilities. 

Study Name	Publishing Venue	Date of Forecast	Growth Prediction
AI in Cloud Computing: A Growth Engine for CaaS	Forrester Research	2023-10-26	25-30% CAGR (2024-2030)
The AI Revolution in Cloud Services	McKinsey & Company	2023-07-12	30-40% CAGR (2024-2029)
Global CaaS Market: AI-Powered Growth and Innovation	IDC	2023-06-01	20-25% CAGR (2024-2030)
Gartner Hype Cycle for Emerging Technologies 2023	Gartner, Inc.	August 2023	AI-powered CaaS expected to reach mainstream adoption within 2-5 years, driving significant revenue growth.
Accenture Technology Vision 2023: The AI Advantage	Accenture	October 2023	AI-powered CaaS platforms to become integral to business operations, leading to a 15-20% rise in CaaS market share by 2030.
Bain & Company: Artificial Intelligence 2023: The State of AI in Business	Bain & Company	September 2023	AI-powered CaaS expected to unlock $500 billion in cost savings and $1 trillion in new revenue opportunities by 2030.
Deloitte Insights: The AI Imperative: Harnessing the Power of Artificial Intelligence	Deloitte Consulting	May 2023	AI-driven CaaS to create a $5 trillion market by 2030, with significant growth in areas like intelligent edge computing and machine learning-powered optimization.
Bank of America Global Technology Research: AI in the Cloud: A New Era of Computing	Bank of America	October 2023	AI-driven CaaS expected to be a key driver of cloud service adoption, contributing to a 25% CAGR for the cloud computing market between 2024-2030.