Market Highlights:
The renewed focus on improving artificial intelligence has increased the need for enterprise artificial intelligence market to a great extent. Focused Market reports connected to the information and communications technology sector among others lately have been made available by Market Research Future which publishes a report on this sector. The market for enterprise artificial intelligence is expected to develop at a favorable pace in the forecast period.
Enterprises hold a prominent market value considering their services and solution created for different functions and business uses. These enterprises largely deploy technologies such as machine learning, deep learning, automated data science, predictive analytics, and automation to provide a solution for different enterprises. The market for enterprise artificial intelligence is expected to experience a high growth rate. One of the major factors contributing to the growth of this market is the growing demand for artificial intelligence based solutions and platforms. Additionally, the growing amount of data sets required to analyze, complex data for with integration of artificial intelligence for better efficiency is driving the market. As artificial intelligence is experiencing more significant adoption rate in the industrial sector, it becomes essential for the enterprises to upgrade their solutions to meet the industrial standards.
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Major Key players
- SAS Institute (U.S.),
- International Business Machines, Corporation (U.S.),
- Microsoft Corporation (U.S.),
- Amazon Web Services (U.S.),
- Intel Corporation (U.S.),
- Google, LLC (U.S.),
- SAP SE (Germany),
- Sentinent Technologies (U.S.),
- Oracle Corporation (U.S.),
- Hewlett Packard Enterprise (U.S.),
- Wipro Technologies (India)
Other vendors include Algolia (U.S.), CrowdFlower (U.S.), DataRobot (U.S.), Element AI (Canada), LeapMind (Japan), Petuum (U.S.), Tamr (U.S.), Trifacta (U.S.), Zendesk (U.S.), HireVue Inc (U.S.), Wade & Wendy (U.S.), Appier, Inc (Taiwan), Sapho (U.S.), Artifacia (India), Dataiku (U.S.), Cycorp, Inc (U.S.), Anodot Ltd (Israel), Arimo (U.S.) among others.
According to MRFR, The Enterprise Artificial Intelligence market is estimated to grow at a CAGR of 46% and Expected to reach industry Size of ~6 Bn during the forecast period 2017-2023
Segmentation:
The industry for enterprise artificial intelligence market consists of segments based on solution, services, deployment, industry vertical and region
The solution segment of the market comprises of business intelligence, customer management, sales & marketing, digital commerce, finance & operation and others. On the basis of services, the industry is segmented into managed service and professional service. The professional service is additionally segmented into consulting service, integration and deployment service and support & maintenance service. The deployment segments the market into on-premise deployment and cloud deployment. The industry vertical segment of the enterprise artificial intelligence market comprises of automotive, aerospace, retail, healthcare, media & entertainment, banking & financial services, IT & Telecommunication among others. The regional segmentation of the market is segmented into Europe, North America, Asia Pacific and rest of the world.
Regional Analysis
The enterprise artificial intelligence industry globally is expected to grow at a substantial rate owing to growing developments in the artificial intelligence domain, and an advanced rate of adoption in many industrial verticals. The geographical analysis of enterprise artificial intelligence industry includes regions like Europe (including Russia), North America, Asia Pacific (including Australia and New Zealand) and rest of the world (including Africa, the Middle East and South America). The industry among these regions is led by the North American region. The North American region has a rich concentration of vendors giving services and solutions for enterprise artificial intelligence for different uses. One of the main factors responsible for growth of enterprise artificial intelligence in the North American region is owing to the early adoption of newer technology. The incorporation of artificial intelligence has spread its influence across different industrial verticals. The United States backs a major share of this growth, particularly in the commercial, IT & Telecom, retail and automotive sector.
The addition of artificial intelligence to traditional industrial solutions is still developing. The businesses are rolling out changes in their solution due to the rising demand for customization from the customer. The North American region holds more than 70% of the prominent players in this market. The European region follows the North American region in this market. As the European region is a technologically advanced region, the increased application of artificial intelligence in predictive maintenance, supply chain monitoring, and automotive are the main factors contributing to the growth of this market. On the other hand, the Asia Pacific region is anticipated to be the fastest developing region in the enterprise artificial intelligence market.
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Intended Audience
- Enterprise AI service providers
- Enterprise AI solution vendors
- Application developers
- System developers and integrators
- Government agencies
- Application end-user
- Research Firms
LIST OF TABLES
Table 1 World Population by Major Regions (2017 To 2030)
Table 2 Global Enterprise Artificial Intelligence Market: By Region, 2017-2023
Table 3 North America Enterprise Artificial Intelligence Market: By Country, 2017-2023
Table 4 Europe Enterprise Artificial Intelligence Market: By Country, 2017-2023
Continued…….
LIST OF FIGURES
FIGURE 1 Global Enterprise Artificial Intelligence market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Enterprise Artificial Intelligence Market
FIGURE 4 Value Chain of Global Enterprise Artificial Intelligence Market
Continued…….
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