Enterprise AI Market Report Overview

The report provides a comprehensive analysis of the current and future Enterprise AI market scenario, including insights and updates on the key sectors. The report also provides an analysis of the demand for Enterprise AI products and services across the world, as well as the manufacturing, income generation, sales, and revenue of the Enterprise AI market. It also provides a fundamental analysis of the Enterprise AI market, including the drivers, opportunities, trends, and restraints that are shaping the market.

The Enterprise AI Market has valued at US$ 6141.5 Mn in 2022. The Global Enterprise AI Market size is estimated to grow at a CAGR of 48.7% over the forecast period.

Enterprise AI Market Report Scope and Research Methodology

A combination of primary and secondary data has been used to gather information about the Enterprise AI market for the report. Primary data is collected through interviews with Enterprise AI industry experts and stakeholders, while secondary data is collected from government agencies, trade associations, and industry publications. It has used a bottom-up approach to estimate the Enterprise AI market size. This approach involves starting with the individual market segments and then aggregating them to arrive at the overall Enterprise AI market size. The report also provides detailed information on the capacity, manufacturing, price, cost, revenue, and market statistics, which helps stakeholders understand the financial performance of the key players in the Enterprise AI industry.

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Enterprise AI Market Regional Insights

The research covers a detailed analysis of the Enterprise AI market size and dynamics in North America (United States, Canada, Mexico), Europe (Germany, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Korea, ASEAN countries, rest of APAC) South America (Brazil, Argentina and Rest of South America) Middle East and Africa (South Africa, Egypt and Rest of MEA).

Enterprise AI Market Segmentation

by Deployment Type

Cloud
On-Premises

the cloud segment dominated the market in 2022 and is expected to provide the maximum revenue during the forecast period for the enterprise artificial intelligence market. Enterprises are quickly transitioning to using the cloud for storage. Because of the increasing trend of adoption among businesses, it is expected that the cloud segment would experience great growth. The growth of on-premise Artificial Intelligence (AI) solutions and services in sectors like manufacturing and production is responsible for the growth of the market segment.

by Industry Vertical

IT and Telecommunication
Retail
Banking
Financial Services and Insurance
Government and Public sector
Healthcare
Media and Entertainment
Manufacturing
Education

the IT & telecom sector is expected to contribute the largest enterprise Artificial Intelligence (AI) market share during the forecast period, as numerous startups have been investing in Artificial Intelligence solutions. The demand for AI technologies in developing economies is fueled by growing urbanization, technological development, and an increase in the demand for cloud applications. One of the biggest users of AI technology in the automotive and transportation sector.

by Technology

Machine Learning
Natural Language Processing
Image Processing
Speech Recognition

the machine learning category led the enterprise AI market and is anticipated to dominate during the forecast period. The image processing segment is expected to increase at the highest rate. During the forecast period, accurate image analysis will be possible because of AI’s image processing technology, which also has the potential to detect dangerous abnormalities and significantly lower false-positive rates. During the forecast period, a greater CAGR is anticipated for the technology segment. Natural Language Processing (NLP) and machine learning applications rely heavily on the enterprise AI market’s services to operate effectively and efficiently

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Enterprise AI Market Key Players

1.IBM (US)
2.AWS (US)
3.Intel (US)
4.Google (US)
5.HPE (US)
6.Oracle (US)
7.Microsoft (US)
8.Sentient Technologies (US)
9.SAP (Germany)
10.Wipro (India)
11.Apple Inc. (US)
12.Alphabet Inc. (US)
13.Verint Systems Inc. (US)
14.MicroStrategy Incorporated (US)

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Key questions answered in the Enterprise AI Market are:

  • What are Enterprise AI market segments?
  • What is the expected Enterprise AI market size by the end of the forecast period?
  • What is the expected CAGR of the Enterprise AI market during the forecast period?
  • What are the emerging trends in the Enterprise AI Market?
  • What are the factors contributing to the final price of Enterprise AI?
  • What are the major challenges that the Enterprise AI Market could face in the future?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors
  • PESTLE Analysis and Porter’s Five Forces Analysis
  • Key Findings
  • Analyst Recommendations

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