Enterprise AI Market Challenges, Business Strategies, Emerging Technologies and Future Growth Study

Market Highlights

The growing inclination of enterprises towards robust technical assistance for gaining enhanced productivity is likely to promote the global enterprise artificial intelligence market growth, asserts Market Research Future (MRFR). MRFR reveals that the global enterprise artificial intelligence market is expected to expand with a lucrative CAGR of approximately 46% over the evaluation period (2016-2023). MRFR states, the global enterprise artificial intelligence market is poised to attain a valuation of USD 6 million by 2023.

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. 

Segmentation:

On the basis of the solution, the enterprise AI market is segmented into business intelligence, customer management, sales & marketing, finance & operation, digital commerce, and others

On the basis of services, the market is segmented into professional service and managed service. The professional service is further is segmented into integration and deployment service, consulting service, and support & maintenance service.

On the basis of deployment, the market is segmented into cloud deployment and on-premise deployment.

On the basis of industry vertical, the market is segmented into retail, healthcare, Automotive, Aerospace, media & entertainment, banking & financial services, IT & Telecommunication, and others

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and rest of the world.

Regional Outlook

By region, the enterprise artificial intelligence market has been studied across North America, Asia Pacific, Europe, and the Rest of the World (RoW).

North America is to lead in the global enterprise artificial intelligence market. Continuous technical upgradation in North America is likely to surge the regional enterprise artificial intelligence market. Additionally, the residence of technical giants in the region is expected to cast a positive impact on the North American market. The high rate of adoption of artificial intelligence across different industry verticals is anticipated to intensify the enterprise artificial intelligence market growth. The US is expected to contribute significantly to the health of the North American enterprise artificial intelligence market growth. In Europe, the growth of the enterprise artificial intelligence market can be attributed to the increasing demand for supply chain monitoring and predictive maintenance. The Asia Pacific enterprise artificial intelligence market is set to register a lucrative CAGR over the review period. The growing acceptance of latest technologies and the presence of high end-users of AI such as IT & Telecommunication, automobile, and healthcare sectors are factors that are expected to encourage the APAC market growth. 

Key Players

Wipro Technologies (India), Cycorp, Inc (U.S.), SAS Institute (U.S.), Tamr (U.S.), Trifacta (U.S.), CrowdFlower (U.S.), Algolia (U.S.), Petuum (U.S.), Corporation (U.S.), International Business Machines, Microsoft Corporation (U.S.), Dataiku (U.S.), Sapho (U.S.), Anodot Ltd (Israel),  Element AI (Canada), Appier, Inc (Taiwan), Amazon Web Services (U.S.), Wade & Wendy (U.S.), Intel Corporation (U.S.), DataRobot (U.S.), Google, LLC (U.S.), SAP SE (Germany), LeapMind (Japan),  HireVue Inc (U.S.), Sentinent Technologies (U.S.), Zendesk (U.S.), Artifacia (India), Oracle Corporation (U.S.), Hewlett Packard Enterprise (U.S.),and  Arimo (U.S.)

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