Enterprise AI Market worth US$ 987.30 Mn by 2029.


Posted August 2, 2023 by pujammr

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 Overview:

The Enterprise AI Market study may be tailored to incorporate pricing trend analysis of target brands, Market knowledge for additional countries (ask for a list of countries), clinical trial outcomes data, literature research, refurbished Market and product base analysis, and more. Target rival Market analysis can range from technology-based study to Market portfolio strategies. We can add as many rivals as you need data on in the format and data type you like. Our analysts can also supply you with data in raw raw excel files pivot tables or help you create presentations using the data sets included in the report.

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Enterprise AI Market: Tasks that naturally require human assistance and involvement, such speech recognition, decision-making, visual perception, and language translation, can be created and carried out by computer systems with the help of artificial intelligence (AI). Artificial intelligence (AI) may signify different things to different people depending on their perspective.

Segmentation:

by Deployment Type
Cloud
On-Premises

The cloud segment, which dominated the market in 2022 based on deployment type, is anticipated to provide the most revenue for the enterprise artificial intelligence market throughout the projected period. Businesses are quickly making the switch to cloud storage. It is anticipated that the cloud segment would expand significantly due to the growing trend of business adoption. The market segment is expanding as a result of the expansion of on-premise Artificial Intelligence (AI) solutions and services in industries like production and manufacturing.

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

Because so many startups have been investing in artificial intelligence solutions, the IT & telecom industry is anticipated to contribute the biggest enterprise Artificial Intelligence (AI) market share during the projection period. Growing urbanisation, technological advancement, and an increase in the demand for cloud applications are driving the demand for AI technology in developing nations. one of the industries using AI technology most extensively is the automobile and transportation industry. Artificial intelligence has made it possible for this business to grow extremely quickly because of the rising consumer demand for linked and smart cars. For instance, businesses like Tesla and Morris Garages (MG) have already developed connected and smart cars. With more than 50 integrated features,

by Technology
Machine Learning
Natural Language Processing
Image Processing
Speech Recognition

The enterprise AI market was technologically driven by the machine learning category, which is expected to continue to lead during the projected period. The segment involved in image processing is anticipated to grow at the fastest rate. Accurate picture analysis will be achievable over the projected period thanks to AI's image processing technology, which also has the potential to find harmful abnormalities and drastically reduce false-positive rates. A higher CAGR is projected for the technology section throughout the course of the forecast period. Machine learning and Natural Language Processing (NLP) applications rely largely on enterprise AI market services to function properly and successfully.
To properly integrate AI technology with business modules and the current working environment, services are required. The technology market's NLP segment is predicted to grow .

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Key Players:

The Market competitive landscape Enterprise AI gives information by competitor. Business overview, financials, revenue produced, Market potential, investment in RD, new Market efforts, worldwide presence, production sites and facilities, production capacity, company strengths and weaknesses, product launch, product width and breadth, application domination are all mentioned. The data points presented above are only linked to the firms' concentration on the Enterprise AI sector. These are the main 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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Regional Analysis:

The country portion of the Enterprise AI Market study additionally includes individual Market affecting elements and changes in legislation in the Market that affect present and future Market trends. Consumption volumes, production sites and volumes, import export analysis, price trend analysis, raw material costs, and downstream and upstream value chain analysis are some of the primary indicators utilised to anticipate the Market situation for particular nations. While providing forecast analysis of the nation data, the existence and availability of global brands, as well as the obstacles they face due to significant or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade routes, are also taken into account.

COVID-19 Impact Analysis on Enterprise AI Market:

A detailed study of Covid-19 impacts the Enterprise AI Market is provided in the report.
The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Enterprise AI Market segments.

Key Questions answered in the Enterprise AI Market Report are:

At what growth rate is the Enterprise AI Market evolving?
Who are the major Market giants operating in the global Enterprise AI Market?
Which application segment of the Enterprise AI Market is observing the fastest growth?
What is the primary driving factor of the global Enterprise AI Market?
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Categories Business , Technology
Tags enterprise ai market , enterprise ai market trends , enterprise ai market growth
Last Updated August 2, 2023