Enterprise AI Market Trends, Share, Growth, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2029
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:
This study's objective is to present a thorough market segmentation by geographic regions and product types, as well as an overview of the Enterprise AI industry. The analysis includes major information on market positions of the top Enterprise AI organizations as well as significant industry trends and opportunities.
The study also includes information on the major players in the global Enterprise AI Market, such as company biographies, product images and specifications, production capacity, pricing, cost, and contact information. This study examines the entire Enterprise AI Market Size from a global perspective and makes predictions about future trends based on past data.
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COVID-19 Impact Analysis on Enterprise AI Market:
The COVID-19 outbreak has caused substantial changes in consumer behavior across many areas of society. On the other hand, industries will need to modify their strategies to account for changing market supply. This report offers an overview of COVID-19's impact on the market and will help you build your business in accordance with the new industry standards. The results are verified through reviews and market leaders. The secondary research and analysis of the same are done using both paid and unpaid databases. Consumption in each nation by kind and supply by each player are sourced from legitimate government databases, paid databases, and, in the case of listed firms, company annual reports.
Enterprise AI Market Scope:
Aftermarket engineering undertook thorough primary research that included data triangulation, market breakdown, estimates, computations of market statistics, and calculations of market size in order to gather information, validate important figures, and verify the findings. To calculate percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. Based on the stated market size's acceptance or usage in the relevant region, the global markets and their sub-segments are segmented by country. Numerous market and industry-related topics are highlighted in the research. New product launches, business expansions, partnerships, joint ventures, and acquisitions are a few examples of marketing techniques. Additionally, the key components of the market research that clearly focus on the industry landscape have all been taken into consideration when structuring this study.
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Segmentation Analysis:
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.
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.
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.
Key Competitors:
The industry placed a strong emphasis on alliances, purchases, and collaborations as inorganic growth tactics. The Enterprise AI Market's potential for future rapid growth means that industry participants should benefit from it. The businesses listed below make up the global Enterprise AI Market.
• IBM (US)
• AWS (US)
• Intel (US)
• Google (US)
• HPE (US)
• Oracle (US)
• Microsoft (US)
• Sentient Technologies (US)
• SAP (Germany)
• Wipro (India)
• Apple Inc. (US)
• Alphabet Inc. (US)
• Verint Systems Inc. (US)
• MicroStrategy Incorporated (US)
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Regional Analysis:
After examining the political, economic, social, and technological aspects influencing the Enterprise AI Market in each of these regions, the report also includes extensive PESTLE assessments for each of the five regions—North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
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