Enterprise AI Market Worth US $6 Billion by 2023 at 46% CAGR | Industry Forecast by Solution, Service, Deployment, Industry Verticals

Enterprise AI Market
Global Enterprise Artificial Intelligence Market: Solution (Business Intelligence, Customer Management, Sales & Marketing), Service (Professional, Managed), Deployment, Industry Vertical (Retail, Healthcare, Automotive, Aerospace) – Forecast till 2023

Market Highlights

The rate of changes in the industrial technology is largely driven by the inception of artificial intelligence. Artificial intelligence is not considered as a single entity but an amalgamation of a different set of technologies and building blocks that create the base for various industrial solutions. The market for Enterprise Artificial Intelligence is expected to experience a high growth rate. The growing amount of data sets requiring to analyze, complex data for with integration of artificial intelligence for better efficiency.

 

Key players

Some of the major players in global Enterprise AI Market include 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) among others

 

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.

 

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Regional Analysis

On the basis of geography, the market is studied for North America, Europe, Asia Pacific and rest of the world. Among all the regions, the market is dominated by North America due to the higher adoption rate of technology and a rich concentration of vendors providing services and solutions for Enterprise Artificial Intelligence for different applications. The United States is responsible for a major portion of the market growth, is due to early adoption of newer technology. The region grasps more than 70% of the prominent players providing services in this market. Europe closely follows North America in this market. Europe is expected to reach its maturity in Enterprise Artificial Intelligence market by 2026. Europe is a technologically advanced region, and the factor contributing to the growth of this market is the increased application of artificial intelligence in predictive maintenance, supply chain monitoring, and automotive.

 

On the other hand, Asia Pacific is expected to show a decent growth considering developments in Enterprise Artificial Intelligence market. India is advanced in software development and solutions. Various start-ups are building their base in artificial intelligence technology providing services and solutions to different industries.

 

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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

 

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