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48.7% Growth Rate for Enterprise AI Market by 2022 | Overview, Top Technologies, Key Insights and Company Profiles

02-29-2020 10:37 AM CET | IT, New Media & Software

Press release from: ReportsandReports

48.7% Growth Rate for Enterprise AI Market by 2022 | Overview, Top

According to Market Study Report, Enterprise AI Market provides a comprehensive analysis of the Enterprise AI Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Enterprise AI Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Enterprise Artificial Intelligence (AI) Market to grow from US$ 845.4 Million in 2017 to US$ 6,141.5 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 48.7% during the forecast period. This report spread across 139 Pages, Profiling 10 Companies and Supported with 71 Tables and 48 figures are now available in this research.

Top Companies profiled in the Enterprise AI Market:
o IBM (US)
o Microsoft (US)
o AWS (US)
o Intel (US)
o Google (US)
o SAP (Germany)
o Sentient Technologies (US)
o Oracle (US)
o HPE (US)
o Wipro (India)

"The cloud deployment type is expected to have the larger market share during the forecast period"
In the enterprise AI market, the cloud deployment type offers multiple benefits, such as reduced operational and maintenance costs, fewer complexities, and more scalability. The enterprise AI providers are focusing on the deployment of robust cloud-based solutions for their clients, as many organizations have started adopting the cloud-based deployment type. Additionally, the cloud deployment type is user-friendly, cost-effective, and easy to access.

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"The machine learning and deep learning technology is expected to have the larger market size during the forecast period"
The enterprise AI market by technology is subsegmented into machine learning and deep learning, and Natural Language Processing (NLP). Among these, the machine learning and deep learning segment is expected to have the larger market size during the forecast period.
North America is expected to have the largest market size in the enterprise AI market during the forecast period.

Among regions, North America is expected to have the largest market size in the enterprise AI market during the forecast period. The North American region has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. A considerable growth is expected in the region during the forecast period. The major initiatives taken for the growth of the enterprise AI technology have their origin in this region.

Competitive Landscape of Enterprise AI Market:
1 Overview
2 Key Players in the Enterprise Artificial Intelligence Market
3 Competitive Scenario
3.1 New Product Launches
3.2 Agreements, Partnerships, and Collaborations
3.3 Mergers and Acquisitions

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Report Coverage:
The enterprise AI market has been segmented on the basis of components, technologies, services, application areas, deployment type, organization sizes, industries, and regions. The components segment is further segmented into solution and services. The services segment includes professional services and managed services. The technology segment of the enterprise AI market includes machine learning and deep learning, and NLP. The application area segment includes security and risk management, marketing management, customer support and experience, human resource and recruitment management, analytics application, and process automation.

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