Enterprise Artificial Intelligence Market 2023 - Size, Future Trends, Key Growth Drivers, Share Analysis And Forecast To 2032
Enterprise Artificial Intelligence Market Size, Growth Rate, And Forecast
The global enterprise artificial intelligence market size grew from $10.44 billion in 2022 to $14.74 billion in 2023, at a compound annual growth rate (CAGR) of 41.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The enterprise artificial intelligence market size is expected to grow to $58.25 billion in 2027 at a CAGR of 41.0%.
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Enterprise Artificial Intelligence Market Drivers
The increasing adoption of AI is expected to propel the growth of the enterprise artificial intelligence market going forward. Artificial intelligence refers to the simulation of human intelligence processes by machines, especially computer systems for analysing enormous volumes of data. Adopting AI improves the efficiency with which things are done and dramatically improves the decision-making process in enterprises of various sizes.
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Enterprise Artificial Intelligence Market Segments
1) By Component: Solution, Service
2) By Technology: Machine Learning, Natural Language Processing (NLP), Image Processing, Speech Recognition
3) By Deployment Type: Cloud, On-Premise
4) By Application: Security and Risk Management, Marketing Management, Customer Support and Experience, Human Resource and Recruitment Management, Analytics Application, Process Automation
5) By Industry: Retail, Healthcare, Automotive, Banking and Financial Services, Media and Entertainment, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the enterprise artificial intelligence market.
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Enterprise Artificial Intelligence Market Key Players
Major competitors in the enterprise artificial intelligence market include International Business Machines, Wipro Technologies, Amazon Web Services, Intel Corporation, Google LLC, SAP SE.
The Business Research Company's "Global Enterprise Artificial Intelligence Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Enterprise Artificial Intelligence Market Include:
1. Executive Summary
2. Enterprise Artificial Intelligence Market Characteristics
3. Enterprise Artificial Intelligence Market Trends And Strategies
4. Enterprise Artificial Intelligence Market - Macro Economic Scenario
5. Enterprise Artificial Intelligence Market Size And Growth
26. Africa Enterprise Artificial Intelligence Market
27. Enterprise Artificial Intelligence Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Enterprise Artificial Intelligence Market
29. Enterprise Artificial Intelligence Market Future Outlook and Potential Analysis
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