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Enterprise Artificial Intelligence (AI) Market Next Big Thing | Prominent Companies - SAP, Verint, and Wipro Limited
Enterprise Artificial Intelligence (AI) Market
Enterprise AI market size in Asia-Pacific, the market is projected to generate highest growth rate during the forecast period, owing to increase in adoption and investment in AI technologies by large and mid-size enterprises.
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Artificial intelligence (AI) has huge potential to transform any industry due to which not only enterprises but various government entities are also aggressively investing in this technology. Despite the availability of some of the technologies for decades, advancements in computing power and new algorithmic developments are making AI technologies more attractive for new entrants in the enterprise AI market. Moreover, enterprises are implementing advanced analytics technologies for numerous reasons, such as better understanding behaviors, gaining competitive advantage, and improving operational efficiency. On the contrary, some of the enterprises are using artificial intelligence (AI) technology for customer behavior analysis and detecting frauds & risks; some are using machine learning for the purpose of preventive maintenance. Currently, majority of enterprises are using natural language interfaces to build interactive chatbots and B2B applications.
Furthermore, early adopter of the AI technology has an experience and clues to the best practices compared to the enterprises that are getting started with the AI technologies. However, with the help of centers of excellence (CoEs) and hiring analytics leaders and data scientists' new entrants can gain advantage rapidly.
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North America is one of the fastest-growing regions in the enterprise artificial intelligence (AI) market. It is expected to witness a higher growth rate during the forecast period, owing to presence of the key artificial intelligence companies in the region.
Some of the key enterprise Artificial Intelligence (AI) industry players profiled in the report include Alphabet Inc. (Google Inc.), Apple Inc., Amazon Web Services, Inc., International Business Machines Corporation, IPsoft Inc., MicroStrategy Incorporated, NVIDIA Corporation, SAP, Verint, and Wipro Limited.
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