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Leading Growth Driver in the Enterprise Artificial Intelligence Market in 2025: Rapid Adoption Of Ai Transforms The Enterprise Landscape Insights From The IBM Global Ai Adoption Index 2022 Driver's Influence
Enterprise Artificial Intelligence Market
The growth of the enterprise artificial intelligence market is forecasted to be propelled by the increasing adaption of AI. Artificial intelligence, a process in which machines, particularly computer systems, simulate human intelligence to analyze vast amounts of data, enhances the overall efficiency and significantly betters the decision-making process in all types of enterprises. As an example, the IBM Global AI Adoption Index 2022, released by International Business Machines Corporation, a U.S.-based technology firm, in May 2022, revealed that 35% of organizations reported using AI in their operations. At the same time, an additional 42% admitted that they were considering its incorporation in 2022. Consequently, the increasing adoption of AI is leading to the growth of the enterprise artificial intelligence market.
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What growth opportunities are expected to drive the enterprise artificial intelligence market's CAGR through 2034?
There has been an exponential growth in the enterprise artificial intelligence market size in the recent past. The market value is forecasted to increase from $20.42 billion in 2024 to $28.54 billion in 2025, recording a compound annual growth rate (CAGR) of 39.8%. Factors that have contributed to this growth in the historic period include the advancements in machine learning algorithms, the rise in big data and data analytics, the growth of cloud computing, the increase in computing power and processing speed, and the adoption of AI in business process automation.
The projected growth for the enterprise artificial intelligence market is anticipated to be exponential in the coming years, reaching a value of $118.51 billion by 2029, increasing at a compound annual growth rate (CAGR) of 42.7%. The reasons contributing to this growth in the estimate timeframe include factors such as ai incorporation in cybersecurity strategies, the surge in explainable ai for establishing transparency, the high rate of ai utilization in human resources, the broadening of ai capabilities in healthcare and life sciences, and an emphasis on ethical and accountable ai practices. Key trends for the future of this market include the creation of ai-based chatbots and virtual assistants, amalgamation of ai with the internet of things (IoT), the emergence of edge ai for immediate processing, the embrace of ai in supply chain and logistics, as well as the concentration on ai-aided personalization in customer experience.
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What are the emerging trends shaping the future of the enterprise artificial intelligence market?
Rapid advancements in technology are a major trend making waves in the enterprise artificial intelligence market. Chief corporations in the enterprise AI field are concentrating on creating innovative technological solutions to strengthen their standing. In particular, Ernst & Young, a professional services network from the UK, unveiled an artificial intelligence platform named EY.ai in September 2023. This platform assists organizations in incorporating AI into their routine activities, thus helping them unlock fresh economic potential and boost efficiency in several business areas, such as strategy, transactions, transformation, risk, assurance, and tax. EY.ai comes with generative AI capabilities, equipping client-serving teams with the ability to quickly address business transformation needs by offering them advanced tools for data processing and the generation of insights.
Which growth-oriented segments of the enterprise artificial intelligence market are leading the industry's development?
The enterprise artificial intelligence market covered in this report is segmented -
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
Subsegments:
1) By Solution: Machine Learning Platforms, Natural Language Processing (NLP) Tools, Computer Vision Solutions, Robotic Process Automation (RPA), AI-Powered Analytics Tools
2) By Service: Consulting Services, Implementation Services, Managed AI Services, Training And Support Services
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What regions are leading the charge in the enterprise artificial intelligence market?
North America was the largest region in the enterprise artificial intelligence market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the enterprise artificial intelligence market?
Major companies operating in the enterprise artificial intelligence market include International Business Machines (IBM), Wipro Limited, Amazon Web Services, Intel Corporation, Google LLC, SAP SE, Oracle Corporation, Hewlett Packard Enterprise, IPsoft Inc., MicroStrategy Incorporated, NVIDIA Corporation, Verint Systems Inc., SAS Institute Inc., accenture* plc, Appen Limited., Dataiku Ltd., DataRobot Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Limited, Freenome Holdings Inc., Infosys Limited, KPMG International Limited, Mindtree Limited, NTT DATA Group Corporation, Palantir Technologies, PricewaterhouseCoopers International Ltd., Salesforce Inc., Samsung Group
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What Is Covered In The Enterprise Artificial Intelligence Global Market Report?
•Market Size Forecast: Examine the enterprise artificial intelligence market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the enterprise artificial intelligence market for a structured understanding.
•Key Players Overview: Analyze major players in the enterprise artificial intelligence market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the enterprise artificial intelligence market.
•Segment Contributions: Evaluate how different segments drive overall growth in the enterprise artificial intelligence market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the enterprise artificial intelligence market.
•Industry Challenges: Identify potential risks and obstacles affecting the enterprise artificial intelligence market.
•Competitive Landscape: Review strategic developments in the enterprise artificial intelligence market, including expansions, agreements, and new product launches.
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