Enterprise AI Market by Component (Solution, Services), by Deployment (Cloud, On-Premises), by Application (Customer Support, Security and Risk Management), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)

Enterprise AI Market - Global Industry Analysis and Forecast 2020 to 2027

Enterprise AI Market: Summary

The Global Enterprise AI Market is projected to reach a value of over USD 30.8 billion by 2027 at a CAGR of around 49%.

Artificial Intelligence (AI) refers to a major branch of computer science which helps in reducing the human errors and for decision making process. Whereas, the Enterprise AI has the ability to implant AI to enhance the learning, interaction and perception for the enterprise to project the business growth. As well as it can be used for analyzing the customer experience and fraud detection. However, there was various commercial deployment of AI is enhancing significantly around the globe.

Hence, it will boost the business processes as well as sales processes which will lead to enhance the demand of the enterprise AI market in the forecast period.

Enterprise AI Market

Enterprise AI Market: Drivers & Challenges

Market Driver:

  • Rising Artificial Intelligence based Cognitive Solution

Rising artificial intelligence-based cognitive solutions is witness to increase the demand of the market in the forecast period. Whereas the significant growth in machine learning will also advance the AI solution for the business growth. Also, it has the ability to enhance the enterprise performance and productivity with the help of automation process or by human power. Moreover, in 2017 the Netflix has use machine learning for the level of personalization which help the company to improve its user by more than 20%. Moreover, it will provide in house as well as out of the box solution for the enterprise which allows the business to customize needs and solutions.

Hence, the increasing demand enterprise function and innovation across industries are creating an opportunity for the growth of AI for the business.

Market Challenges:

  • Lack of Trained and Experienced Staff

One of the major key concern of the enterprise AI market is the lack of trained and experienced staff which may hamper the market growth. However, the machine learning and artificial intelligence requires an advance skills to process the data correctly. As well as setting up the AI based services require a high cost of investment and complexity. Also, this software need a regular upgardation to deal the requirements of the rapid changing environments.

Hence, the various IT framework of the business have also not be adequate to support the artificial intelligence workloads for the future. These will lead to hinder the growth of the enterprise AI market in the forecast period.

Enterprise AI Market: Key Segments

  • Segmentation based on Components: Solution and Services
  • Segmentation based on Deployment: Cloud and On-Premises
  • Segmentation based on Technology Type: Machine Learning and Deep Learning and Natural Language Processing.
  • Segmentation based on Application: Customer Support, Security and Risk Management, Process Automation, HR and Recruitment Management, Marketing Management and Analytics Application.
  • Segmentation based on End-Use: Government, Banking, Financial Services and Insurance (BFSI), Energy and Utilities, Manufacturing, Media and Entertainment, Healthcare, and Retail and Others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Enterprise AI Market: Report Scope

The report on the enterprise AI market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Components, Deployment, Technology Type, Application, End-Use, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Microsoft
  • Alphabet Inc. (Google Inc.)
  • Amazon Web Services, Inc.
  • SAP SE
  • Intel Corporation
  • Oracle
  • Hewlett Packard Enterprise Development LP
  • Wipro Limited
  • Sensient Technologies Corporation
  • Other Key Companies
    • IPsoft Inc.
    • Verint

Enterprise AI Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Enterprise AI Market, by Component

  • Solution
  • Services
    • Managed Services
    • Professional Services

Enterprise AI Market, by Deployment

  • Cloud
  • On-Premises

Enterprise AI Market, by Technology Type

  • Machine Learning and Deep Learning
  • Natural Language Processing

Enterprise AI Market, by Application

  • Customer Support
  • Security and Risk Management
  • Process Automation
  • HR and Recruitment Management
  • Marketing Management
  • Analytics Application

Enterprise AI Market, by End-Use

  • Government
  • Banking, Financial Services and Insurance (BFSI)
  • Energy and Utilities
  • Manufacturing
  • Media and Entertainment
  • Healthcare
  • Retail
  • Others

Enterprise AI Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Enterprise AI Market  Providers
  • Enterprise AI Market  Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Enterprise AI Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE ENTERPRISE AI MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rising Artificial Intelligence-based Cognitive Solutions
      2. Growth of Operational Automation Services
    3. Restraint
      1. Slow Adoption Rate
    4. Opportunities
      1. Enhancement in Digital Marketing
      2. Increasing Adoption of Cloud-Based Solutions
    5. Challenges
      1.  Lack of Trained and Experienced Staff
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL ENTERPRISE AI MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Solution
    3. Services
      1. Managed Services
      2. Professional Services
  7. GLOBAL ENTERPRISE AI MARKET BY DEPLOYMENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Cloud
    3. On-Premises
  8. GLOBAL ENTERPRISE AI MARKET BY TECHNOLOGY TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Machine Learning and Deep Learning
    3. Natural Language Processing
  9. GLOBAL ENTERPRISE AI MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Customer Support
    3. Security and Risk Management
    4. Process Automation
    5. HR and Recruitment Management
    6. Marketing Management
    7. Analytics Application
  10. GLOBAL ENTERPRISE AI MARKET BY END-USE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Government
    3. Banking, Financial Services and Insurance (BFSI)
    4. Energy and Utilities
    5. Manufacturing
    6. Media and Entertainment
    7. Healthcare
    8. Retail
    9. Others
  11. GLOBAL ENTERPRISE AI MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  12. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  13. COMPANY PROFILES
    1. IBM Corporation
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Microsoft
    3. Alphabet Inc. (Google Inc.)
    4. Amazon Web Services, Inc.
    5. SAP SE
    6. Intel Corporation
    7. Oracle
    8. Hewlett Packard Enterprise Development LP
    9. Wipro Limited
    10. Sensient Technologies Corporation
    11. Other Key Companies
      1. IPsoft Inc.
      2. Verint
  14. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : ICT 081

Published : July, 2020


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