Global Enterprise AI Market: Key Highlights
Global Enterprise AI Market: Key Market Dynamics
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Global Enterprise AI Market: Regional Overview
The Asia-Pacific is at the initial stage for the adoption of information and communications technology to boost the government as well as the financial sector. Also, Indian government has taken an initiative for the growth and development of small and medium sized business with the Make in India program. According to the Internet of Governance Forum, the UBS bank has projected the growth of AI market in the Asia will be more than 15% CAGR by 2015 to 2020 with more than USD 10 Billion of growth.
Hence, Asia-Pacific is witness to increase the demand for the market as it has large economic like Japan and China with the advance technology growth
In the region, the European Parliament has adopted an initiative resolution for the robotics and artificial intelligence solution to boost the European Commission in 2017. As well as in 2018, the EC has introduced a communication of Artificial Intelligence for Europe to enhance its growth and development of the region. Moreover, the European Union has invested more than USD 1 billion for the AI innovation and research under the Horizon 2020.As well as the European Union strategies for artificial intelligence and data focus to motivate businesses to work with the emerging new technologies with the people trust.
Hence, region is one of the major player in the growth of technology market, which will lead to enhance the growth of the Enterprise AI Market.
Global Enterprise AI Market: Key Players Overview
International Business Machines Corporation is an American multinational technology company which provides information technology services for the customer all around the world. The company provides the most open and secure public cloud for business and a next generation hybrid multi-cloud platform and advanced AI services for the industries growth. In 2019, the company has been ranked the world leading market share of Artificial Intelligence for third consecutive year. Whereas the software, hardware and services enhance IBM AI revenue by more than 15%.
SAP SE is a multinational company which product software to manage business operation and relation with customer. The company has become market in end to end enterprise application software and intelligence technologies. The SAP AI business services help their user to reach the intelligence enterprise by providing its services. In 2019, company has announced a series of innovations to SAPS/4HANA for artificial intelligence (AI) and robotics, and to customize applications.
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