Enterprise AI is the capability to embed AI methodology, which integrates the human capacities for understanding, learning and interaction all at a level of complexity which assists the enterprises to estimate business outcomes. Integrating enterprise AI in the company at all level performs as an organizational asset necessary for the success of businesses. Few enterprises are utilizing artificial intelligence (AI) technology for analyzing customers and identifying frauds & risks and using machine learning for taking preventive measures. The rise in number of innovative start-ups and improvements in technology have resulted in increase in investment in artificial intelligence technologies. In addition, the surging demand for analyzing and interpreting huge amount of data fuels the need for artificial intelligence industry solutions. Furthermore, the development of more authentic cloud computing infrastructures and improvements in dynamic artificial intelligence solutions have a significant impact on the growth potential of the AI enterprise  market.  The ability of the AI technology to analyze the gather data efficiently and forecast decisions through vital algorithms helps in productivity improvement; for example, Netflix suggests movies based on the users’ past viewing experiences. In the present business scenario, AI has transformed business management with the combination of workflow management tools, trend predictions, brand purchase advertising and other tools. These are the key factors for the rising investment in AI technologies. Furthermore, various small startups and tech companies have been investing in the adoption of open-source AI platforms to attain higher efficiencies in their value chains. Moreover, the increase in availability of less cost quality AI technologies, rise in internet penetration, growth in cloud based services and rise in IoT technology is expected to also contribute toward the enterprise artificial intelligence market growth. Additionally, it has proved to be beneficial for enterprises in a wide range of areas which change how enterprises communicate, innovate and improve their processes. Some of the key end-use industries using artificial intelligence services are government, retail, financial services, automotive, manufacturing and advertising to name a few. Besides, the limited trained and experienced staff hampers the growth of the enterprise AI market.

Moreover, rise in adoption of AI in developing countries, such as China and India are projected to create major opportunities for the market growth in the coming years. Also, continuous developments in smart virtual assistants and robots are also projected to be opportunistic for the growth of the enterprise artificial intelligence (AI) market.

The global Enterprise AI Market is segregated on the basis of component as Solution and Services. Based on Deployment Type the global Enterprise AI Market is segmented in Cloud and On-premises. Based on Application the global Enterprise AI Market is segmented in Security and risk management, Marketing management, Customer support and experience, Human resource and recruitment management, Analytics application and Process automation.

The global Enterprise AI Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Enterprise AI Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Intel Corporation, Sentient Technologies, Google, Inc., Wipro, Oracle Corporation and others are among the major players in the global Enterprise AI Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In April 2019, Google LLC introduced an end-to-end AI platform for the enterprises. With this advanced version of AI platform, Google is emphasizing on providing customization tools, the betas of its custom entity extraction service and a custom sentiment analysis service.
• In October 2019, IBM has declared new innovations which further advance its Watson Anywhere approach to scaling artificial intelligence across any cloud, and a host of clients who are supporting the strategy to bring AI to their data, wherever it required.
• In March 2018, IBM made a partnership with Apple Inc. to avoid the roadblocks in IBM AI offerings. Under the partnership, the company introduced the IBM Watson Data Kit and displayed new offerings at its technology conference known as IBM Think 2018, in Las Vegas.

The global Enterprise AI Market has been segmented as below:

Enterprise AI Market, By Component

• Solution
• Services

Enterprise AI Market, By Deployment Type

• Cloud
• On-premises

Enterprise AI Market, By Application

• Security and risk management
• Marketing management
• Customer support and experience
• Human resource and recruitment management
• Analytics application
• Process automation

Enterprise AI Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Enterprise AI Market, By Company

• Intel Corporation
• Sentient Technologies
• Google, Inc.
• Wipro
• Oracle Corporation
• AWS
• SAP
• Microsoft
• HPE
• Alphabet Inc.
• Apple Inc.
• Amazon Web Services, Inc.
• International Business Machines Corporation
• IPsoft Inc.
• MicroStrategy Incorporated
• NVIDIA Corporation

The report covers the below scope:

• Global Enterprise AI Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Enterprise AI Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Enterprise AI Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Enterprise AI Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Enterprise AI Market share. Major industry players with significant revenue share include Intel Corporation, Sentient Technologies, Google, Inc., Wipro, Oracle Corporation and others.

Why to Buy this Report:

• Gain detailed insights on the Enterprise AI industry trends
• Find complete analysis on the market status
• Identify the Enterprise AI Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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