The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing adoption of AI are expected to drive innovation in enterprise artificial intelligence manufacturing, thus driving the market during the forecast period.

The global enterprise artificial intelligence market is expected to grow from $10.44 billion in 2022 to $14.74 billion in 2023, at a compound annual growth rate (CAGR) of 41.2%. The enterprise artificial intelligence market size is expected to grow to $58.25 billion in 2027 at a CAGR of 41.0%.

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Global Enterprise Artificial Intelligence Market Segments Include:

• By Type: By Component: Solution, Service
• By Technology: Machine Learning, Natural Language Processing (NLP), Image Processing, Speech Recognition
• By Deployment Type: Cloud, On-Premise
• By Application: Security and Risk Management, Marketing Management, Customer Support and Experience, Human Resource and Recruitment Management, Analytics Application, Process Automation
• By Industry: Retail, Healthcare, Automotive, Banking and Financial Services, Media and Entertainment, Other Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global enterprise artificial intelligence market in 2021.

Major Market Players in the enterprise artificial intelligence market include International Business Machines, Wipro Technologies, Amazon Web Services, Intel Corporation, Google LLC, SAP SE, Sentinent Technologies

Technological advancements are a key trend gaining popularity in the enterprise artificial intelligence market. Major companies operating in the enterprise artificial intelligence market are focused on developing new technological solutions to reinforce their position. For instance, in November 2021, Oracle Corporation, a US-based computer technology corporation company, launched Oracle Cloud Infrastructure (OCI) AI services, which use artificial intelligence technology that is enabled in its various services such as OCI Language, OCI Speech, OCI Vision, OCI Anomaly Detection, OCI Forecasting, and OCI Data Labeling. With the new and unique OCI AI services, developers have the option of using pre-trained, out-of-the-box models on business-related data or custom training the services using data specific to their own organization. The six new services assist programmers with numerous challenging tasks, including language, computer vision, and time-series forecasting. The new OCI AI services give developers the option of bridging the gap between the promise of AI and its implementation, which allows them to achieve real-world benefits.

The Enterprise Artificial Intelligence Global Market Report 2023  provides a enterprise artificial intelligence market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The enterprise artificial intelligence market forecast analyzes enterprise artificial intelligence market size, enterprise artificial intelligence market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Enterprise AI is a subcategory of the business system that utilises cutting-edge AI methods to promote digital transformation. A new technological stack is needed for the large-scale development and deployment of enterprise AI. It is used to automate tasks, improve data-driven decision-making, and produce better insights.

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