Enterprise Artificial Intelligence Market Research Report - Forecast to 2027

Global Enterprise Artificial Intelligence Market: Solution (Business Intelligence, Customer Management, Sales & Marketing), Service (Professional, Managed), Deployment, Industry Vertical (Retail, Healthcare, Automotive, Aerospace) - Forecast till 2027

ID: MRFR/ICT/4338-HCR | February 2021 | Region: Global | 100 pages

Market synopsis


Enterprises hold a prominent market value considering their services and solution created for different functions and business uses. These enterprises largely deploy technologies such as machine learning, deep learning, automated data science, predictive analytics, and automation to provide a solution for different enterprises. The market for enterprise artificial intelligence is expected to experience a high growth rate. One of the major factors contributing to the growth of this market is the growing demand for artificial intelligence based solutions and platforms. Additionally, the growing amount of data sets required to analyze, complex data for with integration of artificial intelligence for better efficiency is driving the market. As artificial intelligence is experiencing more significant adoption rate in the industrial sector, it becomes essential for the enterprises to upgrade their solutions to meet the industrial standards.


Segmentation


On the basis of the solution, the market is segmented into business intelligence, customer management, sales & marketing, finance & operation, digital commerce, and others


On the basis of services, the market is segmented into professional service and managed service. The professional service is further is segmented into integration and deployment service, consulting service, and support & maintenance service.


On the basis of deployment, the market is segmented into cloud deployment and on-premise deployment.


On the basis of industry vertical, the market is segmented into retail, healthcare, Automotive, Aerospace, media & entertainment, banking & financial services, IT & Telecommunication, and others


On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and rest of the world.


Global Enterprise Artificial Intelligence Market, USD Billion


 Enterprise Artificial Intelligence Market


Source: MRFR Analysis


Regional analysis


The global enterprise artificial intelligence market is estimated to grow at a significant rate due to rising advancements in artificial intelligence, and a higher rate of adoption in various industrial verticals. The geographical analysis of enterprise artificial intelligence market marks the study for regions like North America, Europe (including Russia), Asia Pacific (including Australia and New Zealand) and rest of the world (including the Middle East, Africa, and South America). Among these regions, the market is led by North America. North America has a rich concentration of vendors providing services and solutions for enterprise artificial intelligence for different applications. One of the major factors contributing to the growth of enterprise artificial intelligence in North America is due to early adoption of newer technology. The integration of artificial intelligence has spread its reach across different industrial verticals. The United States contributes a major portion to this growth, especially in IT & Telecom, commercial, retail and automotive sector.


The integration of artificial intelligence with traditional industrial solutions is still developing. The companies are rolling out changes in their solution due to the rising demand for customization from the customer. Also, North America holds more than 70% of the prominent players in this market. Europe closely follows North America in this market. Europe is expected to reach its maturity in the enterprise artificial intelligence market by 2026. Europe is a technologically advanced region, and the factor contributing to the growth of this market is the increased application of artificial intelligence in predictive maintenance, supply chain monitoring, and automotive. On the other hand, Asia Pacific is expected to be the fastest growing region in enterprise artificial intelligence market.


Key players


Some of the major players in global enterprise artificial Intelligence market include SAS Institute (U.S.), International Business Machines, Corporation (U.S.), Microsoft Corporation (U.S.), Amazon Web Services (U.S.), Intel Corporation (U.S.), Google, LLC (U.S.), SAP SE (Germany), Sentinent Technologies (U.S.), Oracle Corporation (U.S.), Hewlett Packard Enterprise (U.S.), Wipro Technologies (India) among others


Other vendors include Algolia (U.S.), CrowdFlower (U.S.), DataRobot (U.S.), Element AI (Canada), LeapMind (Japan), Petuum (U.S.), Tamr (U.S.), Trifacta (U.S.), Zendesk (U.S.), HireVue Inc (U.S.), Wade & Wendy (U.S.), Appier, Inc (Taiwan), Sapho (U.S.), Artifacia (India), Dataiku (U.S.), Cycorp, Inc (U.S.), Anodot Ltd (Israel), Arimo (U.S.) among others.


The prominent players constantly keep innovating and investing in research and development to present a cost-effective portfolio. There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customers


Intended Audience



  • Enterprise AI service providers

  • Enterprise AI solution vendors

  • Application developers

  • System developers and integrators

  • Government agencies

  • Application end-user

  • Research Firms



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 6 Billion (2023)
  CAGR   46% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units    Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Solution, Service
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   SAS Institute (U.S.), International Business Machines, Corporation (U.S.), Microsoft Corporation (U.S.), Amazon Web Services (U.S.), Intel Corporation (U.S.), Google, LLC (U.S.), SAP SE (Germany), Sentinent Technologies (U.S.), Oracle Corporation (U.S.), Hewlett Packard Enterprise (U.S.), Wipro Technologies (India)
  Key Market Opportunities   The market for enterprise artificial intelligence is expected to experience a high growth rate.
  Key Market Drivers   The growing amount of data sets required to analyze, complex data for with integration of artificial intelligence for better efficiency is driving the market.


Frequently Asked Questions (FAQ) :


The global enterprise artificial intelligence market is expected to record a substantial market valuation of up to USD 6 billion by 2023.

The global enterprise artificial intelligence market is projected to register a moderate 46% CAGR in the forecast period.

A few major market players operating in the global enterprise artificial intelligence market are NTN Corporation (Japan), Elaphe Ltd (Slovenia), Protean Electric (US), ECOmove GmbH (Germany), among others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Bargaining power of Suppliers

4.1.5 Segment rivalry

4.2 Value Chain/Supply Chain of Global Enterprise Artificial Intelligence Market

5 Overview of Global Enterprise Artificial Intelligence Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Enterprise Artificial Intelligence Market by Deployment

7.1 Introduction

7.2 On Premise

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 On-Cloud

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Enterprise Artificial Intelligence Market by Service

8.1 Introduction

8.2 Professional Service

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Managed Service

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Enterprise Artificial Intelligence Market by Industry

9.1 Introduction

9.2 BFSI

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Automotive

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

9.4 Retail

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Region, 2020-2027

9.5 Healthcare

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

9.6 Media and Entertainment

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Region, 2020-2027

9.7 IT & Telecommunication

9.7.1 Market Estimates & Forecast, 2020-2027

9.7.2 Market Estimates & Forecast by Region, 2020-2027

9.8 Aerospace

9.8.1 Market Estimates & Forecast, 2020-2027

9.8.2 Market Estimates & Forecast by Region, 2020-2027

10. Global Enterprise Artificial Intelligence Market by Solution

10.1 Introduction

10.2 Business Intelligence

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Region, 2020-2027

10.3 Customer Management

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Region, 2020-2027

10.4 Sales & Marketing

10.4.1 Market Estimates & Forecast, 2020-2027

10.4.2 Market Estimates & Forecast by Region, 2020-2027

10.5 Finance & Operations

10.5.1 Market Estimates & Forecast, 2020-2027

10.5.2 Market Estimates & Forecast by Region, 2020-2027

10.6 Digital Commerce

10.6.1 Market Estimates & Forecast, 2020-2027

10.6.2 Market Estimates & Forecast by Region, 2020-2027

10.7 Others

10.7.1 Market Estimates & Forecast, 2020-2027

10.7.2 Market Estimates & Forecast by Region, 2020-2027

11. Global Enterprise Artificial Intelligence Market by Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, 2020-2027

11.2.2 Market Estimates & Forecast by Deployment, 2020-2027

11.2.3 Market Estimates & Forecast by Service, 2020-2027

11.2.4 Market Estimates & Forecast by Solution, 2020-2027

11.2.5 Market Estimates & Forecast by Industry, 2020-2027

11.2.6 U.S.

11.2.6.1 Market Estimates & Forecast, 2020-2027

11.2.6.2 Market Estimates & Forecast by Deployment, 2020-2027

11.2.6.3 Market Estimates & Forecast by Service, 2020-2027

11.2.6.4 Market Estimates & Forecast by Solution, 2020-2027

11.2.6.5 Market Estimates & Forecast by Industry, 2020-2027

11.2.7 Mexico

11.2.7.1 Market Estimates & Forecast, 2020-2027

11.2.7.2 Market Estimates & Forecast by Deployment, 2020-2027

11.2.7.3 Market Estimates & Forecast by Service, 2020-2027

11.2.7.4 Market Estimates & Forecast by Solution, 2020-2027

11.2.7.5 Market Estimates & Forecast by Industry, 2020-2027

11.2.8 Canada

11.2.8.1 Market Estimates & Forecast, 2020-2027

11.2.8.2 Market Estimates & Forecast by Deployment, 2020-2027

11.2.8.3 Market Estimates & Forecast by Service, 2020-2027

11.2.8.4 Market Estimates & Forecast by Solution, 2020-2027

11.2.8.5 Market Estimates & Forecast by Industry, 2020-2027

11.3 Europe

11.3.1 Market Estimates & Forecast, 2020-2027

11.3.2 Market Estimates & Forecast by Deployment, 2020-2027

11.3.3 Market Estimates & Forecast by Service, 2020-2027

11.3.4 Market Estimates & Forecast by Solution, 2020-2027

11.3.5 Market Estimates & Forecast by Industry, 2020-2027

11.3.6 Germany

11.3.6.1 Market Estimates & Forecast, 2020-2027

11.3.6.2 Market Estimates & Forecast by Deployment, 2020-2027

11.3.6.3 Market Estimates & Forecast by Service, 2020-2027

11.3.6.4 Market Estimates & Forecast by Solution, 2020-2027

11.3.6.5 Market Estimates & Forecast by Industry, 2020-2027

11.3.7. France

11.3.7.1 Market Estimates & Forecast, 2020-2027

11.3.7.2 Market Estimates & Forecast by Deployment, 2020-2027

11.3.7.3 Market Estimates & Forecast by Service, 2020-2027

11.3.7.4 Market Estimates & Forecast by Solution, 2020-2027

11.3.7.5 Market Estimates & Forecast by Industry, 2020-2027

11.3.8 U.K

11.3.8.1 Market Estimates & Forecast, 2020-2027

11.3.8.2 Market Estimates & Forecast by Deployment, 2020-2027

11.3.8.3 Market Estimates & Forecast by Service, 2020-2027

11.3.8.4 Market Estimates & Forecast by Solution, 2020-2027

11.3.8.5 Market Estimates & Forecast by Industry, 2020-2027

11.4 Asia Pacific

11.4.1 Market Estimates & Forecast, 2020-2027

11.4.2 Market Estimates & Forecast by Deployment, 2020-2027

11.4.3 Market Estimates & Forecast by Service, 2020-2027

11.4.4 Market Estimates & Forecast by Solution, 2020-2027

11.4.5 Market Estimates & Forecast by Industry, 2020-2027

11.4.6 China

11.4.6.1 Market Estimates & Forecast, 2020-2027

11.4.6.2 Market Estimates & Forecast by Deployment, 2020-2027

11.4.6.3 Market Estimates & Forecast by Service, 2020-2027

11.4.6.4 Market Estimates & Forecast by Solution, 2020-2027

11.4.6.5 Market Estimates & Forecast by Industry, 2020-2027

11.4.7 India

11.4.7.1 Market Estimates & Forecast, 2020-2027

11.4.7.2 Market Estimates & Forecast by Deployment, 2020-2027

11.4.7.3 Market Estimates & Forecast by Service, 2020-2027

11.4.7.4 Market Estimates & Forecast by Solution, 2020-2027

11.4.7.5 Market Estimates & Forecast by Industry, 2020-2027

11.4.8 Japan

11.4.8.1 Market Estimates & Forecast, 2020-2027

11.4.8.2 Market Estimates & Forecast by Deployment, 2020-2027

11.4.8.3 Market Estimates & Forecast by Service, 2020-2027

11.4.8.4 Market Estimates & Forecast by Solution, 2020-2027

11.4.8.5 Market Estimates & Forecast by Industry, 2020-2027

11.4.9 Rest of Asia Pacific

11.4.9.1 Market Estimates & Forecast, 2020-2027

11.4.9.2 Market Estimates & Forecast by Deployment, 2020-2027

11.4.9.3 Market Estimates & Forecast by Service, 2020-2027

11.4.9.4 Market Estimates & Forecast by Solution, 2020-2027

11.4.9.5 Market Estimates & Forecast by Industry, 2020-2027

11.5 Rest of the World

11.5.1 Market Estimates & Forecast, 2020-2027

11.5.2 Market Estimates & Forecast by Deployment, 2020-2027

11.5.3 Market Estimates & Forecast by Service, 2020-2027

11.5.4 Market Estimates & Forecast by Solution, 2020-2027

11.5.5 Market Estimates & Forecast by Industry, 2020-2027

11.5.6 The Middle East & Africa

11.5.6.1 Market Estimates & Forecast, 2020-2027

11.5.6.2 Market Estimates & Forecast by Deployment, 2020-2027

11.5.6.3 Market Estimates & Forecast by Service, 2020-2027

11.5.6.4 Market Estimates & Forecast by Solution, 2020-2027

11.5.6.5 Market Estimates & Forecast by Industry, 2020-2027

11.5.7 Latin Countries

11.5.7.1 Market Estimates & Forecast, 2020-2027

11.5.7.2 Market Estimates & Forecast by Deployment, 2020-2027

11.5.7.3 Market Estimates & Forecast by Service, 2020-2027

11.5.7.4 Market Estimates & Forecast by Solution, 2020-2027

11.5.7.5 Market Estimates & Forecast by Industry, 2020-2027

12. Company Profiles

12.1 SAS Institute (U.S.)

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 International Business Machines, Corporation (U.S.)

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Microsoft Corporation (U.S.)

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Amazon Web Services (U.S.)

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Intel Corporation (U.S.)

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Google, LLC (U.S.)

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 SAP SE (Germany)

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Sentinent Technologies (U.S.)

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 Oracle Corporation (U.S.)

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 Hewlett Packard Enterprise (U.S.)

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

13 Conclusion

LIST OF TABLES

Table1 World Population by Major Regions (2020 To 2030)

Table2 Global Enterprise Artificial Intelligence Market: By Region, 2020-2027

Table3 North America Enterprise Artificial Intelligence Market: By Country, 2020-2027

Table4 Europe Enterprise Artificial Intelligence Market: By Country, 2020-2027

Table5 Asia Pacific Enterprise Artificial Intelligence Market: By Country, 2020-2027

Table6 The Middle East & Africa Enterprise Artificial Intelligence Market: By Country, 2020-2027

Table7 Latin America Enterprise Artificial Intelligence Market: By Country, 2020-2027

Table8 Global Enterprise Artificial Intelligence by Deployment Market: By Regions, 2020-2027

Table9 North America Enterprise Artificial Intelligence by Deployment Market: By Country, 2020-2027

Table10 Europe Enterprise Artificial Intelligence by Deployment Market: By Country, 2020-2027

Table11 Asia Pacific Enterprise Artificial Intelligence by Deployment Market: By Country, 2020-2027

Table12 The Middle East & Africa Enterprise Artificial Intelligence by Deployment Market: By Country, 2020-2027

Table13 Latin America Enterprise Artificial Intelligence by Deployment Market: By Country, 2020-2027

Table14 Global Deployment Market: By Region, 2020-2027

Table15 Global Deployment Market: By Region, 2020-2027

Table16 Global Deployment Market: By Region, 2020-2027

Table17 North America Enterprise Artificial Intelligence Market, By Country

Table18 North America Enterprise Artificial Intelligence Market, By Deployment

Table19 North America Enterprise Artificial Intelligence Market, By Service

Table20 Europe: Enterprise Artificial Intelligence Market, By Service

Table21 Europe: Enterprise Artificial Intelligence Market, By Deployment

Table22 Asia Pacific: Enterprise Artificial Intelligence Market, By Country

Table23 Asia Pacific: Enterprise Artificial Intelligence Market, By Deployment

Table24 Asia Pacific: Enterprise Artificial Intelligence Market, By Service

Table25 The Middle East & Africa: Enterprise Artificial Intelligence Market, By Country

Table26 The Middle East & Africa Enterprise Artificial Intelligence Market, By Deployment

Table27 The Middle East & Africa Enterprise Artificial Intelligence Market, By Service

Table28 Latin America: Enterprise Artificial Intelligence Market, By Country

Table29 Latin America Enterprise Artificial Intelligence Market, By Deployment

Table30 Latin America Enterprise Artificial Intelligence Market, By Service

LIST OF FIGURES

FIGURE 1 Global Enterprise Artificial Intelligence market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Enterprise Artificial Intelligence Market

FIGURE 4 Value Chain of Global Enterprise Artificial Intelligence Market

FIGURE 6 Global Enterprise Artificial Intelligence Market, 2020-2027,

FIGURE 8 Global Enterprise Artificial Intelligence Market size by Deployment, 2020

FIGURE 10 Global Enterprise Artificial Intelligence Market size by Service, 2020