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
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.
The HVC segment is slated to expand as the fastest-growing segment.
The air cooling segment is slated to expand as the fastest-growing segment.
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