Growing Reliance on Ecommerce to Drive Enterprise Artificial Intelligence Market
The global enterprise artificial intelligence market is expected to exhibit a robust 35.4% CAGR over the forecast period from 2020 to 2027, according to the latest research report from Market Research Future (MRFR). The global enterprise artificial intelligence market is expected to reach a valuation of USD 53.06 billion by 2027, according to the report. The report presents a detailed evaluation of the global enterprise artificial intelligence market, including a detailed review of the global enterprise artificial intelligence market’s historical growth trajectory and present conditions. This information is used to further create accurate forecasts for the market’s growth trajectory over the forecast period from 2020 to 2030. Major drivers and restraints affecting the global enterprise artificial intelligence market are examined in the report to provide readers a clear overview of the major trends operating in the global market. Major players operating in the global enterprise artificial intelligence market are also examined in the report to provide readers with a comprehensive look at the competitive dynamics in the enterprise artificial intelligence market. The report also examines the impact of the COVID-19 pandemic on the global enterprise artificial intelligence market.
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The growing deployment of digital data generation and management solutions is likely to be a major driver for the global enterprise artificial intelligence market. Digital data storage solutions offer accuracy and security to the client enterprises, offering a superior experience compared to conventional manual data storage technologies. Digital data storage solutions are immune to physical damage, as the information can be stored on servers and not on physical files prone to degeneration and other damage. This makes digital data storage highly attractive to enterprises. This has led to a growing demand for enterprise artificial intelligence solutions for effective and high-grade data analysis to derive useful insights into various aspects of the enterprise. Growing awareness about the efficacy of AI solutions in deriving useful insights from digital data is likely to be a major driver for the global enterprise artificial intelligence market over the forecast period.
Growing reliance on ecommerce and digital transactions in various end use sectors is likely to be a major driver for the enterprise artificial intelligence market. Artificial intelligence solutions can provide lots of useful consumer information based on an analysis of the consumer’s activity on ecommerce portals. Customer management, or CRM, is increasingly being left to AI solutions due to the highly effective management provided by AI solutions in the CRM field. Finance and operation activities are also increasingly being managed by AI solutions due to their high accuracy and ability to provide cost-saving measures based on an analysis of the various financial operations.
Competitive Leaderboard:
Leading players in the global enterprise artificial intelligence market include Arimo, Anodot Ltd., Cycorp Inc., Dataiku, Artifacia, Sapho, Appier Inc., Wade & Wendy, HireVue Inc., Zendesk, Trifacta, Tamr, Petuum, LeapMind, Element AI, DataRobot, CrowdFlower, Algolia, Wipro Technologies, HP Enterprise, Oracle Corporation, Sentinent Technologies, SAP SE, Google LLC, Intel Corporation, Amazon Web Services, Microsoft Corporation, IBM Corporation, and SAS Institute.
Segmentation:
The global enterprise artificial intelligence market is segmented on the basis of solution, service, deployment, vertical, and region.
By solution, the global enterprise artificial intelligence market is segmented into business intelligence, customer management, sales and marketing, finance and operation, digital commerce, and others.
By services, the global enterprise artificial intelligence market is segmented into professional and managed services. The professional services segment is further sub-segmented into integration and deployment service, consulting service, and support and mainte
nance service.
By deployment, the global enterprise artificial intelligence market is segmented into cloud and on-premise.
By vertical, the global enterprise artificial intelligence market is segmented into retail, healthcare, automotive, aerospace, media and entertainment, BFSI, IT and telecom, and others.
Regional Analysis:
North America dominates the global enterprise artificial intelligence market and is likely to retain its dominance over the forecast period due to the strong presence of major industry players in the region.
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