Global Enterprise AI Market to Become USD 42292.4 Million by 2026

Global Enterprise AI Market: Industry Analysis and Forecast (2017-2026) _ by Component, Technology, Application Area, Deployment Mode, Organization Size, and by Geography

Enterprise AI Market is expected to grow from USD 627 Million in 2016 to USD 42292.4 Million by 2026, at a CAGR of 52.37% between 2017 and 2026.

Market Research Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the software, service, deployment type, organization size, verticals and geography to assist in strategic business planning.

Enterprises are undoubtedly identifying the value related with an incorporation of artificial intelligence (AI) into the business processes. The various pilot programs and proof-of-concept programs continue to grow and expand on larger scale commercialized deployments of AI technology, that are being exposed by various organizations globally. The major part of the achievement of AI is due to the fact that most tasks at present given to AI technology are data-driven and therefore easily measured or benchmarked.

The rising adoption of solutions and platforms based on artificial intelligence and growing necessity for the analysis of large and complex data sets are the major driving factors for the growth of this market in the forecast period

The analytics automation segment is expected to witness lucrative market growth:

The analytics automation segment is anticipated to witness the largest market share during the forecast period. The analytics automation is a data discovery application that reviews information with the help of AI in order to save time for decision-making. AI is evidencing to be a very supportive tool for aligning an enterprise’s business objectives with the AI technologies supporting those objectives.

APAC is expected to hold a major chunk of the market during the forecast period:

Europe is expected to hold of the largest market share for Enterprise AI market among other regions in 2016 and North American region has shown improved investments in the enterprise AI market, and several vendors have grown in order cater to the rapidly growing market. A swift growth is estimated in the region during the forecast period.

The scope of the Report

Global Enterprise AI Market, by Component: Solutions, Services

Global Enterprise AI Market, by Technology: Natural Language Processing, Machine Learning & Deep Learning

Global Enterprise AI Market, by Application Area: Marketing Management, Human Resource & Recruitment Management, Security & Risk Management, Customer Support & Experience, Process Application, Analytics Automation

Global Enterprise AI Market, by Deployment Mode: Cloud, On-premises

Global Enterprise AI Market, by Organization Size: Large Enterprises, Small & Medium Enterprises

Global Enterprise AI Market, by Geography: North America, Europe, Asia Pacific, Middle East & Africa and Latin America

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