Market Overview:
The global business and enterprise AI market is expected to grow at a CAGR of 27.8% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for AI-enabled solutions across different industries, rising adoption of cloud-based services, and growing investments in R&D activities for developing new AI applications. The machine learning and deep learning segment is expected to account for the largest share of the global business and enterprise AI market in 2018. This segment is projected to grow at a CAGR of 29.5% during the forecast period. The natural language processing segment is also expected to grow at a high rate during the forecast period.
Product Definition:
Businesses and Enterprise AI are important because they allow companies to improve their efficiency and optimize their operations. Businesses can use AI to automate tasks, predict outcomes, and make better decisions. Enterprise AI can also help companies connect with customers and partners in new ways.
Machine Learning and Deep Learning:
Machine learning and deep learning are the two majorly used techniques in artificial intelligence (AI) market. While machine learning is the simpler of the two, it accounted for a larger market share as of now. However, deep neural networks are expected to gain higher traction over the forecast period owing to their use in more complicated AI applications such as image recognition and language translation.
The growth factor for this technology is its ability to learn from experience without being explicitly programmed.
Natural Language Processing:
Natural language processing (NLP) is the study of computer processing of human language. It aims at the transformation of English or other natural languages into computer languages with the help of tools and techniques. The field has witnessed tremendous growth in recent years owing to rapid technological advancements, rising demand for information storage and retrieval systems, increasing need for user-friendly interfaces, growing volumes on data generated every year through social media etc.
Application Insights:
The machine learning and deep learning segment dominated the global businesses and enterprise AI market in 2017. The segment is expected to witness a CAGR of XX% from 2018 to 2030. This growth can be attributed to the increasing adoption of neural networks, data mining techniques, text analytics, and image recognition systems in several applications such as fraud detection, customer profiling, risk management & assessment, forecasting & prediction analysis among others.
The advertising application is estimated to witness considerable growth over the forecast period owing to its abilityto deliver superior customer engagement through digital marketing campaigns with an increased level of efficiency across all channels. Moreover natural language processing enables advertisers¢â‚¬â„¢to understand their customers better by analyzing unstructured data such as blog posts comments etc., which further enhances overall business value for both companies involved in an advertisement transaction i.e.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of a large number of technology companies, such as Google, Inc.; IBM Corporation; Microsoft Corporation; and Amazon.com, Inc., which are actively investing in developing innovative technologies for business intelligence applications. Moreover, these companies are also focusing on providing cloud-based solutions for data analytics and advanced business processes supported by artificial intelligence technologies. This is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing investments from various governments across countries such as China and India along with other emerging economies including Singapore.
Growth Factors:
- Increased demand for AI services from businesses and enterprises due to the growing awareness of the benefits of AI technology.
- The continued advancement of AI technology, which will make it easier and more affordable for businesses and enterprises to adopt AI solutions.
- Growing number of startups focused on developing AI-based solutions that cater to the needs of businesses and enterprises.
- Increasing investment in artificial intelligence by businesses and enterprise organizations, which will help fuel further innovation in the field of artificial intelligence.
Scope Of The Report
Report Attributes
Report Details
Report Title
Businesses and Enterprise AI Market Research Report
By Type
Machine Learning and Deep Learning, Natural Language Processing
By Application
Banking, Financial Services, and Insurance, Advertising, Media, and Entertainment, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense, Transportation, Agriculture, Manufacturing, IT and Telecommunication, Others
By Companies
MicroStrategy Incorporated, Apple Inc, Amazon Web Services, Inc, International Business Machines Corporation, Wipro Limited, NVIDIA Corporation, Alphabet Inc. (Google Inc.), IPsoft Inc, SAP, Verint
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Businesses and Enterprise AI Market Report Segments:
The global Businesses and Enterprise AI market is segmented on the basis of:
Types
Machine Learning and Deep Learning, Natural Language Processing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services, and Insurance, Advertising, Media, and Entertainment, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense, Transportation, Agriculture, Manufacturing, IT and Telecommunication, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MicroStrategy Incorporated
- Apple Inc
- Amazon Web Services, Inc
- International Business Machines Corporation
- Wipro Limited
- NVIDIA Corporation
- Alphabet Inc. (Google Inc.)
- IPsoft Inc
- SAP
- Verint
Highlights of The Businesses and Enterprise AI Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Machine Learning and Deep Learning
- Natural Language Processing
- By Application:
- Banking, Financial Services, and Insurance
- Advertising, Media, and Entertainment
- Retail and Ecommerce
- Healthcare and Life Sciences
- Government and Defense
- Transportation
- Agriculture
- Manufacturing
- IT and Telecommunication
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Businesses and Enterprise AI Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Businesses and enterprise AI are two different things. Businesses use enterprise AI to automate tasks and make their operations more efficient. Enterprise AI can also help businesses predict future trends, identify risks, and make better decisions.
Some of the key players operating in the businesses and enterprise ai market are MicroStrategy Incorporated, Apple Inc, Amazon Web Services, Inc, International Business Machines Corporation, Wipro Limited, NVIDIA Corporation, Alphabet Inc. (Google Inc.), IPsoft Inc, SAP, Verint.
The businesses and enterprise ai market is expected to register a CAGR of 27.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Businesses and Enterprise AI Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Businesses and Enterprise AI Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Businesses and Enterprise AI Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Businesses and Enterprise AI Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Businesses and Enterprise AI Market Size & Forecast, 2018-2028
4.5.1 Businesses and Enterprise AI Market Size and Y-o-Y Growth
4.5.2 Businesses and Enterprise AI Market Absolute $ Opportunity
Chapter 5 Global Businesses and Enterprise AI Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Businesses and Enterprise AI Market Size Forecast by Type
5.2.1 Machine Learning and Deep Learning
5.2.2 Natural Language Processing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Businesses and Enterprise AI Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Businesses and Enterprise AI Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services
6.2.3 and Insurance
6.2.4 Advertising
6.2.5 Media
6.2.6 and Entertainment
6.2.7 Retail and Ecommerce
6.2.8 Healthcare and Life Sciences
6.2.9 Government and Defense
6.2.10 Transportation
6.2.11 Agriculture
6.2.12 Manufacturing
6.2.13 IT and Telecommunication
6.2.14 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Businesses and Enterprise AI Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Businesses and Enterprise AI Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Businesses and Enterprise AI Analysis and Forecast
9.1 Introduction
9.2 North America Businesses and Enterprise AI Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Businesses and Enterprise AI Market Size Forecast by Type
9.6.1 Machine Learning and Deep Learning
9.6.2 Natural Language Processing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Businesses and Enterprise AI Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services
9.10.3 and Insurance
9.10.4 Advertising
9.10.5 Media
9.10.6 and Entertainment
9.10.7 Retail and Ecommerce
9.10.8 Healthcare and Life Sciences
9.10.9 Government and Defense
9.10.10 Transportation
9.10.11 Agriculture
9.10.12 Manufacturing
9.10.13 IT and Telecommunication
9.10.14 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Businesses and Enterprise AI Analysis and Forecast
10.1 Introduction
10.2 Europe Businesses and Enterprise AI Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Businesses and Enterprise AI Market Size Forecast by Type
10.6.1 Machine Learning and Deep Learning
10.6.2 Natural Language Processing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Businesses and Enterprise AI Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services
10.10.3 and Insurance
10.10.4 Advertising
10.10.5 Media
10.10.6 and Entertainment
10.10.7 Retail and Ecommerce
10.10.8 Healthcare and Life Sciences
10.10.9 Government and Defense
10.10.10 Transportation
10.10.11 Agriculture
10.10.12 Manufacturing
10.10.13 IT and Telecommunication
10.10.14 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Businesses and Enterprise AI Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Businesses and Enterprise AI Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Businesses and Enterprise AI Market Size Forecast by Type
11.6.1 Machine Learning and Deep Learning
11.6.2 Natural Language Processing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Businesses and Enterprise AI Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services
11.10.3 and Insurance
11.10.4 Advertising
11.10.5 Media
11.10.6 and Entertainment
11.10.7 Retail and Ecommerce
11.10.8 Healthcare and Life Sciences
11.10.9 Government and Defense
11.10.10 Transportation
11.10.11 Agriculture
11.10.12 Manufacturing
11.10.13 IT and Telecommunication
11.10.14 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Businesses and Enterprise AI Analysis and Forecast
12.1 Introduction
12.2 Latin America Businesses and Enterprise AI Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Businesses and Enterprise AI Market Size Forecast by Type
12.6.1 Machine Learning and Deep Learning
12.6.2 Natural Language Processing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Businesses and Enterprise AI Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services
12.10.3 and Insurance
12.10.4 Advertising
12.10.5 Media
12.10.6 and Entertainment
12.10.7 Retail and Ecommerce
12.10.8 Healthcare and Life Sciences
12.10.9 Government and Defense
12.10.10 Transportation
12.10.11 Agriculture
12.10.12 Manufacturing
12.10.13 IT and Telecommunication
12.10.14 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Businesses and Enterprise AI Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Businesses and Enterprise AI Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Businesses and Enterprise AI Market Size Forecast by Type
13.6.1 Machine Learning and Deep Learning
13.6.2 Natural Language Processing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Businesses and Enterprise AI Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services
13.10.3 and Insurance
13.10.4 Advertising
13.10.5 Media
13.10.6 and Entertainment
13.10.7 Retail and Ecommerce
13.10.8 Healthcare and Life Sciences
13.10.9 Government and Defense
13.10.10 Transportation
13.10.11 Agriculture
13.10.12 Manufacturing
13.10.13 IT and Telecommunication
13.10.14 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Businesses and Enterprise AI Market: Competitive Dashboard
14.2 Global Businesses and Enterprise AI Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MicroStrategy Incorporated
14.3.2 Apple Inc
14.3.3 Amazon Web Services, Inc
14.3.4 International Business Machines Corporation
14.3.5 Wipro Limited
14.3.6 NVIDIA Corporation
14.3.7 Alphabet Inc. (Google Inc.)
14.3.8 IPsoft Inc
14.3.9 SAP
14.3.10 Verint
