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Enterprise Artificial Intelligence Market Trends, Growth, Future Demand, Analysis and Forecast by 2023

The rate of changes in the industrial technology is largely driven by the inception of artificial intelligence. Artificial intelligence is not considered as a single entity but an amalgamation of a different set of technologies and building blocks that create the base for various industrial solutions. The market for Enterprise Artificial Intelligence is expected to experience a high growth rate. The growing amount of data sets requiring to analyze, complex data for with integration of artificial intelligence for better efficiency.
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Regional Analysis
On the basis of geography, the market is studied for North America, Europe, Asia Pacific and rest of the world. Among all the regions, the market is dominated by North America due to the higher adoption rate of technology and a rich concentration of vendors providing services and solutions for Enterprise Artificial Intelligence for different applications. The United States is responsible for a major portion of the market growth, is due to early adoption of newer technology. The region grasps more than 70% of the prominent players providing services in this market. Europe closely follows North America in this market. Europe is expected to reach its maturity in 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 show a decent growth considering developments in Enterprise Artificial Intelligence market. India is advanced in software development and solutions. Various start-ups are building their base in artificial intelligence technology providing services and solutions to different industries.
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.
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.

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