Enterprise AI
Enterprise AI Market by Component (Service, Solution), Technology (Computer Vision, Deep Learning, Edge Computing), Deployment, Organization Size, Application, End-User - Global Forecast 2024-2030
360iResearch Analyst
SPEAK TO ANALYST? OR FACE-TO-FACE MEETING?
Want to know more about the enterprise ai market or any specific requirement? Ketan helps you find what you're looking for.
DOWNLOAD A FREE PDF
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[199 Pages Report] The Enterprise AI Market size was estimated at USD 17.78 billion in 2023 and expected to reach USD 23.05 billion in 2024, at a CAGR 31.92% to reach USD 123.68 billion by 2030.

Enterprise AI refers to the strategic implementation of artificial intelligence (AI) technologies within organizations to improve efficiency, streamline operations, and enhance decision-making processes. It encompasses a suite of AI-powered applications and tools designed to address various business needs, ranging from predictive analytics and customer service automation to supply chain optimization and personalized marketing. The primary drivers of Enterprise AI are the demand for enhanced productivity, competitive differentiation, and customer satisfaction. As markets become increasingly data-driven, enterprises are leveraging AI to process large volumes of data for insights that inform strategic decisions. Additionally, the desire to automate complex processes and reduce operational costs fuels the adoption of AI within corporate entities. However, the shortage of skilled personnel capable of deploying and managing AI solutions impacts AI adoption in enterprises. Data privacy concerns, unclear regulatory environments, and the high initial costs of AI implementation pose considerable challenges to widespread adoption. Furthermore, innovations in AI algorithms and the increased capabilities of data processing boost market growth. Combining AI with IoT devices and edge computing can lead to innovations in real-time data processing and analytics.

Regional Insights

In the Americas, particularly in the United States and Canada, there is significant investment in AI technologies, with enterprise AI in a leading position due to its potential to enhance business operations and customer experiences. The region hosts numerous AI startups and established tech giants actively investing in AI research and development. The Americas region is characterized by a high adoption rate of AI tools in sectors including healthcare, finance, and retail, driven by the need to improve efficiency and competitive advantage. EU countries show a collaborative approach towards AI, guided by policies that emphasize ethical standards, privacy, and security. With substantial support from government bodies, European enterprises are increasingly integrating AI to enhance operational efficiency and sustainability, particularly in the manufacturing and automotive industries. In the Middle East, there is a strategic focus on diversifying economies away from oil dependency, leading to significant investments in AI as part of their digital transformation strategies. African enterprises, albeit at an earlier stage of AI adoption, are beginning to explore uses in agriculture for predicting crop yields, healthcare for disease prediction, and finance for enhanced digital services. Investment is growing, assisted by governmental and international aid emphasizing technological advancement for economic growth. In the APAC, China, Japan, and India are significant countries in AI investment and implementation. The government’s ambitious AI development plan has propelled vast resources into AI research and technological infrastructure, making it ripe for enterprise AI adoption in areas including surveillance, e-commerce, and smart cities. Japan focuses heavily on robotics and deep learning technologies, integrating these into industries such as automotive and electronics. India presents a dynamic landscape with rapid adoption driven by its IT and software service industries.

Enterprise AI Market
To learn more about this report, request a free PDF copy
Market Dynamics

The market dynamics represent an ever-changing landscape of the Enterprise AI Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increasing adoption of digitalization in several industries
    • Surging need for data-driven solutions across businesses
    • Rising demand for efficient work-flow management in companies
  • Market Restraints
    • Lack of technical expertise and resources
  • Market Opportunities
    • Availability of customized enterprise AI solutions
    • Substantial investment in artificial intelligence technologies
  • Market Challenges
    • Risks associated with data privacy and security
Market Segmentation Analysis
  • Technology: Ongoing advancements in natural language processing models for more efficient and context-aware

    Computer vision technology enables computers and systems to emanate meaningful data from digital images, videos, and other visual inputs and act on that information. It is crucial for quality inspection, surveillance, and facial recognition tasks. Deep learning utilizes neural networks with three or more layers. These networks can automatically discover representations from data such as images or sound. Deep learning is fundamental for voice recognition, recommendation, and autonomous vehicles. Edge computing involves processing data near the network's edge where the data is being generated rather than in a central data center. It is essential for real-time applications such as smart grids, the Internet of Things (IoT), and self-driving cars. Machine learning helps systems to learn and improve from experiences without being explicitly programmed. Its vast applications include predictive maintenance, fraud detection, and customer segmentation. Natural language processing helps computers to understand, interpret, and manipulate human language. This technology underpins chatbots, translation services, and sentiment analysis tools.

  • End-User: Increasing significance of AI in healthcare sector to streamline operations and enhance decision-making

    In agriculture, AI applications aim to enhance productivity and efficiency. Tools such as AI-driven analytics help predict crop health, manage pests through image recognition technologies, and optimize resources, including water and fertilizers. These technologies lead to smarter, more efficient farm management. AI in the automotive & transportation sector focuses on improving safety and enhancing logistics. Autonomous driving technologies use AI to interpret sensory information to identify appropriate navigation paths, detect obstacles, and enable safe driving. Similarly, AI optimizes supply chain operations and predicts maintenance needs in vehicles and transport systems. AI in BFSI mainly targets risk assessment, fraud detection, customer service enhancement through chatbots, and personalized financial advice. AI algorithms analyze expansive amounts of data to identify patterns that help in making financial decisions and detecting anomalies that may indicate fraudulent activities. AI in healthcare offers significant advancements in diagnostics, personalized medicine, and patient care management. AI tools analyze medical data much faster than human capabilities, leading to quicker decision-making. Applications range from robot-assisted surgeries to virtual nursing assistants and automated diagnostic tests. AI drives the improvement of network reliability, customer service, and cybersecurity in the IT & telecommunications sector. AI systems analyze network traffic to predict and prevent overloads and outages. Additionally, AI enhances customer interactions through smart chatbots and personalized user experiences by analyzing behavior patterns. In manufacturing, AI optimizes production lines and improves operational efficiency through predictive maintenance and quality control. AI systems can predict machine failures before they occur and analyze processes to identify inefficiencies or quality slippages. AI in the media & advertising segment is used to create personalized content recommendations, optimize marketing campaigns, and automate content creation. AI analyzes consumer behavior to tailor advertisements and content to individual preferences, thus improving engagement rates. AI enhances the shopping experience by providing personalized recommendations based on consumer behavior analysis. It also optimizes inventory management and logistics, predicting the demand for products and automating restocking procedures.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Enterprise AI Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Enterprise AI Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Enterprise AI Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Enterprise AI Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Enterprise AI Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Enterprise AI Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Enterprise AI Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Enterprise AI Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Enterprise AI Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Enterprise AI Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

As a satisfied client of the Enterprise AI Market Research Report published by 360iResearch, Infosys Limited greatly benefited from the insights on the surging need for data-driven solutions across businesses. Before leveraging the report, we struggled to align our AI initiatives with market demands. The valuable insights and actionable strategies provided by the report enabled us to fine-tune our approach and deliver solutions that better met our clients' needs. For instance, our operational efficiency increased by 25%, and client satisfaction saw a remarkable improvement. Overall, the report has been pivotal in positively impacting our organization's operations, solidifying our market position.
Infosys Limited
FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Enterprise AI Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Enterprise AI Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Intel Advances Enterprise AI Landscape with Introduction of Gaudi 3 and Collaborative Open AI Systems

    Intel announced the launch of Gaudi 3, a significant development in their AI open systems strategy aimed at enhancing enterprise AI capabilities. These efforts are designed to foster a more integrated and accessible AI ecosystem, ensuring that enterprises can fully leverage advanced AI solutions to drive innovation and efficiency in their operations. [Published On: 2024-04-09]

  • Wipro Launches Advanced AI Services Platform for Global Enterprises

    Wipro has introduced a new platform designed to enhance its delivery of enterprise-level artificial intelligence (AI) services to clients worldwide. This platform aims to boost operational efficiencies, refine customer experiences, and foster innovation by integrating data management capabilities with AI and analytics. Recognized for aiming to tackle complex business challenges, Wipro's platform is equipped to serve various sectors, including banking, healthcare, and retail, marking a significant step in adapting next-generation technologies to meet diverse client needs effectively. [Published On: 2024-02-20]

  • Recorded Future Unveils New Enterprise AI Platform to Enhance Business Intelligence

    Recorded Future has introduced a new Enterprise AI platform designed to significantly advance businesses' intelligence capabilities. The platform leverages state-of-the-art artificial intelligence to analyze vast datasets, enabling companies to uncover, interpret, and utilize actionable intelligence more effectively. By integrating real-time threat analysis and mitigation, this innovative solution promises to enhance security and improve overall business decision-making. [Published On: 2024-02-14]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Enterprise AI Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Our team at Cisco Systems, Inc. faced significant hurdles in making data-driven decisions to allocate resources for AI investments effectively. The Enterprise AI Market Research Report from 360iResearch provided us with invaluable insights and actionable strategies that transformed our approach. The detailed analysis pinpointed emerging trends and investment opportunities, enabling us to make informed strategic decisions. As a result, we saw a substantial improvement in operational efficiency and a marked increase in our ROI on AI technologies. We are thoroughly impressed with the comprehensive depth and clarity of the report and highly recommend it to any organization investing in AI.
Cisco Systems, Inc.
Key Company Profiles

The report delves into recent significant developments in the Enterprise AI Market, highlighting leading vendors and their innovative profiles. These include Infosys Limited, Cisco Systems, Inc., Fujitsu Limited, Adobe Inc., Amazon Web Services, Inc., Google LLC by Alphabet Inc., Salesforce, Inc., Recorded Future, Genpact, International Business Machines Corporation, Accenture PLC, Siemens AG, Huawei Technologies Co., Ltd., Dell Inc., Dataiku, Hewlett Packard Enterprise Development LP, SAP SE, Cognizant Technology Solutions Corporation, Tata Consultancy Services, C3.ai, Inc., Microsoft Corporation, Intel Corporation, Nvidia Corporation, Hitachi, Ltd., Databricks, Inc., Chetu Inc., Alteryx, Inc., OpenAI OpCo, LLC, Wipro Limited, Oracle Corporation, and NEC Corporation.

Enterprise AI Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Market Segmentation & Coverage

This research report categorizes the Enterprise AI Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Service
      • Managed Service
      • Professional Service
    • Solution
  • Technology
    • Computer Vision
    • Deep Learning
    • Edge Computing
    • Machine Learning
    • Natural Language Processing
  • Deployment
    • On-Cloud
    • On-Premises
  • Organization Size
    • Large Enterprises
    • Small & Medium Enterprises
  • Application
    • Analytics Application
    • Customer Support & Experience
    • Human resource & Recruitment Management
    • Marketing Management
    • Process Automation
    • Security & Risk Management
  • End-User
    • Agriculture
    • Automotive & Transportation
    • BFSI
    • Healthcare
    • IT & Telecommunications
    • Manufacturing
    • Media & Advertising
    • Retail & eCommerce

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

As a satisfied client of the Enterprise AI Market Research Report from 360iResearch, we faced the challenge of identifying customized enterprise AI solutions. The report provided us with valuable insights and actionable strategies, including specific industry trends and competitive analysis. These findings have significantly benefited our operations, resulting in streamlined processes and enhanced decision-making. Overall, we are immensely satisfied with how the report positively impacted our organization.
Fujitsu Limited
This research report offers invaluable insights into various crucial aspects of the Enterprise AI Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Enterprise AI Market, by Component
  7. Enterprise AI Market, by Technology
  8. Enterprise AI Market, by Deployment
  9. Enterprise AI Market, by Organization Size
  10. Enterprise AI Market, by Application
  11. Enterprise AI Market, by End-User
  12. Americas Enterprise AI Market
  13. Asia-Pacific Enterprise AI Market
  14. Europe, Middle East & Africa Enterprise AI Market
  15. Competitive Landscape
  16. Competitive Portfolio
  17. List of Figures [Total: 28]
  18. List of Tables [Total: 658]
  19. List of Companies Mentioned [Total: 31]
Enterprise AI: Driving Digital Transformation in Industries Worldwide
August 8, 2023
BLOG
Enterprise AI: Driving Digital Transformation in Industries Worldwide
As the world progresses towards digitalization, more industries are adopting Artificial Intelligence (AI) to enhance their operations and improve efficiency. AI has become a game-changer, enabling businesses to leverage data and gain insights for better decision-making, predictions, and automation of business processes. Enterprise AI drives digital transformation across different industries, powering machines with human-like capabilities and transforming businesses' operations.

Healthcare:

The healthcare industry has been one of the biggest benefactors of AI, which is used to improve diagnostics, treatment planning, and drug development. Enterprise AI is used to evaluate massive volumes of medical data to detect trends and anticipate results, resulting in better diagnosis, faster medication development, and better patient outcomes. In addition, the use of AI-powered robots and machines in healthcare operations has reduced the workload of healthcare professionals and improved efficiency.

Manufacturing:

The manufacturing industry leverages Enterprise AI to optimize production processes. By analyzing data on manufacturing processes, AI can identify inefficiencies and suggest improvements to reduce costs, increase productivity and quality. In addition, AI is used to monitor equipment, predict equipment failure, and schedule maintenance, reducing downtime and increasing overall efficiency.

Finance:

The finance industry has been an early adopter of AI, using it to automate back-office functions, detect fraud, and predict market trends. Enterprise AI can analyze large amounts of data, identify patterns, and make predictions to guide investment strategies. Furthermore, AI-powered chatbots are being utilized to assist customers and automate routine processes such as opening a bank account or applying for a loan.

Retail:

The retail industry uses Enterprise AI to improve customer experiences and personalize product recommendations. AI is being used to analyze customer data, predict customer preferences, and suggest products that customers are likely to buy. In addition, AI-powered supply chain management is being used to optimize inventory levels, track products, and improve delivery times.

Energy:

The energy industry is leveraging Enterprise AI to optimize energy production, reduce costs, and increase efficiency. AI is used to analyze energy usage data, identify inefficiencies, and suggest improvements. In addition, AI-powered sensors are being used to monitor energy generation and consumption, improving equipment performance and reducing downtime.

Enterprise AI drives digital transformation across different industries, from healthcare to energy, and its impact on business operations and efficiency cannot be underestimated. With the increasing adoption of digitalization, AI is poised to increase further, transforming industries worldwide as businesses look for methods to streamline their operations and improve efficiency.

Frequently Asked Questions
  1. How big is the Enterprise AI Market?
    Ans. The Global Enterprise AI Market size was estimated at USD 17.78 billion in 2023 and expected to reach USD 23.05 billion in 2024.
  2. What is the Enterprise AI Market growth?
    Ans. The Global Enterprise AI Market to grow USD 123.68 billion by 2030, at a CAGR of 31.92%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.