Enterprise AI Market by Component (Solution & Services), Technology, Application Area (Security & Risk, Marketing, Customer Support & Experience, HR & Recruitment, Process Automation), Deployment, Organization Size, Industry, & Region - Forecast to 2022
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MarketsandMarkets expects the global enterprise Artificial Intelligence (AI) market to grow from USD 845.4 million in 2017 to USD 6,141.5 million by 2022, at a Compound Annual Growth Rate (CAGR) of 48.7% during the forecast period. The rising demand for AI-based solutions and platforms, and the need to analyze large and complex data sets are expected to drive the growth of the enterprise AI market. The slow digitization rate, affecting the adoption of enterprise AI solutions in the emerging economies, is expected to act as the major restraint for the market growth.
The cloud deployment type is expected to have the larger market share during the forecast period
In the enterprise AI market, the cloud deployment type offers multiple benefits, such as reduced operational and maintenance costs, fewer complexities, and more scalability. The enterprise AI providers are focusing on the deployment of robust cloud-based solutions for their clients, as many organizations have started adopting the cloud-based deployment type. Additionally, the cloud deployment type is user-friendly, cost-effective, and easy to access.
The machine learning and deep learning technology is expected to have the larger market size during the forecast period
The enterprise AI market by technology is subsegmented into machine learning and deep learning, and Natural Language Processing (NLP). Among these, the machine learning and deep learning segment is expected to have the larger market size during the forecast period.
The machine learning and deep learning technology offers the most robust methodology to tap into the area of context that involves human-computer interactions, and provides close predictions based on the past data. This technology is useful in enterprises for automating the business operations.
North America is expected to have the largest market size in the enterprise AI market during the forecast period
Among regions, North America is expected to have the largest market size in the enterprise AI market during the forecast period. The North American region has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. A considerable growth is expected in the region during the forecast period. The major initiatives taken for the growth of the enterprise AI technology have their origin in this region. The organizations in this region have lately been making the best use of technology to eliminate operational hassles and ease their functioning.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the enterprise AI market.
By Company Type: Tier 1: 56%, Tier 2: 20%, and Tier 3: 24%
By Designation: C-Level: 72%, Manager Level: 28%
By Region: North America: 58%, Europe: 22%, and APAC: 20%
The report includes the study of the key players offering enterprise AI solutions, hardware, and services. IBM (US), Microsoft (US), AWS (US), Intel (US), Google (US), SAP (Germany), Sentient Technologies (US), Oracle (US), HPE (US), and Wipro (India) are a few companies that have been profiled in the report. The report includes an in-depth competitive analysis of these key enterprise AI market players, along with their company profiles, which include business overviews, product offerings, recent developments, and market strategies.
Research Coverage
The enterprise AI market has been segmented on the basis of components, technologies, services, application areas, deployment type, organization sizes, industries, and regions. The components segment is further segmented into solution and services. The services segment includes professional services and managed services. The technology segment of the enterprise AI market includes machine learning and deep learning, and NLP. The application area segment includes security and risk management, marketing management, customer support and experience, human resource and recruitment management, analytics application, and process automation. On the basis of deployment type, the enterprise AI market has been divided into cloud and on-premises deployments. On the basis of organization sizes, the enterprise AI market has been divided into Small and Medium-sized Businesses (SMBs) and large enterprises. Finally, on the basis of regions, the enterprise AI market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
The report will help the market leaders and new entrants in the enterprise AI market in the following ways:
1. The report segments the market into various subsegments, hence it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across various verticals and regions.
2. The report helps in understanding the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps in understanding the competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.
- INTRODUCTION
- OBJECTIVES OF THE STUDY
- MARKET DEFINITION
- MARKET SCOPE
- MARKETS COVERED
- YEARS CONSIDERED FOR THE STUDY
- CURRENCY
- STAKEHOLDERS
- RESEARCH METHODOLOGY
- RESEARCH DATA
- SECONDARY DATA
- PRIMARY DATA
- MARKET SIZE ESTIMATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH ASSUMPTIONS
- LIMITATIONS
- RESEARCH DATA
- EXECUTIVE SUMMARY
- PREMIUM INSIGHTS
- ATTRACTIVE MARKET OPPORTUNITIES IN THE ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET
- ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET: TOP 3 INDUSTRIES AND REGIONS
- GROWTH RATE OF INDUSTRY DURING THE FORECAST PERIOD
- MARKET OVERVIEW
- INTRODUCTION
- MARKET DYNAMICS
- DRIVERS
- RESTRAINTS
- OPPORTUNITIES
- CHALLENGES
- REGULATORY IMPLICATIONS
- INTRODUCTION
- FEDERAL TRADE COMMISSION (FTC)
- HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPAA)
- FOOD AND DRUG ADMINISTRATION (FDA)
- INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO)
- USE CASES
- USE CASE: 1
- USE CASE: 2
- USE CASE: 3
- ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET, BY COMPONENT
- INTRODUCTION
- Table ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
- SOLUTION
- Table SOLUTION: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- SERVICES
- Table ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
- PROFESSIONAL SERVICES
- Table PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- MANAGED SERVICES
- Table MANAGED SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- INTRODUCTION
- ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY
- INTRODUCTION
- Table ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
- MACHINE LEARNING AND DEEP LEARNING
- Table MACHINE LEARNING AND DEEP LEARNING: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- NATURAL LANGUAGE PROCESSING
- Table NATURAL LANGUAGE PROCESSING: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- INTRODUCTION
- ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION AREA
- INTRODUCTION
- Table ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
- SECURITY AND RISK MANAGEMENT
- Table SECURITY AND RISK MANAGEMENT: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- MARKETING MANAGEMENT
- Table MARKETING MANAGEMENT: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- CUSTOMER SUPPORT AND EXPERIENCE
- Table CUSTOMER SUPPORT AND EXPERIENCE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- HUMAN RESOURCES AND RECRUITMENT MANAGEMENT
- Table HUMAN RESOURCE AND RECRUITMENT MANAGEMENT: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- ANALYTICS APPLICATION
- Table ANALYTICS APPLICATION: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- PROCESS AUTOMATION
- Table PROCESS AUTOMATION: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- INTRODUCTION
- ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT TYPE
- INTRODUCTION
- Table ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
- CLOUD
- Table CLOUD: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- ON-PREMISES
- Table ON-PREMISES: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- INTRODUCTION
- ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET, BY ORGANIZATION SIZE
- INTRODUCTION
- Table ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
- SMALL AND MEDIUM-SIZED BUSINESSES
- Table SMALL AND MEDIUM-SIZED BUSINESSES: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- LARGE ENTERPRISES
- Table LARGE ENTERPRISES: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- INTRODUCTION
- ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET, BY INDUSTRY
- INTRODUCTION
- Table ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY INDUSTRY, 2015-2022 (USD MILLION)
- BANKING, FINANCIAL SERVICES, AND INSURANCE
- Table BANKING, FINANCIAL SERVICES, AND INSURANCE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- ADVERTISING, MEDIA, AND ENTERTAINMENT
- Table ADVERTISING, MEDIA, AND ENTERTAINMENT: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- RETAIL AND ECOMMERCE
- Table RETAIL AND ECOMMERCE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2017-2022 (USD MILLION)
- HEALTHCARE AND LIFE SCIENCES
- Table HEALTHCARE AND LIFE SCIENCES: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- GOVERNMENT AND DEFENSE
- Table GOVERNMENT AND DEFENSE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- TRANSPORTATION
- Table TRANSPORTATION: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- AGRICULTURE
- Table AGRICULTURE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- MANUFACTURING
- Table MANUFACTURING: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- IT AND TELECOMMUNICATION
- Table IT AND TELECOMMUNICATION: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- OTHERS
- Table OTHERS: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- INTRODUCTION
- ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET, BY REGION
- INTRODUCTION
- Table ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- NORTH AMERICA
- Table NORTH AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
- Table NORTH AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
- Table NORTH AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
- Table NORTH AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
- Table NORTH AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
- Table NORTH AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
- Table NORTH AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY INDUSTRY, 2015-2022 (USD MILLION)
- EUROPE
- Table EUROPE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY COMPONENT,2015-2022 (USD MILLION)
- Table EUROPE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
- Table EUROPE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
- Table EUROPE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
- Table EUROPE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
- Table EUROPE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
- Table EUROPE: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY INDUSTRY, 2015-2022 (USD MILLION)
- ASIA PACIFIC
- Table ASIA PACIFIC: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
- Table ASIA PACIFIC: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
- Table ASIA PACIFIC: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
- Table ASIA PACIFIC: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
- Table ASIA PACIFIC: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
- Table ASIA PACIFIC: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
- Table ASIA PACIFIC: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY INDUSTRY, 2015-2022 (USD MILLION)
- MIDDLE EAST AND AFRICA
- Table MIDDLE EAST AND AFRICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
- Table MIDDLE EAST AND AFRICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
- Table MIDDLE EAST AND AFRICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
- Table MIDDLE EAST AND AFRICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
- Table MIDDLE EAST AND AFRICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
- Table MIDDLE EAST AND AFRICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
- Table MIDDLE EAST AND AFRICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY INDUSTRY, 2015-2022 (USD MILLION)
- LATIN AMERICA
- Table LATIN AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
- Table LATIN AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
- Table LATIN AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
- Table LATIN AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
- Table LATIN AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
- Table LATIN AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
- Table LATIN AMERICA: ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET SIZE, BY INDUSTRY, 2015-2022 (USD MILLION)
- INTRODUCTION
- COMPETITIVE LANDSCAPE
- OVERVIEW
- KEY PLAYERS IN THE ENTERPRISE ARTIFICIAL INTELLIGENCE MARKET
- COMPETITIVE SCENARIO
- NEW PRODUCT LAUNCHES
- Table NEW PRODUCT LAUNCHES, 2015-2017
- AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS
- Table AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS, 2016-2017
- MERGERS AND ACQUISITIONS
- Table MERGERS AND ACQUISITIONS, 2016-2017
- NEW PRODUCT LAUNCHES
- COMPANY PROFILES
- IBM
- BUSINESS OVERVIEW
- SOLUTIONS OFFERED
- RECENT DEVELOPMENTS
- SWOT ANALYSIS
- MNM VIEW
- MICROSOFT
- BUSINESS OVERVIEW
- SOLUTIONS OFFERED
- RECENT DEVELOPMENTS
- SWOT ANALYSIS
- MNM VIEW
- AWS
- BUSINESS OVERVIEW
- SOLUTIONS OFFERED
- RECENT DEVELOPMENTS
- SWOT ANALYSIS
- MNM VIEW
- INTEL
- BUSINESS OVERVIEW
- SOLUTIONS OFFERED
- RECENT DEVELOPMENTS
- SWOT ANALYSIS
- MNM VIEW
- GOOGLE
- BUSINESS OVERVIEW
- SOLUTIONS OFFERED
- RECENT DEVELOPMENTS
- SWOT ANALYSIS
- MNM VIEW
- SAP
- BUSINESS OVERVIEW
- SOLUTIONS OFFERED
- RECENT DEVELOPMENTS
- MNM VIEW
- SENTIENT TECHNOLOGIES
- BUSINESS OVERVIEW
- SOLUTIONS OFFERED
- MNM VIEW
- ORACLE
- BUSINESS OVERVIEW
- SOLUTIONS OFFERED
- RECENT DEVELOPMENTS
- MNM VIEW
- HPE
- BUSINESS OVERVIEW
- SOLUTIONS OFFERED
- RECENT DEVELOPMENTS
- MNM VIEW
- WIPRO
- BUSINESS OVERVIEW
- SOLUTIONS OFFERED
- RECENT DEVELOPMENTS
- MNM VIEW
- IBM
- APPENDIX
- INSIGHTS OF INDUSTRY EXPERTS
- DISCUSSION GUIDE
- KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
- RELATED REPORTS
- AUTHOR DETAILS
