Enterprise Artificial Intelligence Market Scope
Artificial intelligence is the ability to process information in a way similar to the thought process of humans in learning, decision making, and problem-solving. AI can be beneficial to enterprises in a number of ways that change the way in which organizations communicate & innovate their processes, engage with customers, and assess the sales process. The number of commercial deployments of AI technology is rising significantly around the globe.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Enterprise Artificial Intelligence market throughout the predicted period.
SAS Institute (United States), IBM (United States), Microsoft (United States), Amazon Web Services (United States), Intel (United States), Google (United States), SAP SE (Germany), Dataiku (United States), DataRobot, Inc. (United States), Sentinent Technologies (United States) and Oracle Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Hewlett Packard Enterprise (United States) and Wipro Technologies (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Enterprise Artificial Intelligence market , by Application (Security and risk management, Marketing management, Customer support and experience, Human resource and recruitment management, Analytics application and Process automation) and Region with country level break-up.
On the basis of geography, the market of Enterprise Artificial Intelligence has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In June 2020, Dataiku announced its engagement in a partnership with Snowflake. Together, the companies deliver cloud-ready, Enterprise AI solutions that empower organizations with critical insights for decision making, through collaboration between data analysts and data scientists and performance optimization, all at enterprise scale.
In June 2020, DataRobot announced enhancements to its enterprise AI platform designed to take enterprise AI to new heights. These enhancements include a Use Case Value Tracker, Location AI, Champion/Challenger Models and Humble AI for MLOps, and Anomaly Detection for Time Series.
Market Trend
- Developing Smarter Virtual Assistants and Robots
Market Drivers
- Increasing Demand for Artificial Intelligence-based Solutions and Platforms
- Growing Need for Analyzing and Interpreting a Large Amount of Data
Opportunities
- Growing Demand for Enhancing Business Functions
- Increase in Adoption of AI in Developing Economies
Restraints
- Lack of Trained and Experienced Staff
Challenges
- Concerns About Data Privacy
Key Target Audience
Government agencies, Enterprise AI solution/service vendors, Application Developers, System Integrators, Application end-users and Potential Investors