Enterprise artificial intelligence (AI) market is anticipated to grow at a CAGR of 27.6% during the forecast period (2024-2031). The global enterprise AI market is attributed to advancements in AI technology, the increasing availability of data, and the demand for improved business efficiency and competitiveness. Enterprises are adopting AI owing to advancements in machine learning, deep learning, natural language processing, big data analytics, and IoT integration. AI-powered automation solutions help streamline tasks, reduce errors, and provide personalized offerings. Additionally, AI offers cost savings, scalability, and the ability to differentiate in the market through innovation. Supportive regulatory frameworks and ethical guidelines are also driving the adoption of AI, fostering an environment that encourages innovation.
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The growing data availability from IoT devices, social media, and business operations is transforming AI systems, enabling enterprises to gain insights, automate processes, and improve decision-making. In May 2024, Google Cloud Consulting launched the Generative AI Ops service aims to assist enterprises in transitioning new AI workloads into production. The service provides a team of experts to assist companies in navigating the complex process of generative AI systems design, large language model architectures, and prompt engineering.
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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Market Segmentation
Global Enterprise Artificial Intelligence Market by Component
Solution
Services
Professional Services
Managed Services
Global Enterprise Artificial Intelligence Market by Technology
Machine Learning and Deep Learning
Natural Language Processing (NLP)
Global Enterprise Artificial Intelligence Market by Application
Security and Risk Management
Marketing Management
Customer Support And Experience
Human Resource And Recruitment Management
Analytics Application
Process Automation
Global Enterprise Artificial Intelligence Market by Deployment Type
Cloud
On-premises
Global Enterprise Artificial Intelligence Market by Organization
Large Enterprises
Small And Medium Enterprises
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Adobe Inc.
Amazon Web Services, Inc.
Baidu Inc.
ai, Inc.
Cisco Systems, Inc.
Cloudera, Inc.
DataRobot, Inc.
Hewlett Packard Enterprise Co.
Intel Corp.
NVIDIA Corp.
OpenAI
Oracle Corp.
Palantir Technologies Inc.
Salesforce, Inc.
SAP SE
Siemens AG
Wipro Ltd.
The Report Covers
Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global enterprise AI market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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