COVID19:ENTERPRISE AI MARKET TO REACH USD 30.8 BILLION BY 2027 | CAGR 49% — FORENCIS RESEARCH

  • According to the new market research report “Enterprise AI Market by Component (Solution, Services), by Deployment (Cloud, On-Premises), by Technology Type (Machine Learning and Deep Learning and Natural Language Processing), by Application (Customer Support, Security and Risk Management, Process Automation, HR and Recruitment Management, Marketing Management and Analytics Application), by End-Use (Government, Banking, Financial Services and Insurance (BFSI), Energy and Utilities, Manufacturing, Media and Entertainment, Healthcare, and Retail and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) — Global Forecast (2020 to 2027)”, the global Enterprise AI Market is estimated to reach USD 30.8 Billion by 2027 at a CAGR of around 49% during the review period.
  • Enterprise AI has the ability to implant AI to enhance the learning, interaction and perception for the enterprise to project the business growth which will enhance the growth of the market in projected period.
  • Moreover, it will boost the business processes as well as sales process which will lead to enhance the demand of the enterprise AI market in the forecast period.
  • With the rising artificial intelligence-based cognitive solution is witness to increase the demand of the market in the forecast period. Whereas, the significant growth in machine learning will also advance the AI solution for the business growth.
  • In 2017, the Netflix has use machine learning for the level of personalization which help the company to improve its user by more than 20%.
  • One of the major key concern of the enterprise AI market is the lack of trained and experienced staff which may hamper the market growth. However, the machine learning and artificial intelligence requires an advance skill to process the data correctly.
  • The various IT framework of the business have also not been adequate to support the artificial intelligence workloads for the future. These will lead to hinder the growth of the enterprise AI market in the forecast period.
  • Asia-Pacific:
  • Europe
  • IBM Corporation:
  • SAP SE:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach