Dublin, March 09, 2018 (GLOBE NEWSWIRE) -- The "Enterprise AI Market by Component, Technology, Application Area, Deployment, Organization Size, Industry & Region - Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The researcher 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.
Market Dynamics
Drivers
- Rising Demand for AI-Based Solutions and Platforms
- Need for Analyzing Large and Complex Data Sets
Restraints
- Slow Digitization Rate
Opportunities
- Growing Demand for Enhancing Business Functions
- Emerging Innovations Across Industries
Challenges
- Lack of Skilled Employees
- Concerns About Data Privacy
Regulatory Implications
- Federal Trade Commission (FTC)
- Health Insurance Portability and Accountability Act (HIPAA)
- Food and Drug Administration (FDA)
- International Organization for Standardization (ISO)
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.
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 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.
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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Enterprise Artificial Intelligence Market, By Component
7 Enterprise Artificial Intelligence Market, By Technology
8 Enterprise Artificial Intelligence Market, By Application Area
9 Enterprise Artificial Intelligence Market, By Deployment Type
10 Enterprise Artificial Intelligence Market, By Organization Size
11 Enterprise Artificial Intelligence Market, By Industry
12 Enterprise Artificial Intelligence Market, By Region
13 Competitive Landscape
14 Company Profiles
- AWS
- HPE
- IBM
- Intel
- Microsoft
- Oracle
- SAP
- Sentient Technologies
- Wipro
For more information about this report visit https://www.researchandmarkets.com/research/6gnrxl/6_14_billion?w=12