By Deployment Mode: The market is segmented into cloud and on-premises. The cloud segment is expected to dominate in 2024, owing to its cost-effectiveness and scalability.
By Organization Size: The market is segmented into large enterprises and small and medium-sized enterprises (SMEs). The large enterprises segment is expected to dominate in 2024, due to their higher adoption of AI solutions to improve business processes and customer experience.
By Technology: The market is segmented into Machine Learning (ML), Natural Language Processing (NLP), and others. The ML segment is expected to dominate in 2024, driven by its ability to analyze large datasets and provide accurate insights.
By End-use Industry: The market is segmented into IT & telecom, healthcare, retail & e-commerce, media & advertisement, and others. The IT & telecom segment is expected to dominate in 2024, due to the increasing adoption of AI solutions to improve network management and customer experience.
Regional Analysis
North America is expected to dominate the global enterprise AI market in 2024, driven by the presence of major market players and the high adoption of AI solutions in various industries. However, the Asia-Pacific region is expected to witness the highest growth during the forecast period, owing to the increasing investments in AI technologies and the growing demand for AI solutions in emerging economies like China and India.
Key Players
The key players operating in the global enterprise AI market include IBM Corporation, Microsoft Corporation, Google LLC, Intel Corporation, Amazon Web Services, Inc., SAP SE, Oracle Corporation, Salesforce.com, Inc., SAS Institute Inc., and Infosys Limited.