The growing demand for AI-based solutions and the need to analyze a complex and large amount of data is driving the market for Enterprise Artificial Intelligence.

The global enterprise artificial intelligence (AI) market is forecast to reach USD 59.17 Billion by 2028, according to a new report by Reports and Data. With the advancements in technology, enterprises are taking advantage of intelligent automation, such as machine learning, to improve the operations of business, improve customer experience, and drive innovation.

Artificial Intelligence (AI) is transforming businesses across industries, delivering new opportunities through automated products. Machine learning falls under AI and is used to teach computers how to carry out various range of tasks by analyzing vast amounts of data. Interests in machine learning have increased owing to the breakthroughs in areas such as speech recognition, computer vision, and natural language understanding. Machine learning helps enterprises by automating large areas of work like back-office administration roles, customer contact center queries, and even eventually driving vehicles.

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The information and communication technology sector is rapidly gaining traction owing to rapid technological advancements, high demand for smartphones, laptops, computers and other modern electronic devices, and increasing adoption of latest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cloud services. The ICT sector consists of several sections, software, hardware, telecommunications and other services. Factors such as increasing demand for advanced ICT services in BFSI, agriculture, retail, hospital and healthcare, rapid adoption of digitalization, rising number of internet users and high demand of advanced services and devices are expected to drive global market revenue growth during the forecast period. Other factors such as increasing need for managing large data base, rising concerns about data security and increasing investments in R&D activities are expected to boost market growth during the forecast period.

Competitive Landscape:

Competitive landscape of global Keyword market is quite fragmented with regional and global key players. These market players are involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to retain their market position and expand their product portfolio.

some leading companies operating in the global Keyword market:

Oracle, IBM, SAP, Microsoft, Sentient Technologies, Google, Wipro, AWS, Apple Inc., Amazon Web Services, Inc., among others.

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The global market is further segmented into type and application:

Component Outlook (Revenue: USD Billion; 2018-2028)

• Solution
• Services

Application Area Outlook (Revenue: USD Billion; 2018-2028)

• Marketing Management
• Analytics Application
• Customer Support and Experience
• Human Resource and Recruitment Management
• Security and Risk Management
• Process Automation

Organization Size Outlook (Revenue: USD Billion; 2018-2028)

• Small and Medium enterprises
• Large Enterprises

Deployment Mode Outlook (Revenue: USD Billion; 2018-2028)

• On-Premises
• Cloud

End Users Outlook (Revenue: USD Billion; 2018-2028)

• BFSI
• Advertising, Media and Entertainment
• Healthcare
• Transportation
• Manufacturing
• Agriculture
• IT and Telecommunications
• Retail and Ecommerce
• Government and Defense

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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