Enterprise Artificial Intelligence (AI) Market Size Expected To Reach USD 59.17 Billion CAGR of 45.3%, By 2028 – Digital Journal

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.

Market Size USD 2,879.5 Million in 2020, Market Growth CAGR of 45.3%, Market Trends a Digitalization of enterprises.

The globalenterprise artificial intelligence (AI) marketis 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.

AI is expected to help advance the growth of IoT. With more and more data being produced from technologies like the IoT and virtual reality devices, AI and automation will be crucial in not only managing data but also in supporting the growing pressure on business networks. With businesses becoming more borderless, and far more competitive, AI and machine learning-powered networks are essential in enterprises to reduce complexity and repetition. However, concerns related to data security and privacy are hampering the market growth.

There are various different examples of major enterprises using machine learning: Rolls Royce uses it to analyze data from IoT sensors to spot telltale signs of wear in its engine of the plane and carry out required maintenance. Google uses DeepMinds reducing energy to cool its data centers by about 40%.

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Further key findings from the report suggest

To identify the key trends in the industry, click on the link below:https://www.reportsanddata.com/report-detail/enterprise-artificial-intelligence-ai-market

For the purpose of this report, Reports and Data have segmented into the global Enterprise Artificial Intelligence (AI) market on the basis of component, application area, organization size, deployment mode, end-users, and region:

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

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

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

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

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

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

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Enterprise Artificial Intelligence (AI) Market Size Expected To Reach USD 59.17 Billion CAGR of 45.3%, By 2028 - Digital Journal