The Global Enterprise AI Market to grow at a CAGR of 45.04% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. he report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the adoption of AI in enterprises. Artificial intelligence tools are used by an enterprise for deriving information and making optional decisions. For an enterprise, AI primarily involves an input of customer date. AI has its own decision-making capabilities, which help enterprises personalize content for individual customers.
One trend affecting this market is the adoption of enterprise AI by SMEs. MNCs have the resources and technical expertise to integrate AI into their enterprises. According to the report, one driver influencing this market is the increasing interest in chatbot AI. Chatbot AI allows customers to communicate with a robot application instead of an actual human. Further, the report states that one challenge affecting this market is the lack of AI professionals. This is a major challenge for enterprises as there is no proper documentation that firms can use for implementing AI.