How big is the Enterprise AI Market?

The Enterprise AI Market size is expected to reach USD 38.19 billion in 2024 and grow at a CAGR of 52.17% to reach USD 311.64 billion by 2029. Read More

What is the current Enterprise AI Market size?

In 2024, the Enterprise AI Market size is expected to reach USD 38.19 billion. Read More

Who are the key players in Enterprise AI Market?

IBM Corporation, Oracle Corporation, Wipro Limited, Hewlett Packard Enterprise and Microsoft Corporation are the major companies operating in the Enterprise AI Market. Read More

Which is the fastest growing region in Enterprise AI Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Enterprise AI Market?

In 2024, the North America accounts for the largest market share in Enterprise AI Market. Read More

What years does this Enterprise AI Market cover, and what was the market size in 2023?

In 2023, the Enterprise AI Market size was estimated at USD 18.27 billion. The report covers the Enterprise AI Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Enterprise AI Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Enterprise AI Market Share

Statistics for the 2023 & 2024 Enterprise AI market share, created by Mordor Intelligence™ Industry Reports. Enterprise AI share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Enterprise AI Industry

The competitive rivalry in the Enterprise AI Market is high due to many significant players. Players like IBM, SAP SE, Hewlett Packard Enterprise, Google Inc., Microsoft Corporation, Oracle Corporation, and many more are trying to achieve maximum market share by designing new and innovative products for users. Their significant investments in research and Development, mergers & acquisitions, strategic expansion, funding, strategic partnership, etc., have allowed them to gain a competitive advantage.

August 2024: Sarvam AI, a startup based in Bengaluru and established just last year, unveiled a range of B2B products powered by its generative AI models. Targeting sectors such as financial services, legal services, consumer goods, technology, media, and telecom, Sarvam introduced a diverse product lineup on Tuesday. This lineup features Sarvam Agents, Sarvam 2B, Shuka 1.0, A1, and multiple Sarvam models tailored for various Indic languages.

In July 2024, Fujitsu entered into a strategic partnership with Cohere Inc., an enterprise AI company specializing in security and data privacy, with offices in Toronto and San Francisco. This partnership aims to develop and provide a large language model (LLM) that equips enterprises with advanced Japanese language capabilities, thereby enhancing customer and employee experiences.