The North America Enterprise Artificial Intelligence Market would witness market growth of 30.2% CAGR during the forecast period (2022-2028).
Natural language processing (NLP) communication allows computers to execute a variety of extra tasks as a result of the growing enterprise data volume, including processing huge amounts of data utilising NLP to extract data, obtaining data, and streamlining summarization, machine translation, and dialogue systems. Given that many companies have moved to either private or public clouds, AI platform vendors are concentrating on creating robust cloud-based installations for their clients.
The demand for artificial intelligence amongst businesses is being driven by factors including the increasing desire for chatbots, virtual assistants, and robots from different businesses and the increasing requirement to assess the exponentially rising demand for data sets. Also, the switch from conventional to digital business platforms is boosting demand for artificial intelligence technologies among firms around the world.
Canada is investing a lot of money on AI. Immediately after the introduction of the government budget in April 2021, it was revealed that Canada would contribute significantly to help AI research become commercially viable. Along with this investment, there are plans to boost the Pan-Canadian Artificial Intelligence Strategy's funding to millions of dollars over ten years. Although artificial intelligence has been popular for the past ten years, the usage of AI in conjunction with 5G's instantaneous response and hyper-connectivity is reviving the field's potential.
The US market dominated the North America Enterprise Artificial Intelligence Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17,742.9 million by 2028. The Canada market is poised to grow at a CAGR of 33.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 32% during (2022 - 2028).
Based on Vertical, the market is segmented into IT & Telecom, BFSI, Automotive & Transportation, Retail, Media & Advertising, Healthcare & Life Sciences, and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Technology, the market is segmented into Natural Language Processing (NLP), Machine Learning, Computer Vision, Speech Recognition, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Enterprise Artificial Intelligence Market is Estimated to reach $67.2 Billion by 2028, at a CAGR of 30.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon Web Services, Inc., IBM Corporation, Apple, Inc., SAP SE, Wipro Limited., MicroStrategy, Inc., NVIDIA Corporation, Verint Systems, Inc., and IPsoft, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Vertical
- IT & Telecom
- BFSI
- Automotive & Transportation
- Retail
- Media & Advertising
- Healthcare & Life Sciences
- Others
By Deployment Type
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Technology
- Natural Language Processing (NLP)
- Machine Learning
- Computer Vision
- Speech Recognition
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Google LLC
- Amazon Web Services, Inc.
- IBM Corporation
- Apple, Inc.
- SAP SE
- Wipro Limited.
- MicroStrategy, Inc.
- NVIDIA Corporation
- Verint Systems, Inc.
- IPsoft, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Enterprise Artificial Intelligence Market, by Vertical
1.4.2 North America Enterprise Artificial Intelligence Market, by Deployment Type
1.4.3 North America Enterprise Artificial Intelligence Market, by Organization Size
1.4.4 North America Enterprise Artificial Intelligence Market, by Technology
1.4.5 North America Enterprise Artificial Intelligence Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisition and Mergers: 2020, Dec – 2022, Jul) Leading Players
Chapter 4. North America Enterprise Artificial Intelligence Market by Vertical
4.1 North America IT & Telecom Market by Country
4.2 North America BFSI Market by Country
4.3 North America Automotive & Transportation Market by Country
4.4 North America Retail Market by Country
4.5 North America Media & Advertising Market by Country
4.6 North America Healthcare & Life Sciences Market by Country
4.7 North America Other Vertical Market by Country
Chapter 5. North America Enterprise Artificial Intelligence Market by Deployment Type
5.1 North America Cloud Market by Country
5.2 North America On-premise Market by Country
Chapter 6. North America Enterprise Artificial Intelligence Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium Enterprises Market by Country
Chapter 7. North America Enterprise Artificial Intelligence Market by Technology
7.1 North America Natural Language Processing (NLP) Market by Country
7.2 North America Machine Learning Market by Country
7.3 North America Computer Vision Market by Country
7.4 North America Speech Recognition Market by Country
7.5 North America Others Market by Country
Chapter 8. North America Enterprise Artificial Intelligence Market by Country
8.1 US Enterprise Artificial Intelligence Market
8.1.1 US Enterprise Artificial Intelligence Market by Vertical
8.1.2 US Enterprise Artificial Intelligence Market by Deployment Type
8.1.3 US Enterprise Artificial Intelligence Market by Organization Size
8.1.4 US Enterprise Artificial Intelligence Market by Technology
8.2 Canada Enterprise Artificial Intelligence Market
8.2.1 Canada Enterprise Artificial Intelligence Market by Vertical
8.2.2 Canada Enterprise Artificial Intelligence Market by Deployment Type
8.2.3 Canada Enterprise Artificial Intelligence Market by Organization Size
8.2.4 Canada Enterprise Artificial Intelligence Market by Technology
8.3 Mexico Enterprise Artificial Intelligence Market
8.3.1 Mexico Enterprise Artificial Intelligence Market by Vertical
8.3.2 Mexico Enterprise Artificial Intelligence Market by Deployment Type
8.3.3 Mexico Enterprise Artificial Intelligence Market by Organization Size
8.3.4 Mexico Enterprise Artificial Intelligence Market by Technology
8.4 Rest of North America Enterprise Artificial Intelligence Market
8.4.1 Rest of North America Enterprise Artificial Intelligence Market by Vertical
8.4.2 Rest of North America Enterprise Artificial Intelligence Market by Deployment Type
8.4.3 Rest of North America Enterprise Artificial Intelligence Market by Organization Size
8.4.4 Rest of North America Enterprise Artificial Intelligence Market by Technology
Chapter 9. Company Profiles
9.1 Google LLC
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Product Launches and Product Expansions:
9.2.5 SWOT Analysis
9.3 IBM Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional & Segmental Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Apple, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 SAP SE
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Wipro Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Acquisition and Mergers:
9.7 MicroStrategy, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.8 NVIDIA Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 Verint Systems, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research and Development Expense
9.10. IPsoft, Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Enterprise Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 2 North America Enterprise Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Enterprise Artificial Intelligence Market
TABLE 4 Product Launches And Product Expansions– Enterprise Artificial Intelligence Market
TABLE 5 Acquisition and Mergers– Enterprise Artificial Intelligence Market
TABLE 6 North America Enterprise Artificial Intelligence Market by Vertical, 2018 - 2021, USD Million
TABLE 7 North America Enterprise Artificial Intelligence Market by Vertical, 2022 - 2028, USD Million
TABLE 8 North America IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 9 North America IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 10 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 11 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Automotive & Transportation Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Automotive & Transportation Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Retail Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Media & Advertising Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Media & Advertising Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Other Vertical Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Other Vertical Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Enterprise Artificial Intelligence Market by Deployment Type, 2018 - 2021, USD Million
TABLE 23 North America Enterprise Artificial Intelligence Market by Deployment Type, 2022 - 2028, USD Million
TABLE 24 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 26 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 27 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Enterprise Artificial Intelligence Market by Organization Size, 2018 - 2021, USD Million
TABLE 29 North America Enterprise Artificial Intelligence Market by Organization Size, 2022 - 2028, USD Million
TABLE 30 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Enterprise Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 35 North America Enterprise Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 36 North America Natural Language Processing (NLP) Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Natural Language Processing (NLP) Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Machine Learning Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Machine Learning Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Computer Vision Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Computer Vision Market by Country, 2022 - 2028, USD Million
TABLE 42 North America Speech Recognition Market by Country, 2018 - 2021, USD Million
TABLE 43 North America Speech Recognition Market by Country, 2022 - 2028, USD Million
TABLE 44 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 45 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 46 North America Enterprise Artificial Intelligence Market by Country, 2018 - 2021, USD Million
TABLE 47 North America Enterprise Artificial Intelligence Market by Country, 2022 - 2028, USD Million
TABLE 48 US Enterprise Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 49 US Enterprise Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 50 US Enterprise Artificial Intelligence Market by Vertical, 2018 - 2021, USD Million
TABLE 51 US Enterprise Artificial Intelligence Market by Vertical, 2022 - 2028, USD Million
TABLE 52 US Enterprise Artificial Intelligence Market by Deployment Type, 2018 - 2021, USD Million
TABLE 53 US Enterprise Artificial Intelligence Market by Deployment Type, 2022 - 2028, USD Million
TABLE 54 US Enterprise Artificial Intelligence Market by Organization Size, 2018 - 2021, USD Million
TABLE 55 US Enterprise Artificial Intelligence Market by Organization Size, 2022 - 2028, USD Million
TABLE 56 US Enterprise Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 57 US Enterprise Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 58 Canada Enterprise Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 59 Canada Enterprise Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 60 Canada Enterprise Artificial Intelligence Market by Vertical, 2018 - 2021, USD Million
TABLE 61 Canada Enterprise Artificial Intelligence Market by Vertical, 2022 - 2028, USD Million
TABLE 62 Canada Enterprise Artificial Intelligence Market by Deployment Type, 2018 - 2021, USD Million
TABLE 63 Canada Enterprise Artificial Intelligence Market by Deployment Type, 2022 - 2028, USD Million
TABLE 64 Canada Enterprise Artificial Intelligence Market by Organization Size, 2018 - 2021, USD Million
TABLE 65 Canada Enterprise Artificial Intelligence Market by Organization Size, 2022 - 2028, USD Million
TABLE 66 Canada Enterprise Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 67 Canada Enterprise Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 68 Mexico Enterprise Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 69 Mexico Enterprise Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 70 Mexico Enterprise Artificial Intelligence Market by Vertical, 2018 - 2021, USD Million
TABLE 71 Mexico Enterprise Artificial Intelligence Market by Vertical, 2022 - 2028, USD Million
TABLE 72 Mexico Enterprise Artificial Intelligence Market by Deployment Type, 2018 - 2021, USD Million
TABLE 73 Mexico Enterprise Artificial Intelligence Market by Deployment Type, 2022 - 2028, USD Million
TABLE 74 Mexico Enterprise Artificial Intelligence Market by Organization Size, 2018 - 2021, USD Million
TABLE 75 Mexico Enterprise Artificial Intelligence Market by Organization Size, 2022 - 2028, USD Million
TABLE 76 Mexico Enterprise Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 77 Mexico Enterprise Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 78 Rest of North America Enterprise Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 79 Rest of North America Enterprise Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 80 Rest of North America Enterprise Artificial Intelligence Market by Vertical, 2018 - 2021, USD Million
TABLE 81 Rest of North America Enterprise Artificial Intelligence Market by Vertical, 2022 - 2028, USD Million
TABLE 82 Rest of North America Enterprise Artificial Intelligence Market by Deployment Type, 2018 - 2021, USD Million
TABLE 83 Rest of North America Enterprise Artificial Intelligence Market by Deployment Type, 2022 - 2028, USD Million
TABLE 84 Rest of North America Enterprise Artificial Intelligence Market by Organization Size, 2018 - 2021, USD Million
TABLE 85 Rest of North America Enterprise Artificial Intelligence Market by Organization Size, 2022 - 2028, USD Million
TABLE 86 Rest of North America Enterprise Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 87 Rest of North America Enterprise Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 88 Key Information – Google LLC
TABLE 89 Key Information – Amazon Web Services, Inc.
TABLE 90 Key information – IBM Corporation
TABLE 91 Key Information – Apple, Inc.
TABLE 92 Key Information – SAP SE
TABLE 93 Key Information – Wipro Limited
TABLE 94 Key Information – MicroStrategy, Inc.
TABLE 95 Key Information – NVIDIA Corporation
TABLE 96 Key information –Verint Systems, Inc.
TABLE 97 Key Information – IPsoft, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Acquisition and Mergers: 2020, Dec – 2022, Jul) Leading Players
FIG 6 Recent strategies and developments: Google LLC
FIG 7 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 8 SWOT analysis: Amazon.com, Inc.
FIG 9 Swot analysis: IBM Corporation
FIG 10 SWOT Analysis: apple, Inc.
FIG 11 Recent strategies and developments: SAP SE
FIG 12 SWOT Analysis: SAP SE
FIG 13 SWOT Analysis: NVIDIA Corporation