New Analysis from Global Industry Analysts Reveals Robust Growth for Enterprise AI, with the Market to Reach $15.9 Billion Worldwide by 2026

SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Enterprise AI - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 43712
Companies: 53 - Players covered include Amazon Web Services, Inc.; Google LLC; Hewlett Packard Enterprise Development LP (HPE); IBM Corporation; Intel Corporation; Microsoft Corporation; Oracle Corporation; SAP SE; Sentient Technologies; Wipro Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Application Area (Security & Risk Management, Marketing Management, Customer Support & Experience, HR & Recruitment, Process Automation, Analytics Application); Component (Solution, Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Enterprise AI Market to Reach $15.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Enterprise AI estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$15.9 Billion by 2026, growing at a CAGR of 43% over the analysis period. Solution, one of the segments analyzed in the report, is projected to record a 41.6% CAGR and reach US$11.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 44.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $832.4 Million in 2021, While China is Forecast to Reach $2.6 Billion by 2026
The Enterprise AI market in the U.S. is estimated at US$832.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2026 trailing a CAGR of 40.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 39% and 36.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 29.4% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.