Global Artificial Intelligence (AI) Apps (Enterprise Level & Excluding – B2C) Market: Overview

The rising adoption of artificial intelligence in diverse industries and the growing demand to create apps are projected to enhance the growth of the global artificial intelligence apps market in the next few years. The market is expected to register a strong growth rate throughout the forecast period. The research study offers a detailed study of the market and highlights the major factors that are likely to support the growth of the overall market in the next few years. 

Global Artificial Intelligence (AI) Apps (Enterprise Level & Excluding – B2C) Market: Trends 

A tremendous rise in the big data and the rising demand for intelligent virtual assistants are the key factors that are projected to encourage the growth of the global artificial intelligence apps market in the next few years. The growth in the adoption of cloud-based applications and services is another major factor that is likely to enhance market growth in the near future. On the flip side, the lack of skilled personnel of artificial intelligence app experts is estimated to hamper the growth of the global artificial intelligence apps market in the coming few years. Nonetheless, the rising adoption of artificial intelligence apps in order to enhance customer service is projected to support the market growth and offer promising growth opportunities for market players in the near future. 

Global Artificial Intelligence (AI) Apps (Enterprise Level & Excluding – B2C) Market: Geography 

The global market for artificial intelligence apps on the basis of geography into Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa. In the last few years, North America accounted for a large share of the overall market and is predicted to maintain its leading position in the coming few years. The early adoption of artificial intelligence apps, owing to the presence of a large number of artificial intelligence app vendors are the key factors that are predicted to enhance the growth of the North America market in the near future. On the other hand, Asia Pacific is estimated to witness a strong growth in the coming few years and register a promising growth rate in the near future. 

Global Artificial Intelligence (AI) Apps (Enterprise Level & Excluding – B2C) Market: Companies

The global artificial intelligence apps market is extremely competitive in nature with a large number of players operating worldwide. The rising adoption of artificial intelligence by diverse industries and the growing focus on technological advancements are the major factors that are projected to enhance the growth of the global artificial intelligence apps market in the coming few years. In addition to this, the rise in the number of mergers and acquisitions is projected to offer lucrative opportunities for market players in the coming years. Some of the leading players operating in the artificial intelligence apps market across the globe are Amazon Web Services, Inc., Sentient Technologies, IBM Corporation, Appier Inc., AES Corporation, Wipro Limited, Humley Limited, IPSoft Inc., Google LLC, Intel Corporation, NVIDIA Corporation, Onfido, Hewlett Packard Enterprise, Cobalt Speech, Baidu, Inc., and Microsoft Corporation. 

Market segmentation based on geography: 

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa 

This report gives access to decisive data, such as: 

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years 

Key highlights of this report include: 

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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