Top 10 Companies in Enterprise AI Market

The Enterprise AI Market is projected to reach $171.2 billion by 2031, at a CAGR of 32.9% during the forecast period of 2024-2031. The growth of the enterprise AI market is driven by enterprises’ increasing need to enhance customer satisfaction and the growing implementation of enterprise AI solutions in the IT & telecom sectors. However, the high costs of enterprise AI solutions restrain the growth of this market. Furthermore, the increasing need for conversational AI solutions for optimized sales & marketing management and the growing need to automate business processes are expected to generate growth opportunities for the players operating in this market. However, data privacy & security concerns are a major challenge impacting market growth. Additionally, the growing adoption of AI chatbots for customer interaction and the increasing integration of Machine Learning (ML) technology into enterprise AI solutions are prominent trends in this market.

Here are the top 10 companies operating in the Enterprise AI Market

NVIDIA Corporation

NVIDIA Corporation designs and supplies graphics processing units (GPUs), and application programming interfaces (APIs) for data science and high-performance computing. The company is a dominant supplier of artificial intelligence (AI) hardware and software. NVIDIA provides an enterprise AI software platform, namely NVIDIA AI Enterprise, an end-to-end, cloud-native software platform that accelerates data science pipelines and streamlines the development and deployment of production-grade AI applications, including generative AI.

The company operates through two business segments: Compute & Networking and Graphics. The company’s AI platform consists of development tools, frameworks, and pre-trained models for AI practitioners and reliable management and orchestration for IT professionals to ensure performance, high availability, and security. NVIDIA’s AI platform accelerates various types of workflows, such as intelligent virtual assistants, generative AI knowledge base chatbots, and digital fingerprinting to detect anomalies.

Google LLC (A Subsidiary of Alphabet Inc.)

Google LLC is a provider of online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial intelligence (AI). The company offers a wide range of enterprise AI solutions such as generative AI, machine learning, speech, text and language API, image and video API, AI assistance and conversational AI, and consulting services.

Google provides enterprise AI solutions with the use of various technologies such as speech-to-text, text-to-speech, natural language, recommendations AI, and vision product search. The company’s solutions support accurately predicting and understanding images with ML, help to extract, classify, and split data from documents, build a chatbot based on a website or collection of documents, and provide real-time, step-by-step assistance for human agents.

Amazon Web Services, Inc.

Amazon Web Services, Inc. offers cloud computing services. The company provides a wide range of solutions and services for enterprise AI. AWS’s AI Services provides ready-made intelligence for applications and workflows. AI services easily integrate with applications to address common use cases such as personalized recommendations, modernizing contact centers, improving safety and security, and increasing customer engagement.

Amazon Web Services provides enterprise AI solutions and services for various applications such as generative AI, intelligent search, incremental learning, tuning and accuracy, connectors, experience builder, and search analytics dashboard. The company offers enterprise AI solutions with grade security and privacy that access to industry-leading foundation models, and generative AI-powered applications.

International Business Machines Corporation

International Business Machines Corporation produces and sells system hardware and software and offers infrastructure, hosting, and consulting services. The company offers a wide range of enterprise AI solutions for various industries, such as banking, government, healthcare, insurance, and retail. IBM provides natural language processing and generative AI capabilities within its enterprise AI solutions. The company operates through five business segments: Software, Consulting, Infrastructure, Financing, and Other. IBM’s enterprise AI solution offers various capabilities, such as high-performance automation for tedious work, optimizing business processes, and streamlining data management.

Microsoft Corporation

Microsoft Corporation develops computer software, operating systems, cloud computing, and artificial intelligence applications. The company offers enterprise AI solutions for various industries, such as manufacturing, financial services, energy, retail, healthcare, and government. Microsoft provides enterprise AI solutions to generate new products and services, personalize customer experiences, and improve decision-making. The company operates through three business segments: Intelligent Cloud, Productivity and Business Processes, and More Personal Computing. Microsoft’s enterprise AI solution helps to avoid downtime with predictive capabilities and accelerate operations with automation.

Meticulous Research in its latest publication on Enterprise AI Market has predicted the growth of 32.9% during the forecast year 2024-2031.

Verint Systems Inc.

Verint Systems Inc. offers solutions for customer engagement, forecasting and scheduling products, real-time work, engagement orchestration, fraud and security, interaction insights, conversational AI, knowledge management, quality and compliance, engagement channels, and experience management. The company provides Verint Da Vinci AI-powered bots that maximize impact by injecting AI directly into business workflows, putting AI at agents’ fingertips. Verint Systems’ enterprise AI platform provides a wide range of applications, such as engagement data insights, speech transcription, redaction, interaction summary, call risk scoring, and a knowledge creation bot. The company offers natural language processing technology within its enterprise AI solution for various industries, such as banking, insurance, public sector, retail, and telecommunication.

SAP SE

SAP SE develops enterprise software to manage business operations and customer relations. The company provides enterprise AI solutions and services for various industries, such as finance, supply chain, procurement, human resources, sales and marketing, and IT. SAP SE’s enterprise solution offers valuable insights and automated tasks with AI designed with business context. The company operates through four business segments: Cloud, Software support, Services, and Software licenses. SAP AI Services automate and optimize corporate processes by adding intelligence to applications using AI models pre-trained on business-relevant data that are available on the SAP Business Technology Platform.

Pegasystems Inc.

Pegasystems Inc. offers enterprise AI solutions for various applications across businesses, such as intelligent automation, customer engagement, customer service, sales automation, and client onboarding. Pegasystems offers enterprise AI decisioning and workflow automation to solve their most pressing business challenges, from personalizing engagement to automating service to streamlining operations. Pegasystems offers AI-powered assistants for agents and chatbots with autogenerated trained datasets and dynamically trains and assesses agents with autonomous customer simulations.

Wipro Limited

Wipro Limited is a technology services and consulting company. The company offers its enterprise AI solution, namely Wipro ai360, for various industries such as banking, automotive, healthcare, retail, public sector, and transportation. Wipro offers the InspectAI solution to transform inspection workflows by combining process, technology, and business model elements to deliver an enhanced inspection management service. The company provides its Cognitive Finance solution that infuses AI into the finance value stream to optimize business operations, drive intelligent business enablement, and strengthen control and compliance.

The company operates through three business segments: IT Services, IT Products, and India State Run Enterprise (ISRE). Wipro’s Intelligent Document Processing (IDP) solution uses AI technologies such as computer vision, NLP, and ML on the top of these documents. It helps in automatically digitizing documents, classifying them, extracting information from them and enabling cognitive search. The company provides AI for Marketing that optimizes marketing processes, providing valuable marketing insights, omnichannel customer engagement, enhancing customer experience, and improved conversion rates at every stage.

Intel Corporation

Intel Corporation develops technologies and products for a broad spectrum of markets, such as edge computing to the 5G network, cloud computing, AI, and autonomous driving. The company provides a comprehensive portfolio of AI development software for all needs, such as data preparation, training, inference, deployment, and scaling. Intel offers an unparalleled development and deployment ecosystem combined with a heterogeneous portfolio of AI-optimized hardware. Intel’s solutions help to accelerate the developer journey from the edge to the cloud. Intel’s AI development software portfolio includes order-of-magnitude optimizations for popular frameworks and tools for every stage of the AI workflow. The company operates through six business segments: Client Computing, Data Center and AI, Network and Edge, Mobileye, Intel Foundry Services, and All Other. Intel provides AI frameworks that provide data scientists, AI developers, and researchers with the building blocks to architect, train, validate, and deploy models through a high-level programming interface.

Authoritative Research on the Enterprise AI Market – Global Opportunity Analysis and Industry Forecast (2024-2031)

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• Recent financial performance
• Key products
• Significant company strategies
• Partnerships and acquisitions

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.