This AI market report by S-PRO analyzes key trends in enterprise adoption of AI technologies, industry developments, market opportunities and challenges, and future outlook for AI adoption.
Key Findings and Insights from the Report
AI technologies can boost productivity by at least 40% and increase enterprise profitability by 38% through data collection, automation, decision-making, and cybersecurity.
The global enterprise AI market was valued at $7.02 billion in 2022 and is anticipated to increase to $270.06 billion by 2032, with a CAGR of 44.1% from 2023 to 2032.
Demand for AI professionals significantly surpasses supply, making enterprises find a balance between hiring and reskilling the workforce.
AI will disrupt over 300 million jobs worldwide during the next five years, automating routine and non-routine prediction and decision-making tasks, augmenting some fields, and creating new occupational titles.
Ethical considerations for responsible AI implementation become paramount as the number of newly reported AI incidents and controversies was 26 times higher in 2021 than in 2012.
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S-PRO AG is a leading Digital Innovation and Software Engineering company that specializes in serving fast-growing businesses and enterprises. By combining business and tech know-how, we develop innovative digital solutions that create sustainable business value and increase our clients’ competitiveness in a constantly changing digital world.