AI Market Report:
How Enterprises Use AI
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
1
AI technologies can boost productivity by at least 40% and increase enterprise profitability by 38% through data collection, automation, decision-making, and cybersecurity.
2
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.
3
Demand for AI professionals significantly surpasses supply, making enterprises find a balance between hiring and reskilling the workforce.
4
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.
5
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.