This AI market research 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
- 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.
