Market report
How enterprises use artificial intelligence
Author
Published
Apr 22, 2024
Length
25 pages
Key findings and insights from the market report
01
Impact on business
AI technologies can boost productivity by at least 40% and increase enterprise profitability by 38% through data collection, automation, decision-making, and cybersecurity.
02
AI market value
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.
03
Effect on employment
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.
04
Ethical challenges
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.
05
The AI skills gap
Demand for AI professionals significantly surpasses supply, making enterprises find a balance between hiring and reskilling the workforce.
What’s inside
Discover how AI is reshaping the business landscape and driving efficiency.
- Introduction
- Executive Summary
- Methodology
- Market Overview
- AI Applications in Enterprises
- AI Technologies and Tools
- AI Ethics and Regulation
- AI Talent and Workforce Transformation
- Market Share and Competitive Landscape
- Regional Analysis
- Future Outlook
- Conclusion
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