New York, US, April 10, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Enterprise AI Market, By Solution, By Service, By Deployment, By Industry Vertical - Forecast till 2030”, the global market for automated test equipment is anticipated to thrive substantially during the assessment timeframe from 2022 to 2030 at a healthy CAGR of approximately 34.60% to attain around USD 155.2 Billion by 2030.
Enterprise Artificial Intelligence Market Overview
The market for buttock augmentation is being driven by factors including rising disposable income, increased aesthetic awareness among the populace, strong social media influence, and aesthetics-related technology advancements. Fat grafting is one method that has a high success rate, high patient satisfaction, and few problems, all of which are predicted to help the market grow. Together with an increase in understanding of the beauty care techniques and products accessible worldwide, image/appearance consciousness is also rising. Peer recommendations are extremely important when buying cosmetic goods, and social media has a significant impact on millennials' shopping decisions.
Enterprise Artificial Intelligence Market Competitive Analysis
The catalog for prominent participants across the global market for Enterprise Artificial Intelligence includes players such as:
- Amazon Web Services, Inc.
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Intel Corporation
- Alphabet Inc.
- SAP SE
- C3.ai, Inc.
- DataRobot, Inc.
- Hewlett Packard Enterprise Development LP
- Wipro Limited
- NVidia Corporation
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Enterprise Artificial Intelligence Market Report Scope:
| Report Metrics | Details |
| Market Size by 2030 | USD 155.2 Billion |
| CAGR during 2022-2030 | 34.60% |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Market Opportunities | The market for enterprise artificial intelligence is expected to experience a high growth rate. |
| Key Market Drivers | The growing amount of data sets required to analyze, complex data for with integration of artificial intelligence for better efficiency is driving the market. |
71.0% of individuals are more inclined to make an online purchase of a product or service when it is suggested by others, according to Hubspot statistics from 2019. Also, it may be said that a few influencers are responsible for the majority of social media referral branding. Forbes claims that 5% of the influencers who endorse products or services are responsible for 45% of social influence. A 2015 survey by the American Society of Plastic Surgeons found that 93% of patients chose cosmetic surgery as a result of recommendations from friends and family who were pleased with the results. Also, 75% of these chose the surgery due to the growing availability of information regarding cosmetic procedures online.
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According to the International Society of Aesthetic Plastic Surgery, worldwide buttock augmentation and buttock lift treatments totaled over 5,34,345 in 2019.
Currently, 4.7% of all surgical procedures performed worldwide are buttock augmentation treatments, and this percentage is rapidly increasing. According to an NCBI survey, the main reason people choose cosmetic treatments is to increase their physical beauty and self-esteem (86%), which is followed by restorative and health concerns (46%).
Buttock augmentation surgery, one of the fastest-growing surgical cosmetic subspecialties, has climbed by 252% between 2000 and 2017, according to the American Society of Plastic Surgeons. Strict guidelines have been established by the International Society of Aesthetic Plastic Surgery in order to restart clinics and provide infection control measures.
Covid 19 Impact
Every segment of the global economy was significantly damaged by the COVID-19 pandemic. Yet, the need for innovative and cutting-edge AI-based enterprise products rose during the pandemic across a number of sectors, including healthcare, retail, and education. This led to growth in the enterprise artificial intelligence (AI) market. A machine learning-based imaging system that can identify indications of Covid-19 will be deployed by UC San Diego Health, an academic medical center inside the University of California, with the assistance of Amazon Elastic Compute Cloud in July 2020. (Amazon EC2).
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Industry Trends
In 2021, the U.S. industrial coatings market was estimated to be worth USD 15.0 billion. From 2022 to 2030, it is expected to increase at a CAGR of 3.2%. It is projected that rising demand in the automotive, aerospace, and electronics industries will be the main driver of the product's demand. The U.S. economy's growth depends heavily on the automotive sector. The nation has one of the biggest auto marketplaces in the world. The auto industry supports around 4.5% of all jobs in the United States. The COVID-19 epidemic hurt the automotive sector, but it has now recovered and returned to normal. Around 18 billion USD are annually spent on research & development by the auto sector in the United States.
Enterprise Artificial Intelligence Market Segmentation
The types of markets in Deployment Forecast (Revenue, USD Million, 2017 - 2030) include cloud and on-premises.
The market is divided into Natural Language Processing (NLP), Machine Learning, Computer Vision, Voice Recognition, and Others in Technological Forecast (Revenue, USD Million, 2017– 2030).
Big, Small, and Medium Businesses are included in Organization Outlook (Revenue, USD Million, 2017 - 2030).
Media & Advertising, Retail, BFSI, IT & Telecom, Healthcare, Automotive & Transportation, and Others are the market categories based on end-use outlook (revenue, USD million, 2017–2030).
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Regional Analysis
North America, which accounted for 38.1% of global revenue in 2021, is expected to grow at a CAGR of more than 33.0% over the projected period. The market in the region is being driven by elements including the presence of top organizations that create AI solutions & services, technological infrastructure facilities, and the substantial number of end users employing data management devices.
For instance, as part of a strategy to expand leadership in artificial intelligence, the president unveiled the American AI Initiative in February 2019. Also, as part of these programmes, federal authorities have established criteria for the development and implementation of AI-based systems in the real world across a variety of industrial sectors.
Throughout the forecast period, Asia-Pacific is anticipated to experience the fastest CAGR of 36.4%. The usage of AI is growing, and data management platforms are being installed. These developments address problems with privacy and security, teamwork, and the setting of moral standards for businesses. The main growth drivers are the development of AI technology, rising government investment spending, and the adoption of cutting-edge technologies across many industries.
For instance, the Asia Pacific Artificial Intelligence Association (AAIA), a Hong Kong-based organization founded in 2021 by 663 academicians globally, has as its main goal the advancement of scientists working in the fields of AI and other related disciplines. Via academic interactions and research, the group seeks to further the development and implementation of AI.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
