Enterprise AI Market to Surge Over 20 Years, Reaching $232B by 2032
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The global enterprise AI market is projected to grow from $10 billion in 2022 to $232.91 billion in 2032, a CAGR of 37%.
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North America is expected to dominate the market through 2032 due to AI innovation leadership and infrastructure.
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Cloud deployment accounted for 57% market share in 2022 at $5.7 billion revenue.
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Natural language processing made up 34% of the market in 2022 with $3.4 billion revenue.
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IT and telecom was the largest end-use segment in 2022 with 44% market share and $4.4 billion revenue.