Market Share of Enterprise AI Industry
The competitive rivalry in the Enterprise AI Market is high due to many significant players. Players like IBM, SAP SE, Hewlett Packard Enterprise, Google Inc., Microsoft Corporation, Oracle Corporation, and many more are trying to achieve maximum market share by designing new and innovative products for users. Their significant investments in research and Development, mergers & acquisitions, strategic expansion, funding, strategic partnership, etc., have allowed them to gain a competitive advantage.
In November 2022, ABACUS, a solution for insurance firms powered by artificial intelligence, was improved by Ablera, a Bulgarian insurtech business, in collaboration with IBM and ALSO Bulgaria, an IBM Value Add Distributor. Ableraused IBM Watson Studio, a data science and machine learning tool that aids businesses in accelerating AI-powered digital transformation, to include AI in their solution. Therefore, companies can scale reliable AI and make better decisions.
In March 2022, Microsoft expanded its healthcare cloud strategy with unique solutions and capabilities across data, AI, and clinician experiences. Microsoft Corp. announced advancements in cloud technologies for healthcare and life sciences, including the general availability of Azure Health Data Services and updates to Microsoft Cloud for Healthcare. By acquiring Nuance Communications, Microsoft is placed to amplify an organization's ability to help others by leveraging Artificial Intelligence to address the most pressing challenges of converting the future of healthcare for all.
Enterprise AI Software Market Leaders
IBM Corporation
Oracle Corporation
Wipro Limited
Hewlett Packard Enterprise
Microsoft Corporation
*Disclaimer: Major Players sorted in no particular order