The Latin America, Middle East and Africa Enterprise Artificial Intelligence Market is expected to witness market growth of 34.7% CAGR during the forecast period (2022-2028).
To increase business competitiveness, several early adopters are investing in cognitive technologies. Sixty-three percent of executives who responded to the study claimed that their AI activities are necessary to catch up to their competitors or, at best, to gain a small lead. Furthermore, there seems to be an increasing connection between effective AI application and competitive edge. Companies feel their success depends on perfecting their AI strategies and capabilities during this brief window of time. Nevertheless, executives have become increasingly aware of how much time this will take.
Each provided businesses with a chance to develop a long-lasting competitive advantage. Businesses who didn't adopt each new technological generation lost their competitive edge. A major multinational organization is expected to never attempt to close the books without an ERP system or conduct its operations only on mainframe computers.
The UAE Council for Artificial Intelligence and Blockchain has the responsibility of recommending regulations to develop an ecosystem that is friendly to artificial intelligence, to advance research in the field, and to encourage cooperation between the government and industry, including with international organizations, in order to hasten the adoption of A.I. The fourth cohort of the UAE AI Program, that also intends to equip employees in the public and private sectors with AI tools and training, improve their abilities, and increase their practical technology expertise in order to grow future services and online solutions that support the UAE's leadership in the direction of its 2071 Centennial goals, was initiated by the UAE government.
The Brazil market dominated the LAMEA Enterprise Artificial Intelligence Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $1,134.8 million by 2028. The Argentina market is experiencing a CAGR of 35.4% during (2022 - 2028). Additionally, The UAE market is expected to display a CAGR of 34.4% during (2022 - 2028).
Based on Vertical, the market is segmented into IT & Telecom, BFSI, Automotive & Transportation, Retail, Media & Advertising, Healthcare & Life Sciences, and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Technology, the market is segmented into Natural Language Processing (NLP), Machine Learning, Computer Vision, Speech Recognition, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon Web Services, Inc., IBM Corporation, Apple, Inc., SAP SE, Wipro Limited., MicroStrategy, Inc., NVIDIA Corporation, Verint Systems, Inc., and IPsoft, Inc.
To increase business competitiveness, several early adopters are investing in cognitive technologies. Sixty-three percent of executives who responded to the study claimed that their AI activities are necessary to catch up to their competitors or, at best, to gain a small lead. Furthermore, there seems to be an increasing connection between effective AI application and competitive edge. Companies feel their success depends on perfecting their AI strategies and capabilities during this brief window of time. Nevertheless, executives have become increasingly aware of how much time this will take.
Each provided businesses with a chance to develop a long-lasting competitive advantage. Businesses who didn't adopt each new technological generation lost their competitive edge. A major multinational organization is expected to never attempt to close the books without an ERP system or conduct its operations only on mainframe computers.
The UAE Council for Artificial Intelligence and Blockchain has the responsibility of recommending regulations to develop an ecosystem that is friendly to artificial intelligence, to advance research in the field, and to encourage cooperation between the government and industry, including with international organizations, in order to hasten the adoption of A.I. The fourth cohort of the UAE AI Program, that also intends to equip employees in the public and private sectors with AI tools and training, improve their abilities, and increase their practical technology expertise in order to grow future services and online solutions that support the UAE's leadership in the direction of its 2071 Centennial goals, was initiated by the UAE government.
The Brazil market dominated the LAMEA Enterprise Artificial Intelligence Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $1,134.8 million by 2028. The Argentina market is experiencing a CAGR of 35.4% during (2022 - 2028). Additionally, The UAE market is expected to display a CAGR of 34.4% during (2022 - 2028).
Based on Vertical, the market is segmented into IT & Telecom, BFSI, Automotive & Transportation, Retail, Media & Advertising, Healthcare & Life Sciences, and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Technology, the market is segmented into Natural Language Processing (NLP), Machine Learning, Computer Vision, Speech Recognition, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon Web Services, Inc., IBM Corporation, Apple, Inc., SAP SE, Wipro Limited., MicroStrategy, Inc., NVIDIA Corporation, Verint Systems, Inc., and IPsoft, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Vertical
- IT & Telecom
- BFSI
- Automotive & Transportation
- Retail
- Media & Advertising
- Healthcare & Life Sciences
- Others
By Deployment Type
- Cloud
- On-premise
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Technology
- Natural Language Processing (NLP)
- Machine Learning
- Computer Vision
- Speech Recognition
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Google LLC
- Amazon Web Services, Inc.
- IBM Corporation
- Apple, Inc.
- SAP SE
- Wipro Limited.
- MicroStrategy, Inc.
- NVIDIA Corporation
- Verint Systems, Inc.
- IPsoft, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Enterprise Artificial Intelligence Market by Vertical
Chapter 5. LAMEA Enterprise Artificial Intelligence Market by Deployment Type
Chapter 6. LAMEA Enterprise Artificial Intelligence Market by Organization Size
Chapter 7. LAMEA Enterprise Artificial Intelligence Market by Technology
Chapter 8. LAMEA Enterprise Artificial Intelligence Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Google LLC
- Amazon Web Services, Inc.
- IBM Corporation
- Apple, Inc.
- SAP SE
- Wipro Limited.
- MicroStrategy, Inc.
- NVIDIA Corporation
- Verint Systems, Inc.
- IPsoft, Inc.
Methodology
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