TECH SUPPLIER Dec 2020 - Market Forecast - Doc # CA45063020
Canadian Artificial Intelligence Software and Platforms Forecast, 2020–2024
This IDC study presents a view of Canadian AI software and platforms market revenue from the historical year 2019 through the 2020–2024 forecast period.
"Strong growth of approximately 16% per year is forecast for the Canadian AI software market over the 2020–2024 period, with the total market size reaching C$8.2 billion in 2024 at a CAGR of 15.8%," says Warren Shiau, research vice president, AI and Analytics at IDC Canada. "From automating finding the best route through traffic to getting the closest free parking spot for consumers to hidden AI adoption for business like automated human resources capabilities within an organizationwide human capital management (HCM) system, AI-driven automation is increasingly anywhere you look deep enough."
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