TECH SUPPLIER May 2020 - Market Note - Doc # EUR146282020
European AI Systems: Market Roundup, 1Q20 — European AI Systems Market Impacted by COVID-19
By: Jack VernonSenior Research Analyst, European AI Systems, Erica SpinoniResearch Analyst, European Digital Transformation Practice, Neil Ward-DuttonVP, AI and Intelligent Process Automation European Practices, Ewa ZborowskaResearch Director, IDC Poland
This IDC Market Note summarizes noteworthy developments in the European AI systems marketplace in 1Q20, as selected by IDC's European AI practice members.
"The European Artificial Intelligence industry, like all around it, has been deeply affected by the COVID-19 epidemic. Vendors of AI systems are scrambling to interpret the impact of COVID-19 on their outlook, while trying to determine how they can support efforts to address the pandemic. The AI systems industry is set to experience depreciated demand from many vertical sectors in 2020. However, in the long term, increased focus on business resilience due to COVID-19 will result in increased spending on AI systems," said Jack Vernon, senior research analyst, European AI Systems.