TECH SUPPLIER Dec 2021 - Market Forecast - Doc # EUR148581021

European AI Life-Cycle Software Forecast, 2021–2025: Strong Growth as Organizations Use AI to Support Modernization

By:

Jack Vernon
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Abstract

This IDC Market Forecast study presents a view of European AI life-cycle software revenue from the historical year 2020 to the forecast years (2021–2025). The expected slowdown of the AI life-cycle software market due to the impact of the COVID-19 pandemic did not materialize in 2020, thus the forecast of this market has been revised to reflect increased growth in 2021 and beyond.

"The European AI life-cycle software market will grow at a CAGR of 43.2% over the next five years, reaching $4.1 billion in 2025," said Jack Vernon, senior research analyst, IDC's European AI Strategies. "AI life-cycle technology is well-positioned to benefit from three trends: digital modernization driving improved data organization, from which enterprises can leverage and build models; growing maturity of the use of AI as more organizations put it into production at scale; and the move toward developing more responsible, explainable, and trustworthy AI, particularly as the technology is increasingly covered by regulation."


Coverage

Subscriptions Covered

European Artificial Intelligence Strategies


Regions Covered

Central and Eastern Europe, Western Europe


Topics Covered

Analytic applications, Cognitive/artificial intelligence, Public cloud services


Content


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