TECH SUPPLIER Sep 2022 - Market Forecast - Doc # EUR149639122

European AI Life-Cycle Software Forecast, 2022–2026

By:

Jack Vernon
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Abstract

This IDC Market Forecast study presents a European view of AI life-cycle software revenue from historical year 2021 to the forecast years 2022–2026. The expected slowdown of the AI life-cycle software market due to the impact of the COVID-19 pandemic did not materialize in 2021, thus forecast for this market has been revised to reflect increased growth in 2022 and beyond.

"European AI life-cycle software markets will grow at a CAGR of 41.0% over the next five years, with growth particularly strong in cloud-based deployments of the technology," said Jack Vernon senior research analyst, IDC's European AI Strategies. "Despite challenges related to the pandemic in 2021 and a changing environment in 2022 due to the Russia-Ukraine War, growth in the market for AI life-cycle technology has remained strong. Companies continue to make long-term strategic bets on AI and data science, further accelerating the opportunity for vendors."


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, Software as a service


Content


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