Jun 2017 - Market Forecast - Doc # US42072817
Worldwide Cognitive/Artificial Intelligence Software Platforms Forecast, 2017–2021
This IDC study presents a view of cognitive/AI software platforms revenue from the historical year 2016 through to the five forecast years of 2017–2021.
"The cognitive/AI software platforms market experienced excellent growth in 2016, and we expect that to continue over the next five years," says David Schubmehl, research director at IDC. "IDC forecasts the overall market to grow significantly through 2021, exceeding $8 billion in revenue, with a CAGR exceeding 39%." "Organizations are undertaking projects developing the next generation of intelligent applications based on cognitive/AI software platform capabilities. We expect this to be a rapidly expanding area for enterprise and commercial developers as organizations race to embed predictive and prescriptive capabilities into their applications portfolio."