TECH SUPPLIER Jun 2020 - Market Perspective - Doc # US46400220

COVID-19: Factoring in the Impact on Artificial Intelligence Industry and Use Case Spend

By: Marianne DaquilaResearch Manager, Cognitive Systems

Abstract

This IDC Market Perspective outlines and discusses the impact and effects of COVID-19 on the worldwide artificial intelligence industry and use case spending. The document provides a framework for how to understand which industries and use cases will see increased growth and which will see decreased growth as a result of the pandemic.

"Prior to the COVID-19 pandemic, IDC had forecast artificial intelligence spending of $49.9 billion for 2020, a year-over-year growth rate of 30%. Based on first-quarter data and a very dynamic global scenario, IDC expects to see a variety of changes impacting the forecast previously published. Every industry will be impacted, some positively such as healthcare providers and education, and some negatively such as personal and consumer services and transportation," said Marianne Daquila, research manager, IDC's Customer Insights and Analysis Group.


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