TECH SUPPLIER Aug 2021 - Market Forecast - Doc # US48125621

Worldwide Artificial Intelligence Software Forecast, 2021–2025

By: Ritu JyotiGroup Vice President, Worldwide Artificial Intelligence and Automation Research Practice Global AI Research Lead

Abstract

This IDC study presents a view of the overall AI software market revenue from the historical year 2020 through to the five forecast years of 2021–2025. It drills down on the AI applications market forecast and includes top-line numbers for AI platforms, AI SIS, and AI AD&D software forecasts. This is the first tracker cycle where IDC has started tracking and reporting on AI SIS and AI AD&D software and split the overall AI software revenue by on-premises/other and public cloud deployments. It also includes AI software revenue split by regions.

"The AI software market grew rapidly during 2020, and with accelerated digital disruption, we expect this market to continue to grow over the forecast period. IDC forecasts the overall AI software market will approach $596 billion in revenue in 2025 at a CAGR of 17.7%, with the AI-centric part to approach $123.3 billion at a CAGR of 27.8% over the forecast period," says Ritu Jyoti, group vice president, Artificial Intelligence and Automation Research with IDC's software market research and advisory practice. "Today, AI expertise is focused more on developing commercial applications that optimize efficiencies in existing industries. Acceleration of AI adoption and proliferation of smart, intuitive ML/DL algorithms will spawn the creation of new industries and business segments and overall will trigger new opportunities for business monetization."


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