target audience: TECH SUPPLIER Publication date: Aug 2022 - Document type: Market Forecast - Doc Document number: # US49571222
Worldwide Artificial Intelligence Software Forecast, 2022–2026
This IDC study presents a view of the overall AI software market revenue from the historical year 2021 through to the five forecast years of 2022–2026. 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 2021, 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 $791.5 billion in revenue in 2025 at a CAGR of 18.4%, with the AI-centric part to approach $192.6 billion at a CAGR of 31.2% over the forecast period," says Ritu Jyoti, group vice president, Artificial Intelligence and Automation Research with IDC's software market research and advisory practice. "Despite all-time high inflation and looming recession fears, spending in AI and automation technologies and solutions proceed at full steam. Technology leaders emphasize that lessons learned from past downturns signal that technology is a critical business driver and will help them future-proof their business."