target audience: TECH SUPPLIER Publication date: Sep 2023 - Document type: Market Analysis Perspective - Doc Document number: # US51206323
Market Analysis Perspective: Worldwide Artificial Intelligence Software, 2023
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Abstract
This IDC Market Analysis Perspective delivers a concise current-state view of the artificial intelligence (AI) software market and insight into the impact of future trends. Business executives, product managers, and MI/AR professionals can use this information when looking to understand buying criteria and market impacts.
"The AI software market grew rapidly during 2022, and with accelerated digital disruption, we expect this market to continue to grow over the 2023–2027 forecast period. IDC forecasts the overall AI software market will approach $943.7 billion in revenue in 2027 at a CAGR of 20.4%, with the AI-centric part to approach $593.1 billion at a CAGR of 21.1% over the forecast period," says Ritu Jyoti, group vice president, Artificial Intelligence and Automation research with IDC's Software market research and advisory practice. "AI is emerging as a powerful force that will reshape industries for years to come."