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TECH SUPPLIER Oct 2019 - Market Forecast - Doc # CA43810219

Canadian Artificial Intelligence Software Forecast, 2019–2023

By: Warren ShiauResearch Vice President, Vijay KumarSenior Analyst

Abstract

This IDC study presents a view of Canadian AI software market revenue from the historical year 2018 through the 2019–2023 forecast period.

"Strong growth of approximately 30% per year is forecast for the Canadian AI software market over the 2019–2023 period, with total market size reaching $847 million in 2023 at a CAGR of 31.2%," says Warren Shiau, research vice president, Business Insights, IDC Canada. "AI is becoming commonplace, but it's not 'Skynet' of The Terminator artificial intelligence. It's AI that automates different aspects of our lives, like finding the best route through traffic, getting the closest free parking spot, grading fruit crops, informing a farmer when it's optimal to breed livestock, automating business processes and analysis, and enabling 'tactile' internet — doing something in one location and having the result physically occur in another location. Practical AI will be everywhere."


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