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TECH SUPPLIER Jun 2018 - Market Forecast - Doc # US44015018

Worldwide Cognitive/Artificial Intelligence Software Platforms Forecast, 2018–2022

By: David SchubmehlResearch Director, Cognitive/Artificial Intelligence Systems, Carrie Solinger

Abstract

This IDC study presents a view of cognitive/AI software platforms revenue from the historical year 2017 through to the five forecast years of 2018–2022.

"The cognitive/AI software platforms market achieved solid growth in 2017, and we expect that to continue over the next five years," says David Schubmehl, research director at IDC. "IDC forecasts the overall market to grow significantly through 2022, approaching $9.5 billion in revenue, at a CAGR of 36.7%. Vendors looking to take advantage of AI, deep learning, and machine learning need to act now to gain the benefits derived from these technologies. IDC is already seeing that organizations that have deep widespread use of these capabilities are leading the pack in terms of revenue, profit, and overall leadership in their respective industries and segments."


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