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TECH SUPPLIER Jun 2019 - Market Forecast - Doc # US44170119

Worldwide Artificial Intelligence Software Platforms Forecast, 2019–2023

By: David SchubmehlResearch Director, Cognitive/Artificial Intelligence Systems

Abstract

This IDC study presents a view of artificial intelligence (AI) software platforms revenue from the historical year 2018 through to the five forecast years of 2019–2023.

"The AI software platforms market continued to grow at a steady rate in 2018, and we expect this momentum to carry forward over the forecast period. IDC forecasts the overall market to maintain a steady growth rate annually through 2023, approaching $11.8 billion in revenue at a CAGR of 35.3%," says David Schubmehl, research director for IDC's Artificial Intelligence Software. "The use of artificial intelligence and machine learning (ML) is occurring in a wide range of solutions and applications from ERP and manufacturing software to content management, collaboration, and user productivity. Software and applications vendors are taking advantage of AI, deep learning, and machine learning to provide benefits for their customers and users as well as improve ROI and achieve cost savings. Artificial intelligence and machine learning are moving into the mainstream of software development, and IDC expects that almost all software will incorporate some kind of AI/ML technologies before the end of the decade."


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