This IDC study presents a view of AI market revenue from the historical year 2018 through to the five forecast years of 2019–2023.

"The AI 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 $98.4 billion in revenue at a CAGR of 28.5%," says Ritu Jyoti, program vice president, IDC's Artificial Intelligence Strategies. "The role of AI in enterprises is rapidly evolving. It is changing how your customers buy, your suppliers deliver, and your competitors compete. AI services continue to be integral to digital transformation (DX) initiatives, and AI maturity will impact a winning corporate strategy."



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