IDC Forecasts Revenue for Artificial Intelligence Software Will Reach $307 Billion Worldwide in 2027
A recent forecast from International Data Corporation ( IDC ) shows that the worldwide artificial intelligence (AI) software market will grow from $64 billion in 2022 to nearly $251 billion in 2027 at a compound annual growth rate (CAGR) of 31.4%.
- A recent forecast from International Data Corporation ( IDC ) shows that the worldwide artificial intelligence (AI) software market will grow from $64 billion in 2022 to nearly $251 billion in 2027 at a compound annual growth rate (CAGR) of 31.4%.
- The forecast for AI-centric software* includes Artificial Intelligence Platforms, AI Applications, AI System Infrastructure Software (SIS), and AI Application Development and Deployment (AD&D) software (excluding AI platforms).
- * Note: IDC defines artificial intelligence (AI) software as AI-centric software.
- The IDC report, Worldwide Artificial Intelligence Software Forecast, 2023–2027 (IDC #US50027023), presents a forecast of the worldwide artificial intelligence (AI) software market for 2023–2027.