European AI Life-Cycle Software Forecast, 2023–2027

European AI Life-Cycle Software Forecast, 2023–2027

This IDC Market Forecast provides insights into the European AI life-cycle software revenue trends from 2022 through 2027. It delves into factors that are expected to shape the demand during this period."In 2023, the European AI life-cycle market rebounded from a tough 2022, reflecting a marked year-over-year growth," said Jack Vernon, senior research analyst at IDC's European Intelligent Analytics and Data Strategies. "The European AI life-cycle domain experienced a resurgence in interest, propelled by strides in generative AI. These advancements have acted as a counterbalance to prevailing macroeconomic headwinds. While these challenges might persist for the next few years, enthusiasm around generative AI systems will likely continue, enabling the AI life-cycle software market to flourish throughout this study's forecast timeline."

Please Note: Extended description available upon request.

IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Use Case Templates Are Beneficial
Embrace Generative AI
Develop a PPT Strategy
Navigate the Shifting Regulatory Landscape in Europe
Market Forecast
European AI Life-Cycle Software Revenue by Subregion
Market Context
Drivers and Inhibitors
Renewed Interest in AI due to Generative AI
Business Awareness of Data Science Gaps and the Need for Enhanced AI Oversight
Macroeconomic Instabilities
AI Talent Shortage
Significant Market Developments
Changes from Prior Forecast
Market Definition
AI Life-Cycle Software
Data Labeling Software
AI Build Software
MLOps Software
Trustworthy AI Software
Historical and Forecast Market Values and Exchange Rates
Related Research

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