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
- Drivers
- Renewed Interest in AI due to Generative AI
- Business Awareness of Data Science Gaps and the Need for Enhanced AI Oversight
- Inhibitors
- 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
- Methodology
- Historical and Forecast Market Values and Exchange Rates
- Related Research
Research Assistance
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