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Worldwide AI Life-Cycle Software Forecast, 2023–2027

Publisher IDC
Published Jun 30, 2023
Length 15 Pages
SKU # IDC18029863

Description

Worldwide AI Life-Cycle Software Forecast, 2023–2027


This IDC study presents a view of worldwide AI life-cycle software revenue from the historical year 2022 to the five forecast years 2023–2027. This includes insight into developments that will influence future forecast demand during the period. "Despite the economic challenges in 2022, the AI life-cycle software market showed strong growth with projected flat or increased spending in 2023," said Kathy Lange, research director, IDC's AI and Automation research. "The frenzy around generative AI has brought all forms of AI back into the limelight. IDC expects this growth trend to continue through 2023 and beyond as foundation models become more accessible and are embedded into AI–enabled applications. Synthetic data, federated learning, and reinforcement learning will enable new ML use cases at lower costs and greater privacy. Vendors will enhance model performance by re-architecting model processing for better compute resource optimization."

Please Note: Extended description available upon request.

Table of Contents

15 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Foundation Model Accessibility
Continued Democratization of AI/ML Capabilities
Inhibitors
Lack of Automation for Data Preparation and Data Enrichment
Lack of MLOps Tools and Talent for Scaling
Increasing Occurrences of Trust Incidents
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

Pricing

Currency Rates
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