Worldwide Artificial Intelligence Forecast, 2019–2023
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."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Market Context
- Drivers and Inhibitors
- Drivers
- The Race to Innovate — Speed of Change, Delivery, and Operations Separates Thrivers and Survivors
- Emerging Autonomy — Learning to Live with AI
- Inhibitors
- The Future Workforce — Global Demand for Digital Talent
- Ethics and Bias — Regulations
- Data Integration, Data Quality, and Quantity
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- Software
- Hardware
- Services
- Methodology
- Related Research
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