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Worldwide Artificial Intelligence Platforms Software Market Shares, 2023: AI Adoption Soars to New Heights, Driving Transformative Business Impact

Publisher IDC
Published Jul 04, 2024
Length 13 Pages
SKU # IDC18954440

Description

Worldwide Artificial Intelligence Platforms Software Market Shares, 2023: AI Adoption Soars to New Heights, Driving Transformative Business Impact


This IDC study presents a view of worldwide artificial intelligence (AI) platforms software revenue broken down by vendor for the historical year 2023."Despite continuing financial challenges, the market for artificial intelligence platforms software grew by 44.4% to $27.9 billion in 2023," says Raghunandhan Kuppuswamy, research manager, AI and Automation Software Research at IDC. "While the AI industry expanded rapidly in 2022 due to the relentless pursuit of efficiency and productivity gains, 2023 proved to be a watershed moment. Organizations faced harsh realities of AI implementation, including high costs, talent scarcity, and the growing pains of integrating these complex systems into existing workflows. The excitement surrounding AI had reached an all-time high, but the true test was whether businesses could overcome these formidable challenges and derive tangible, long-term value from their AI investments. Those who failed to take on these challenges head-on fell behind in an increasingly competitive environment."

Please Note: Extended description available upon request.

Table of Contents

13 Pages
IDC Market Share Figure
xecutive Summary
Advice for Technology Suppliers
Market Share
Who Shaped the Year
Examples of Themes and Vendors
Market Context
Growth Accelerators
AI Everywhere — Generative AI Takes the Spotlight
The Drive to Automate — Maximizing Efficiency and New Opportunities
Growth Inhibitors
Geopolitical Turbulence — Sovereignty Under Emerging Fragmentation
Dynamic Work and Skills Requirements — New Work Mode Era
Significant Market Developments
Methodology
Market Definition
Artificial Intelligence Platforms
AI Life-Cycle Software
AI Software Services
Search and Knowledge Discovery Software
Related Research

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