Worldwide Cognitive/Artificial Intelligence Software Platforms Forecast, 2017–2021

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

Drivers and Inhibitors

Drivers

Conversational AI Applications

Deep Learning/Machine Learning Adoption

Inhibitors

Data Curation Tools

Enterprise Application Adoption of AI

Complexity

Significant Market Developments

Changes from Prior Forecast

Market Definition

Methodology

Historical and Forecast Market Values and Exchange Rates

Related Research

Worldwide Cognitive/Artificial Intelligence Software Platforms Forecast, 2017–2021

This IDC study presents a view of cognitive/AI software platforms revenue from the historical year 2016 through to the five forecast years of 2017–2021.The cognitive/AI software platforms market experienced excellent growth in 2016, and we expect that to continue over the next five years, says David Schubmehl, research director at IDC. IDC forecasts the overall market to grow significantly through 2021, exceeding $8 billion in revenue, with a CAGR exceeding 39%. Organizations are undertaking projects developing the next generation of intelligent applications based on cognitive/AI software platform capabilities. We expect this to be a rapidly expanding area for enterprise and commercial developers as organizations race to embed predictive and prescriptive capabilities into their applications portfolio.

Please Note: Extended description available upon request.