Worldwide Cognitive/Artificial Intelligence Software Platforms Market Shares, 2016: Artificial Intelligence Takes Off
This IDC study presents a view of worldwide cognitive/AI software platforms revenue broken down by vendor for the historical year 2016. Cognitive/AI software platforms is an emerging market with a long tail of new vendors and new products from long-established vendors. This market immaturity is the reason for the outside share designated to the "other" vendors category. For a representative list of vendors that IDC considers are part of the "other" category, refer to Table 2."The cognitive/AI software platforms market experienced excellent growth in 2016 with revenue of $1.6 billion and a growth rate of 56.5%," says David Schubmehl, research director, Cognitive/Artificial Intelligence Systems, at IDC. "Organizations are using cognitive/AI software platforms to develop intelligent applications that provide answers, predictions, recommendations, and prescriptive advice to both customers and employees. We expect this market to continue to grow rapidly as more organizations undertake AI projects and more vendors offer capabilities in this area."
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