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Worldwide Cognitive/Artificial Intelligence Software Platforms Forecast, 2018–2022

Worldwide Cognitive/Artificial Intelligence Software Platforms Forecast, 2018–2022

This IDC study presents a view of cognitive/AI software platforms revenue from the historical year 2017 through to the five forecast years of 2018–2022."The cognitive/AI software platforms market achieved solid growth in 2017, 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 2022, approaching $9.5 billion in revenue, at a CAGR of 36.7%. Vendors looking to take advantage of AI, deep learning, and machine learning need to act now to gain the benefits derived from these technologies. IDC is already seeing that organizations that have deep widespread use of these capabilities are leading the pack in terms of revenue, profit, and overall leadership in their respective industries and segments."

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
Digital Transformation Will Remain the Strongest Business Driver for Cloud Adoption
Conversational AI Applications
Deep Learning/Machine Learning Adoption
Inhibitors
Enterprise Application Adoption of AI
Open Source Technology Options
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Historical and Forecast Market Values and Exchange Rates
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