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Worldwide Generative AI Software Services Forecast, 2024–2028: Unlocking Exponential Growth Trajectories Through Transformative Innovations

Publisher IDC
Published Jul 25, 2024
Length 12 Pages
SKU # IDC19024018

Description

Worldwide Generative AI Software Services Forecast, 2024–2028: Unlocking Exponential Growth Trajectories Through Transformative Innovations


This IDC study presents a forecast for the worldwide generative AI software services market for 2024–2028."Generative AI is not only evolving; it is transforming entire industries. With a projected increase from $2.8 billion in 2023 to $39.6 billion by 2028, this technology is transforming everything from customer engagement to product design. As organizations rush to acquire the necessary skills and address accuracy concerns, those who successfully navigate these challenges will unlock unprecedented growth and innovation," says Raghunandhan Kuppuswamy, research manager at IDC's AI and Automation research.

Please Note: Extended description available upon request.

Table of Contents

12 Pages

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

Drivers and Inhibitors

Drivers

AI Everywhere — Generative AI Takes the Spotlight

The Drive to Automate — Maximizing Efficiency and New Opportunities

Inhibitors

Geopolitical Turbulence — Sovereignty Under Emerging Fragmentation

Dynamic Work and Skills Requirements — New Work Mode Era

Significant Market Developments

Changes from Prior Forecast

Market Definition

Generative AI Software Services

Methodology

Historical and Forecast Market Values and Exchange Rates

Related Research

Search Inside Report

Pricing

Currency Rates
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