target audience: TECH SUPPLIER Publication date: Jul 2024 - Document type: Market Forecast - Doc Document number: # US52386424
Worldwide Artificial Intelligence Platforms Software Forecast, 2024–2028: AI Integration Accelerates, Fueling Technological Breakthroughs and Business Transformations
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Abstract
IDC also expects the revenue from cloud-based deployments of AI platforms software to grow at a CAGR of 50.9%, which is faster than on premises, ultimately surpassing the revenue from on-premises deployments by 2028.
This IDC study presents a view of worldwide artificial intelligence (AI) platforms software revenue for the historical year 2023 and the five forecast years 2024–2028.
"The AI platforms software market shows no signs of slowing down. With a surge in adoption across various industries, the introduction of groundbreaking innovations, and the emergence of generative AI, the market has witnessed unprecedented growth," says Raghunandhan Kuppuswamy, research manager, Artificial Intelligence and Automation research, IDC. "I predict that this upward trajectory will continue to accelerate, unlocking a wealth of possibilities for companies and investors alike to capitalize on the transformative potential of AI platforms."