target audience: TECH SUPPLIER Publication date: Jul 2024 - Document type: Market Share - Doc Document number: # US52386524
Worldwide Artificial Intelligence Platforms Software Market Shares, 2023: AI Adoption Soars to New Heights, Driving Transformative Business Impact
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Abstract
This IDC study presents a view of worldwide artificial intelligence (AI) platforms software revenue broken down by vendor for the historical year 2023.
"Despite continuing financial challenges, the market for artificial intelligence platforms software grew by 44.4% to $27.9 billion in 2023," says Raghunandhan Kuppuswamy, research manager, AI and Automation Software Research at IDC. "While the AI industry expanded rapidly in 2022 due to the relentless pursuit of efficiency and productivity gains, 2023 proved to be a watershed moment. Organizations faced harsh realities of AI implementation, including high costs, talent scarcity, and the growing pains of integrating these complex systems into existing workflows. The excitement surrounding AI had reached an all-time high, but the true test was whether businesses could overcome these formidable challenges and derive tangible, long-term value from their AI investments. Those who failed to take on these challenges head-on fell behind in an increasingly competitive environment."