target audience: TECH SUPPLIER Publication date: Jul 2024 - Document type: Market Forecast - Doc Document number: # US52408823
Worldwide Generative AI Software Services Forecast, 2024–2028: Unlocking Exponential Growth Trajectories Through Transformative Innovations
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Abstract
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.