IDC Forecasts AI Platforms Software CAGR 40%

The market for artificial intelligence (AI) platforms software grew at a rapid pace in 2023 and is projected to maintain its remarkable momentum, driven by the increasing adoption of AI across many industries. A new International Data Corporation (IDC) forecast shows that worldwide revenue for AI platforms software will grow to $153.0 billion in 2028 with a compound annual growth rate (CAGR) of 40.6% over the 2023-2028 forecast period.

Read more here …https://www.outlookseries.com/A0768/Infrastructure/3277_IDC_Forecasts_AI_Platforms_Software_CAGR_40.htm

Felix Hoddinott shares some thoughts from Quantexa.