Forecast shows that global AI software revenue will grow at a compound annual growth rate of 31.4% to US$279 billion (IDC)

November 2 news, according to the latest forecast report released by market research organization IDC, the global AI software market size will be US$64 billion in 2022, is estimated to be 2027. to US$279 billion, with a compound annual growth rate (CAGR) of 31.4%.

Note from this site: AI software includes AI platform, AI application, AI system infrastructure software (SIS) and AI application development and deployment (AD&D) software, etc. Among them, generative AI platform and application It will generate revenue of US$28.3 billion in 2027.

IDC’s recent survey found that in the next 12 months, about one-third of respondents believe that organizations will prefer to purchase AI software from vendors, or for specific use environments or application areas. Use in-house support as well as vendor-provided AI software. This demonstrates the growing demand for AI solutions and highlights the need for a customized approach based on individual business needs.

The highest proportion of AI software is AI applications, accounting for approximately one-third of the total market revenue in 2023. This category includes collaboration, content workflow and management, enterprise resource management (ERM), supply chain management, production and operations, engineering, and customer relationship management (CRM) applications. The compound annual growth rate of the AI ​​application category in the next five years is 21.1%

In terms of future revenue, artificial intelligence platforms will be the second largest category. Artificial intelligence platforms are expected to grow the second fastest between 2023 and 2027 (CAGR of 35.8%), becoming the largest revenue category in most forecasts. Artificial intelligence platforms promote the development of artificial intelligence models and applications, such as intelligent assistants that can imitate human cognitive abilities

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