IDC: AI market revenues continue to grow but at a slower rate
By Paul Hill · Aug 4, 2020
By Paul Hill · Aug 4, 2020
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IDC Для просмотра ссылки Войдиили Зарегистрируйся that it expects to see worldwide revenue in the artificial intelligence (AI) market rise this year by around 12.3% compared to 2019. With the increase factored in, the analyst said that the market could see $156.5 billion in revenue this year. IDC said that the growth this year is slower due to the COVID-19 pandemic but it thinks that investment in AI will recover quickly.
According to IDC’s research, software makes up the largest AI technology group and delivers 80% of all AI revenue. Within the software segment, AI Applications bring in the lion’s share of revenue – IDC expects it to bring in $120.4 billion in 2020.
Commenting on the findings, Ritu Jyoti, program vice president, Artificial Intelligence Research at IDC, said:
On the AI hardware front, IDC said revenues will reach $13.4 billion in 2020, an increase of 10.3% year-over-year. As with the software category, this growth rate represents a significant drop from the previous year when it grew 33.4%. The analyst said that AI hardware should return to strong growth next year with 35.5% year-on-year growth.
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IDC Для просмотра ссылки Войди
According to IDC’s research, software makes up the largest AI technology group and delivers 80% of all AI revenue. Within the software segment, AI Applications bring in the lion’s share of revenue – IDC expects it to bring in $120.4 billion in 2020.
Commenting on the findings, Ritu Jyoti, program vice president, Artificial Intelligence Research at IDC, said:
CRM AI Applications and ERM AI Applications were the two largest segments in the AI Applications market accounting for 20% and 17% of the market share respectively. IDC said Adobe held the top spot for AI-centric CRM Applications while Microsoft held first place for AI non-centric CRM applications. In the AI Application segment as a whole, Microsoft also holds the top spot under AI non-centric software.
On the AI hardware front, IDC said revenues will reach $13.4 billion in 2020, an increase of 10.3% year-over-year. As with the software category, this growth rate represents a significant drop from the previous year when it grew 33.4%. The analyst said that AI hardware should return to strong growth next year with 35.5% year-on-year growth.
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