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Mar 09, 2022

The artificial intelligence market will continue to grow rapidly

According to a report on the website of the Spanish newspaper Notícias on February 20, the total revenue of the global artificial intelligence market, including software, hardware and services, will increase by 19.6% in 2022, reaching 380.35 billion euros, and will exceed 400 billion euros in 2023. the mark. According to the forecast of consulting firm International Data Corporation, among the three major categories of artificial intelligence solutions, artificial intelligence hardware and services will grow faster, while the share of artificial intelligence software in total investment in 2022 will decline.

Overall, the consultancy expects AI services to grow at a compound annual growth rate of 22 percent through 2025, while hardware will grow at 20.5 percent. In the software category, AI applications accounted for 47% of investment in the field in the first half of 2021, followed by AI systems infrastructure software at 35%.

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According to the consultancy, AI has become a differentiator for "businesses to scale and thrive in the era of digital transformation." Therefore, solutions will focus on process optimization, planning and forecasting, which will lead to "superior decision-making and results". IDC also believes that there will be great advances in language, sound and vision technologies and multimodal solutions that are revolutionizing "human efficiency."


McKinsey & Company says that by 2021, more than half of businesses worldwide will have adopted at least one AI capability, which will have a positive impact on their revenue and spending. In addition, two-thirds of companies will maintain investment in AI over the next three years.



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