Cloud Based Deployments Drive Market Expansion

Artificial Intelligence Software Market to Experience Exponential Growth

Cloud-Based Deployments Drive Market Expansion

IDC Forecasts Significant Market Acceleration

The global artificial intelligence (AI) software market is set for an era of unprecedented growth, according to the latest predictions from International Data Corporation (IDC). The research firm anticipates that cloud-based deployments of AI platforms will surge ahead of on-premise solutions, propelling the market's expansion at an accelerated pace.

IDC's comprehensive market analysis projects that the AI platforms software market will reach a staggering $153 billion in value by 2027, a significant increase from its 2022 valuation of $31.4 billion. This remarkable growth will be fueled by organizations embracing AI to enhance their operations and gain a competitive advantage.

Organizations are increasingly recognizing the transformative power of AI, and IDC predicts that AI software spending will reach $29.79 billion by 2027. This growth will drive market acceleration over the next five years, with the worldwide revenues for the AI market expected to undergo a significant surge.