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IDC forecasts companies to increase spend on AI solutions by 19.6% in 2022

February 15, 2022SSN Staff

NEEDHAM, Mass.—Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services, is forecast to grow 19.6 percent year over year in 2022 to $432.8 billion, according to the latest release of the International Data Corporation (IDC) Worldwide Semiannual Artificial Intelligence Tracker. The market is expected to break the $500 billion mark in 2023. "AI has emerged as the next major wave of innovation. AI solutions are currently focused on business...

International Data Corporation (IDC), Jennifer Hamel, Ritu Jyoti