According to the IDC, worldwide spending on AI, including AI-enabled applications, infrastructure and related IT and business services, will more than double by 2028. read more

AUG 20, 2024 - 6:03 am

The market for artificial intelligence (AI) platforms software grew at a rapid pace in 2023 and is projected to maintain its remarkable momentum, driven by the increasing adoption of AI across many industries, according to the International Data Corporation (IDC). read more

JUL 30, 2024 - 6:14 am

An updated forecast from International Data Corporation shows that enterprises will invest more than $19.4 billion worldwide on GenAI solutions in 2023. This spending is expected to more than double in 2024 and reach $151.1 billion in 2027. read more

DEC 22, 2023 - 6:40 am

According to a recent forecast from International Data Corporation, the worldwide artificial intelligence software market will grow from $64 billion in 2022 to nearly $251 billion in 2027 at a compound annual growth rate of 31.4%. read more

NOV 2, 2023 - 6:41 am

A new forecast from International Data Corporation shows that enterprises will invest nearly $16 billion worldwide on GenAI solutions in 2023. This spending is expected to reach $143 billion in 2027 with a compound annual growth rate of 73.3% over the 2023 to 2027 forecast period. read more

OCT 17, 2023 - 5:10 am

Worldwide revenues for the artificial intelligence market, including software, hardware and services, is forecast to grow 19.6% year over year in 2022 to $432.8 billion, according to International Data Corporation. read more

FEB 18, 2022 - 6:46 am

According to IDC, global spending on artificial intelligence (AI) is forecast to double during the next four years, growing from $50.1 billion in 2020 to more than $110 billion in 2024. read more

AUG 26, 2020 - 7:37 am