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