Top
image credit: Freepik

AI software market to quadruple to $251B by 2027

October 31, 2023

The market for software that uses artificial intelligence (AI) to automate tasks and generate content in response to user prompts is expected to grow nearly four-fold through 2027.

The worldwide AI software market will grow from $64 billion last year to nearly $251 billion in 2027, representing a compound annual growth rate (CAGR) of 31.4%, according to a new report from IDC, Worldwide Artificial Intelligence Software Forecast, 2023–2027.

Read More on Computerworld