According to International Data Corporation (IDC), the artificial intelligence market, including software, hardware, and services, will reach $900 billion by 2026. The AI market is estimated to show annual growth of 18.6% between 2022 and 2026.
"The COVID-19 pandemic quickly revealed that our current systems are not as resilient as we thought they were," an IDC expert stated. "We have seen digital transformation become an urgent necessity for disrupted supply chains, a short of workforce and skills, and a critical need for fast and accurate data to support decision-making processes. Artificial intelligence proved to be a solution to many real-life problems, which did not go unnoticed among businesses."
IDC sees considerable opportunities for artificial intelligence in the future and names the ability to analyze healthcare systems in depth as well as to recognize images and video in the field of security as one of its prominent features.
IDC estimates that the total value of the AI market in Europe, the Middle East, and Africa (EMEA) could exceed $100 billion in 2023 and reach $200 billion in 2026. AI services will be the fastest-growing category (27.4%) in 2022–2026.
