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NEEDHAM, Mass., February 23, 2021 – Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services, are forecast to lớn grow 16.4% year over year in 2021 lớn $327.5 billion, according to lớn the lachạy thử release of the International Data Corporation (songbaivn.com) Worldwide Semiannual Artificial Intelligence Tracker. By 2024, the market is expected lớn break the $500 billion mark with a five-year compound annual growth rate (CAGR) of 17.5% & total revenues reaching an impressive sầu $554.3 billion. Ahy vọng the three giải pháp công nghệ categories, software represented 88% of the total AI market revenues in 20trăng tròn. However, it is the slowest growing category with a five-year CAGR of 17.3%. Within the AI software category, AI Applications took the largest chia sẻ of revenue at một nửa in 20đôi mươi. In terms of growth, the AI Software Platforms market is forecast lớn be the strongest with a five-year CAGR of 32.7%. The slowest will be AI System Infrastructure Software with a five-year CAGR of 13.7% while accounting for roughly 36% of AI software revenues. Within the AI Applications market, AI ERM is expected lớn grow slightly stronger than AI CRM over the next five years.
"The global pandemic has pushed AI to the top of the corporate agendomain authority, empowering business resilience & relevance," says Ritu Jyoti, program vice president for AI Research at songbaivn.com. "AI is becoming ubiquitous across all the functional areas of a business. Advancements in Machine Learning, Conversational AI, và Computer Vision AI are at the forefront of AI software innovations, architecting converged business và IT process optimizations, predictions and recommendations, & enabling transformative sầu customer & employee experiences."
Top 3 Companies in the AI Software Primary Market & the 3 AI Software Platforms Functional Markets, 1H 20đôi mươi (ranking based on worldwide revenues)AI Software MarketAI Type#1#2#3AI Software PlatformsAI CentricIBMMicrosoftSAS InstituteAI ApplicationsAI CentricIBMOpenTextSlackAI non-CentricMicrosoftIntuitGoogleAI System Infrastructure SoftwareAI CentricIBMMicrosoftDynatraceAI non-CentricMicrosoftVMwareMcAfeeAI Application Development và DeploymentAI CentricMicrosoftGooglePalantirAI non-CentricMicrosoftESRITeradata
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The AI Services category grew slower than the overall AI market with 13% annual revenue growth in 20đôi mươi. However, it is forecast khổng lồ grow 17.4% year over year in 2021, outperforming the overall AI market by approximately 1%. Its five-year CAGR is expected khổng lồ be 18.4% with revenues reaching $37.9 billion by 2024. This công nghệ category breaks down inkhổng lồ two market segments: IT Services và Business Services. IT Services is the larger of the two, accounting for nearly 80% of all AI Services revenues. From a growth perspective sầu, IT Services for AI tends to lớn grow faster than Business Services for AI except for 2024, where Business Services for AI is forecast lớn perkhung slightly higher than both IT Services for AI and the overall AI Services market. "Though the pandemic interrupted the momentum of worldwide AI services market growth, enterprise demand for AI capabilities khổng lồ support business resiliency and augment human productivity sustained double-digit expansion in 20đôi mươi, even as other discretionary projects experienced delays," said Jennifer Hamel, research manager, Analytics & Intelligent Automation Services. "Client dem& for technical expertise to develop, implement, and manage AI applications drives IT services expansion, while increasing adoption of AI-enabled automation within business processes boosts spending on business services." The lathử nghiệm release of the AI Tracker covers a total of 160 vendor companies in the AI Services market. Under IT Services for AI, the Top 3 companies in 1H 2020 were IBM, Accenture, & Infosys. These were the only companies to bring in more than $500 million in IT Services for AI revenues và their combined mô tả of the market was 28%. Beyond the Top 3, 13 other companies generated more than $100 million each during the same period. In the Business Services for AI market, there were only four companies – Ernst và Young, PwC, Deloitte, và Booz Allen Hamilton – that generated revenues of more than $100 million in 1H 2020. Overall, the competitive landscape in both services markets for AI is a highly fragmented one where players from across the services value chain continue to lớn invest in công nghệ assets, innovation resources, and expertise in applying AI to solve sầu industry- và domain-specific problems for clients.
The AI hardware market is the smallest category with approximately 5% share of overall AI revenues in 20đôi mươi. The nội dung is forecast to lớn increase slightly in 2021 at the expense of AI Software. The AI Server market grew faster than the AI Storage market in 20đôi mươi, but these results are expected to the reverse in 2021 when AI Storage is forecast khổng lồ grow 31.8% year over year compared to 26.4% for the AI Server market. By 2024, AI Hardware is forecast to be a $30.5 billion market with AI Servers representing an 82% revenue nói qua."The AI hệ thống & storage markets continue lớn see rapid growth, providing an increasingly specialized và innovative sầu infrastructure foundation under the entire AI landscape," said Peter Rutten, research director, Infrastructure Systems, Platforms và Technologies at songbaivn.com. In terms of 1H 20đôi mươi vendor chia sẻ, the top companies in the AI Server market were (in alphabetical order) Dell, HPE, Huawei, IBM, Inspur, và Lenovo. Each of these companies brought in more than $250 million in 1H 2020 & collectively these 6 companies accounted for 58% of the market, while 30% went to ODMs. While the number of vendor companies tracked in each market is the same, the competitive landscape of AI Server market is more fragmented than the AI Storage market, where the Top 3 companies accounted for 49% market share in 1H 20đôi mươi.
The songbaivn.com Worldwide Semiannual Artificial Intelligence Tracker publishes AI vendor giới thiệu and market forecast data on a semi-annual basis. It provides data & insights inkhổng lồ all the key technology areas – server, storage, software, & services – built on songbaivn.com"s comprehensive sầu methodology involving vendor sản phẩm, market, and workload modeling. Over 650 vendor companies are currently published in the tracker, ensuring that the competitive landscape is well represented across all the three giải pháp công nghệ categories. The January 2021 release also includes, for the first time, country cấp độ details; data on a total of 27 countries and 5 rest-of regions are available via subscription. Through its broad & in-depth coverage, the Tracker can be relied on by users to lớn assess which sectors within the AI market are expected to grow in demand during these unusually challenging times & optimize their business plans accordingly. In the next release, scheduled for July 2021, songbaivn.com plans for the Tracker khổng lồ expvà with more details, including software deployment type as well as introducing more market granularity in the software space. About songbaivn.com Trackers songbaivn.com Tracker products provide accurate và timely market form size, vendor mô tả, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools & research processes, songbaivn.com"s Trackers are updated on a semiannual, quarterly, & monthly basis. Tracker results are delivered lớn clients in user-friendly Excel deliverables và on-line query tools. For more information about songbaivn.com"s Worldwide Semiannual Artificial Intelligence Tracker, please contact Kathy Nagamine at 650-350-6423 or knagamine
songbaivn.com.Click here lớn learn about songbaivn.com"s full suite of data products và how you can leverage them khổng lồ grow your business. About songbaivn.comInternational Data Corporation (songbaivn.com) is the premier global provider of market intelligence, advisory services, và events for the information giải pháp công nghệ, telecommunications, và consumer công nghệ markets. With more than 1,100 analysts worldwide, songbaivn.com offers global, regional, và local expertise on giải pháp công nghệ and industry opportunities & trends in over 110 countries. songbaivn.com"s analysis và insight helps IT professionals, business executives, and the investment community to lớn make fact-based công nghệ decisions & to lớn achieve their key business objectives. Founded in 1964, songbaivn.com is a wholly-owned subsidiary of International Data Group (IDG), the world"s leading tech media, data và marketing services company. To learn more about songbaivn.com, please visit www.songbaivn.com. Follow songbaivn.com on Twitter at
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songbaivn.com and LinkedIn. Subscribe to the songbaivn.com Blog for industry news & insights: http://bit.ly/songbaivn.comBlog_Subscribe.
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NEEDHAM, Mass., February 23, 2021 – Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services, are forecast to lớn grow 16.4% year over year in 2021 lớn $327.5 billion, according to lớn the lachạy thử release of the International Data Corporation (songbaivn.com) Worldwide Semiannual Artificial Intelligence Tracker. By 2024, the market is expected lớn break the $500 billion mark with a five-year compound annual growth rate (CAGR) of 17.5% & total revenues reaching an impressive sầu $554.3 billion. Ahy vọng the three giải pháp công nghệ categories, software represented 88% of the total AI market revenues in 20trăng tròn. However, it is the slowest growing category with a five-year CAGR of 17.3%. Within the AI software category, AI Applications took the largest chia sẻ of revenue at một nửa in 20đôi mươi. In terms of growth, the AI Software Platforms market is forecast lớn be the strongest with a five-year CAGR of 32.7%. The slowest will be AI System Infrastructure Software with a five-year CAGR of 13.7% while accounting for roughly 36% of AI software revenues. Within the AI Applications market, AI ERM is expected lớn grow slightly stronger than AI CRM over the next five years.
"The global pandemic has pushed AI to the top of the corporate agendomain authority, empowering business resilience & relevance," says Ritu Jyoti, program vice president for AI Research at songbaivn.com. "AI is becoming ubiquitous across all the functional areas of a business. Advancements in Machine Learning, Conversational AI, và Computer Vision AI are at the forefront of AI software innovations, architecting converged business và IT process optimizations, predictions and recommendations, & enabling transformative sầu customer & employee experiences."
Top 3 Companies in the AI Software Primary Market & the 3 AI Software Platforms Functional Markets, 1H 20đôi mươi (ranking based on worldwide revenues)AI Software MarketAI Type#1#2#3AI Software PlatformsAI CentricIBMMicrosoftSAS InstituteAI ApplicationsAI CentricIBMOpenTextSlackAI non-CentricMicrosoftIntuitGoogleAI System Infrastructure SoftwareAI CentricIBMMicrosoftDynatraceAI non-CentricMicrosoftVMwareMcAfeeAI Application Development và DeploymentAI CentricMicrosoftGooglePalantirAI non-CentricMicrosoftESRITeradata
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The AI Services category grew slower than the overall AI market with 13% annual revenue growth in 20đôi mươi. However, it is forecast khổng lồ grow 17.4% year over year in 2021, outperforming the overall AI market by approximately 1%. Its five-year CAGR is expected khổng lồ be 18.4% with revenues reaching $37.9 billion by 2024. This công nghệ category breaks down inkhổng lồ two market segments: IT Services và Business Services. IT Services is the larger of the two, accounting for nearly 80% of all AI Services revenues. From a growth perspective sầu, IT Services for AI tends to lớn grow faster than Business Services for AI except for 2024, where Business Services for AI is forecast lớn perkhung slightly higher than both IT Services for AI and the overall AI Services market. "Though the pandemic interrupted the momentum of worldwide AI services market growth, enterprise demand for AI capabilities khổng lồ support business resiliency and augment human productivity sustained double-digit expansion in 20đôi mươi, even as other discretionary projects experienced delays," said Jennifer Hamel, research manager, Analytics & Intelligent Automation Services. "Client dem& for technical expertise to develop, implement, and manage AI applications drives IT services expansion, while increasing adoption of AI-enabled automation within business processes boosts spending on business services." The lathử nghiệm release of the AI Tracker covers a total of 160 vendor companies in the AI Services market. Under IT Services for AI, the Top 3 companies in 1H 2020 were IBM, Accenture, & Infosys. These were the only companies to bring in more than $500 million in IT Services for AI revenues và their combined mô tả of the market was 28%. Beyond the Top 3, 13 other companies generated more than $100 million each during the same period. In the Business Services for AI market, there were only four companies – Ernst và Young, PwC, Deloitte, và Booz Allen Hamilton – that generated revenues of more than $100 million in 1H 2020. Overall, the competitive landscape in both services markets for AI is a highly fragmented one where players from across the services value chain continue to lớn invest in công nghệ assets, innovation resources, and expertise in applying AI to solve sầu industry- và domain-specific problems for clients.
The AI hardware market is the smallest category with approximately 5% share of overall AI revenues in 20đôi mươi. The nội dung is forecast to lớn increase slightly in 2021 at the expense of AI Software. The AI Server market grew faster than the AI Storage market in 20đôi mươi, but these results are expected to the reverse in 2021 when AI Storage is forecast khổng lồ grow 31.8% year over year compared to 26.4% for the AI Server market. By 2024, AI Hardware is forecast to be a $30.5 billion market with AI Servers representing an 82% revenue nói qua."The AI hệ thống & storage markets continue lớn see rapid growth, providing an increasingly specialized và innovative sầu infrastructure foundation under the entire AI landscape," said Peter Rutten, research director, Infrastructure Systems, Platforms và Technologies at songbaivn.com. In terms of 1H 20đôi mươi vendor chia sẻ, the top companies in the AI Server market were (in alphabetical order) Dell, HPE, Huawei, IBM, Inspur, và Lenovo. Each of these companies brought in more than $250 million in 1H 2020 & collectively these 6 companies accounted for 58% of the market, while 30% went to ODMs. While the number of vendor companies tracked in each market is the same, the competitive landscape of AI Server market is more fragmented than the AI Storage market, where the Top 3 companies accounted for 49% market share in 1H 20đôi mươi.
The songbaivn.com Worldwide Semiannual Artificial Intelligence Tracker publishes AI vendor giới thiệu and market forecast data on a semi-annual basis. It provides data & insights inkhổng lồ all the key technology areas – server, storage, software, & services – built on songbaivn.com"s comprehensive sầu methodology involving vendor sản phẩm, market, and workload modeling. Over 650 vendor companies are currently published in the tracker, ensuring that the competitive landscape is well represented across all the three giải pháp công nghệ categories. The January 2021 release also includes, for the first time, country cấp độ details; data on a total of 27 countries and 5 rest-of regions are available via subscription. Through its broad & in-depth coverage, the Tracker can be relied on by users to lớn assess which sectors within the AI market are expected to grow in demand during these unusually challenging times & optimize their business plans accordingly. In the next release, scheduled for July 2021, songbaivn.com plans for the Tracker khổng lồ expvà with more details, including software deployment type as well as introducing more market granularity in the software space. About songbaivn.com Trackers songbaivn.com Tracker products provide accurate và timely market form size, vendor mô tả, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools & research processes, songbaivn.com"s Trackers are updated on a semiannual, quarterly, & monthly basis. Tracker results are delivered lớn clients in user-friendly Excel deliverables và on-line query tools. For more information about songbaivn.com"s Worldwide Semiannual Artificial Intelligence Tracker, please contact Kathy Nagamine at 650-350-6423 or knagamine
songbaivn.com.Click here lớn learn about songbaivn.com"s full suite of data products và how you can leverage them khổng lồ grow your business. About songbaivn.comInternational Data Corporation (songbaivn.com) is the premier global provider of market intelligence, advisory services, và events for the information giải pháp công nghệ, telecommunications, và consumer công nghệ markets. With more than 1,100 analysts worldwide, songbaivn.com offers global, regional, và local expertise on giải pháp công nghệ and industry opportunities & trends in over 110 countries. songbaivn.com"s analysis và insight helps IT professionals, business executives, and the investment community to lớn make fact-based công nghệ decisions & to lớn achieve their key business objectives. Founded in 1964, songbaivn.com is a wholly-owned subsidiary of International Data Group (IDG), the world"s leading tech media, data và marketing services company. To learn more about songbaivn.com, please visit www.songbaivn.com. Follow songbaivn.com on Twitter at
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songbaivn.com and LinkedIn. Subscribe to the songbaivn.com Blog for industry news & insights: http://bit.ly/songbaivn.comBlog_Subscribe.
Regions Covered
Worldwide
Topics CoveredApplication development software, Cognitive/artificial intelligence, Customer relationship management applications