AI platforms software market poised for strong growth

The market for artificial intelligence (AI) platforms software experienced rapid growth in 2023 and is expected to maintain its remarkable momentum, driven by the increasing adoption of AI across numerous industries, according to market intelligence firm IDC.

IDC’s latest forecast projects that worldwide revenue for AI platforms software will reach $153.0 billion by 2028, with a compound annual growth rate (CAGR) of 40.6 per cent over the 2023-2028 forecast period.

“The AI platforms market shows no signs of slowing down.