AI Becoming ‘Ubiquitous’ Across ‘All Functional Areas’ of Business: IDC
Global artificial intelligence revenue in 2021, including software, hardware and services, is forecast to grow 16.4% year over year to $327.5 billion, reported IDC Tuesday. It projects the market will surpass $500 billion by 2024. Software generated 88% of 2020…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
AI revenue, though its projected 17.3% five-year annual growth rate makes it the lowest growth category in this sector, said IDC. "The global pandemic has pushed AI to the top of the corporate agenda," said analyst Ritu Jyoti. “AI is becoming ubiquitous across all the functional areas of a business.”