According to a new report published by the International Data Corporation (IDC) research company, global spending on software, hardware and services using artificial intelligence technologies will reach $900 billion in 2026.
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IDC experts predict that the market for artificial intelligence technologies will grow at an average rate of 18.6% per year from 2022 to 2026. Services category will continue to be the fastest growing segment of the market with a growth rate of 27.4%. In software and hardware areas, an annual growth rate of 17.5% and 15.4% is predicted, respectively.
Situation by country
On a country basis, the highest growth is expected to occur in Germany, England and France. The German market has the advantage of having strong investment support from the government in artificial intelligence research and development. IDC believes that by 2026, software in Europe will account for almost 60% of the total market for technologies and services using AI.
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