Worldwide AI software market to reach $62 billion in 2022 -- Gartner

The AI software forecast from Gartner is based on use cases, measuring the amount of potential business value, timing of business value and risk to project how use cases will grow. According to the global research firm and consultancy, the top five use case categories for AI software spending in 2022 will be knowledge management; virtual assistants; autonomous vehicles; digital workplace; and crowdsourced data. The AI software market encompasses applications with AI embedded in them, such as computer vision software, as well as software that is used to build AI systems. "The AI software market is picking up speed, but its long-term trajectory will depend on enterprises advancing their AI maturity," said Alys Woodward, senior research director at Gartner. "Successful AI business outcomes will depend on the careful selection of use cases. Use cases that deliver significant business value, yet can be scaled to reduce risk, are critical to demonstrate the impact of AI investment to business stakeholders."