annual ai software revenue
Annual AI software revenue to reach $126 billion by 2025
Market intelligence firm Tractica has released a new report which explores the global market for artificial intelligence (AI) software between 2018 and 2025. According to the study, the annual global AI software revenue will grow from $10.1 billion to $126.0 billion during the forecast period. More than 330 AI software use cases will contribute to market growth across 28 Industries. The strongest enterprise AI opportunities are in the automotive, consumer, financial services, telecommunications and retail industries. The top five sectors dominating the AI software market have clear business cases for incorporating AI unlike other industries with pie-in-the-sky use cases that may not generate a return on investment for many years.