LONDON (April 29, 2020) -- Global AI software revenue is projected to increase by 12-fold in the next seven years, skyrocketing from $10.1 billion in 2018 to $126.0 billion in 2025 according to Omdia. "The global AI market is entering a new phase in 2020 where the narrative is shifting from asking whether AI is viable to declaring that AI is now a requirement for most enterprises that are trying to compete on a global level," said Keith Kirkpatrick, principal analyst with Omdia. "AI is likely to trigger major transformations in industries where there is a clear case for incorporating AI, rather than in pie-in-the-sky use cases that may not generate a return on investment (ROI) for many years." Top use cases Demand for artificial intelligence in the consumer, enterprise, government and defense sectors is growing. Currently, the number of business-to-business (B2B) software opportunities related to AI total 333 and cover 28 industry sectors, with 203 unique use cases.

"We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies." As the first wave of AI patents are now emerging globally, litigation is not far behind. When it was released in 1968, Stanley Kubrik's 2001: A Space Odyssey predicted that in 2001 artificial intelligence (AI) would be part of everyday life and humankind would be battling against rogue machines.