It's one of the most well-known companies in the world, and now Apple has officially been crowned the world's biggest phonemaker. While Samsung has taken the top spot every year since 2010, it was finally knocked off its pedestal by Apple in 2023. Figures released by the International Data Corporation (IDC) reveal how Apple took 20.1 per cent of the market share last year – a 3.7 per cent increase on 2022. 'The biggest winner is clearly Apple,' said Nabila Popal, research director with IDC's Worldwide Tracker team. 'Not only is Apple the only player in the Top 3 to show positive growth annually, but also bags the number 1 spot annually for the first time ever.'

NEEDHAM, Mass., March 7, 2023 – A new forecast from the International Data Corporation (IDC) Worldwide Artificial Intelligence Spending Guide shows that global spending on artificial intelligence (AI), including software, hardware, and services for AI-centric systems*, will reach $154 billion in 2023, an increase of 26.9% over the amount spent in 2022. The ongoing incorporation of AI into a wide range of products will result in a compound annual growth rate (CAGR) of 27.0% over the 2022-2026 forecast with spending on AI-centric systems expected to surpass $300 billion in 2026. "Companies that are slow to adopt AI will be left behind – large and small. AI is best used in these companies to augment human abilities, automate repetitive tasks, provide personalized recommendations, and make data-driven decisions with speed and accuracy," said Mike Glennon, senior market research analyst with IDC's Customer Insights & Analysis team. "Suppliers of AI technologies need to know which are the largest and fastest growing opportunities, but without data they become just another opinion. IDC's AI Spending Guide provides the foundation for marketing strategy through its comprehensive coverage of AI opportunities and gives a robust basis for a market focus that ties with companies' capabilities."

NEEDHAM, Mass., September 12, 2022 – Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services for both AI centric and AI non-centric applications*, totaled $383.3 billion in 2021, an increase of 20.7% over the prior year, according to the most recent International Data Corporation (IDC) Worldwide Semiannual Artificial Intelligence Tracker. IDC expects the AI market value will reach nearly $450 billion in 2022 and maintain a year-over-year growth rate in the high teens throughout the five-year forecast. "Across all industries and functions, end-user organizations are discovering the benefits of AI technologies, as increasingly powerful AI solutions are enabling better decision-making and higher productivity," said Rasmus Andsbjerg, associate vice president, Data & Analytics at IDC. "The reality is, AI offers solutions to everything we are facing at the moment. AI can be a source for fast-tracking digital transformation journeys, enable cost savings in times of staggering inflation rates and support automation efforts in times of labor shortages." AI Software again accounted for the largest share the overall AI market in 2021.

The article highlights four companies in the Global X Artificial Intelligence & Technology ETF (AIQ) that are shaping the growth path of technologies along the AI value chain.

NEEDHAM, Mass., February 15, 2022 – Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services, is forecast to grow 19.6% year over year in 2022 to $432.8 billion, according to the latest release of the International Data Corporation (IDC) Worldwide Semiannual Artificial Intelligence Tracker. The market is expected to break the $500 billion mark in 2023. "AI has emerged as the next major wave of innovation. AI solutions are currently focused on business process problems and range from human augmentation to process improvement to planning and forecasting, empowering superior decisioning and outcomes. Advancements in language, voice and vision technologies, and multi-modal AI solutions are revolutionizing human efficiencies," said Ritu Jyoti, group vice president, Worldwide Artificial Intelligence (AI) and Automation Research at IDC. "Overall, AI plus human ingenuity is the differentiator for enterprises to scale and thrive in the era of compressed digital transformation."

Artificial Intelligence and Machine Learning are two disruptive technologies that are changing business, education, healthcare and finance in productive ways. Reports of the International Data Corporation (IDC) survey say that companies are already spending more on AI. Over half of the businesses have adopted AI in one form or other. To implement such powerful technologies and empower your business, these are the basic requirements. In order to be proactive in implementing these advanced technologies, we have to identify commonalities throughout the business.

FRAMINGHAM, Mass., August 25, 2020 – Global spending on artificial intelligence (AI) is forecast to double over the next four years, growing from $50.1 billion in 2020 to more than $110 billion in 2024. According to the International Data Corporation (IDC) Worldwide Artificial Intelligence Spending Guide, spending on AI systems will accelerate over the next several years as organizations deploy artificial intelligence as part of their digital transformation efforts and to remain competitive in the digital economy. The compound annual growth rate (CAGR) for the 2019-2024 period will be 20.1%. "Companies will adopt AI -- not just because they can, but because they must," said Ritu Jyoti, program vice president, Artificial Intelligence at IDC. "AI is the technology that will help businesses to be agile, innovate, and scale. The companies that become'AI powered' will have the ability to synthesize information (using AI to convert data into information and then into knowledge), the capacity to learn (using AI to understand relationships between knowledge and apply the learning to business problems), and the capability to deliver insights at scale (using AI to support decisions and automation)."

The demand for AI continues to increase according to forecasts by International Data Corporation. Enterprises will adopt AI in 2020 with an estimated 16% surge compared to previous years. Diversity is enabling the growth of AI as companies rely on AI for decision-making with bias incidents reducing according to the IDC report. The customer experience from AI is growing as enterprises analyze interactions, and respond to queries in real-time. Automated AI systems are offering customer support, an area humans have faced challenges because of physical limitations.

MUMBAI: The India IT and business services market is likely to grow 6.9% annually to $13.3 billion by December this year, according to International Data Corporation's (IDC) semi-annual services tracker. The industry tracker forecasts that the IT and business services market is further expected to grow annually by 6.8% to be valued at $14.2 billion by December 2020. The IT Services market contributed 77% in the first half and is further expected to expand to $10.2 billion by December 2019, growing at 7.2% annually. IDC expects that the IT Services market will grow at a compounded annual growth rate (CAGR) of 8.2% between 2019 and 2023, to be valued at $14 billion by the end of 2023. IDC classifies the IT Services market into three primary markets – project oriented, managed services, and support and training.

See below for contact information.] Many innovative technologies have taken the world by storm, and one of the most exciting ones is artificial intelligence (AI). The adoption of AI is no longer a futuristic concept, and this technology is powering many tech solutions that we use on a regular basis. Without even realizing it, we've become dependent on these solutions that were created to make our lives easier. The growth of AI will continue to accelerate in the future.