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TV Tech
George Winslow

FORGOTTEN HISTORY: Idc ai software market to top 300b in 2027 | History Defined

AI.

NEEDHAM, Mass.—A recent forecast from International Data Corporation (IDC) highlights the growing tech importance of artificial intelligence by predicting that the worldwide AI software market will grow from $64 billion in 2022 to nearly $251 billion in 2027. That represents a compound annual growth rate (CAGR) of 31.4%. 

The new forecast is a notably upward revision from the IDC forecast of $279 billion in global 2027 revenue on October 31, 2023. 

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