Market Forecast
Tractica forecasts that annual revenue for enterprise applications of AI will increase from $2.3 billion worldwide in 2016 to $80.7 billion by 2025. This report segments the forecast into five world regions, 25 different industry verticals, and more than 100 enterprise use cases.
Some of these use cases include static image tagging, credit scoring, vehicle object detection and avoidance, human emotion analysis, clustering and phenotype discovery, and scores of other examples. It also gives forecasts for the hardware and services revenue driven by the sale of AI software.
The hardware forecasts are further segmented into separate forecasts of the demand for central processing units (CPUs), graphics processing units (GPUs), networking products, and data storage. AI software will also generate significant demand for professional services, which are also included in the forecasts. With detailed explanations of the market drivers, obstacles, and technologies, this report gives a comprehensive and detailed overview of the entire market opportunity and challenges for AI products and services.
In this report update, the forecasts have been further segmented into various meta technology categories to better address and quantify the underlying functional aspect of the technology being used within a particular AI system, including analytics, language, language and analytics, vision, vision and analytics, and vision and language. This analysis is designed to help both end users and vendors ascertain in which use cases specific technological functions are likely to be deployed.
AI is still on the cusp of becoming mainstream, but Tractica projects that the inflection point is just a few short years away. Some vendors and service providers are already speaking about providing solutions that incorporate AI functionality as a core element that is “baked in” to the solution itself; Tractica expects that the pace of innovation likely will allow this marketing hype to become reality within the next few years.
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