target audience: TECH SUPPLIER Publication date: Sep 2023 - Document type: Market Forecast - Doc Document number: # EUR150284023
European AI Life-Cycle Software Forecast, 2023–2027
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Abstract
This IDC Market Forecast provides insights into the European AI life-cycle software revenue trends from 2022 through 2027. It delves into factors that are expected to shape the demand during this period.
"In 2023, the European AI life-cycle market rebounded from a tough 2022, reflecting a marked year-over-year growth," said Jack Vernon, senior research analyst at IDC's European Intelligent Analytics and Data Strategies. "The European AI life-cycle domain experienced a resurgence in interest, propelled by strides in generative AI. These advancements have acted as a counterbalance to prevailing macroeconomic headwinds. While these challenges might persist for the next few years, enthusiasm around generative AI systems will likely continue, enabling the AI life-cycle software market to flourish throughout this study's forecast timeline."