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Global AI software revenue will reach US $62.5 billion in 2022 From Gartner

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According to Gartner’s latest forecast, the global artificial intelligence (AI) software revenue is expected to reach US $62.5 billion in 2022, an increase of 21.3% over 2021.

Alys Woodward, senior research director of Gartner, said: “the AI software market is accelerating, but its long-term development trajectory will depend on the maturity of enterprises to promote their AI.”

The AI software market includes applications embedded in AI, such as computer vision software, and software used to build AI systems. Gartner’s AI software forecasts measure the amount of potential business value, the time and risk of business value based on use cases to predict how use cases will grow.

Gartner predicts that the first five use cases of AI software expenditure in 2022 are knowledge management, virtual assistant, self driving vehicle, digital workplace and crowdsourcing data.

Alys Woodward added that “successful AI business results depend on the careful selection of use cases. Use cases that provide important business value but can be extended to reduce risk are very important to show shareholders the impact of AI investment.”

AI maturity lags behind interest

The demand for AI technology and related market growth is closely related to the AI maturity level of enterprises. Enterprises show great interest in artificial intelligence. In the survey of Gartner CIOs and technology executives in 2022, 48% of CIOs have deployed or plan to deploy AI and machine learning technologies in the next 12 months.

However, the reality of AI deployment is much more limited. Gartner’s research found that enterprises usually experiment with artificial intelligence, but it is difficult to make this technology part of their standard operation. Gartner predicts that by 2025, half of the world’s enterprises will reach the “mature” or “stable” stage described by Gartner’s AI maturity model.

Due to increased expenditure, especially in the category of data and analysis related technologies, the progress of AI maturity will increase the revenue of AI software. The delay in maturity caused by reluctance to accept AI, lack of trust in AI and difficulty in delivering business value from AI will have a corresponding impact on expenditure and revenue. More reading: Gartner: it is estimated that the scale of artificial intelligence software market will reach US $62 billion in 2022 tractica: the global AI software market value will be US $8.1 billion in 2018 tractica: it is estimated that the global AI software revenue will reach US $105.8 billion in 2025 Gartner: the current situation and future of artificial intelligence Gartner: 51% CFOs prepare for a 30% reduction in revenue Gartner: the total revenue of the global software market in 2013 was US $407.3 billion USD increased by 4.8% year on year Gartner: AI enhancement will create business value of USD 2.9 trillion Accenture: the survey shows that enterprises are unwilling to spend money on artificial intelligence training for employees Gartner: the global 5g network infrastructure revenue will reach USD 8.1 billion in 2020 Gartner: the total government Internet of things revenue will be close to USD 15 billion in 2020 Gartner: the global IT expenditure will increase by 1.1% in 2019 Gartner: 47% enterprise Plan to increase investment in the Internet of things Gartner: top ten data and analysis technology trends in 2021 Gartner: enterprises will deploy four AI / ml projects on average in 2019 Gartner: it is expected that the number of enterprise AI projects will double in 2020

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