Artificial intelligence software market forecast

Artificial Intelligence Software forecastArtificial intelligence (AI) software revenue will increase from $3.2 billion in 2016 to $89.8 billion by 2025, according to Tractica.

“Artificial intelligence is already key to how consumer internet companies operate today, allowing them to roll out hyper-personalized services by following an ‘AI first’ strategy,” says Tractica research director Aditya Kaul.

The consumer sector’s share of total AI revenue will be shrinking from 26 percent in 2016 to 8 percent by 2025, even as its revenue in terms of absolute dollars increases more than sevenfold during the same period.

Tractica’s analysis indicates that this trend will be driven by surging enterprise adoption of AI systems, which will outpace the growth of the consumer market.

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