Tag Archive | software

AI Market Revenue will Reach $190.61 Billion by 2025

AI Market Revenue will Reach $190.61 Billion by 2025

The artificial intelligence (AI) market was valued at $21.5 billion in 2018 and will reach 190.6 billion by 2025 — that’s a CAGR of 36.6 percent. Major drivers are big data, cloud-based applications, and demand for intelligent virtual assistants.

via Markets & Markets

AI for Predictive Maintenance Gains Momentum

AI for Predictive Maintenance Gains Momentum

Predictive Maintenance solutions market has reached $3.3B in 2018 and is forecast to grow at 39% to $23.5B by 2024. It is estimated that in 2024, adopters of Predictive Maintenance will save $188B in costs on top of other benefits such as improved regulatory compliance and enhanced safety.

via IoT Analytics

How AI will Challenge Enterprise Cybersecurity Defenses

ai-cyber-security

“AI-powered attacks will outpace human response teams and outwit current legacy-based defenses; therefore, the mutually-dependent partnership of human and AI will be the bedrock of defense strategies in the future.”

via World Economic Forum

Factory Simulation Software Revenue will Reach $4.1 Billion

Factory Simulation Software Revenue will Reach $4.1 Billion

The market for factory simulation software products will grow at a compound annual growth rate of 11 percent to reach $4.1 billion for over 172,000 users in 2030, according to the latest worldwide market study by ABI Research.

via Digital Lifescapes

Worldwide IT Services Revenue Exceeded $1 Trillion

Worldwide IT Services Revenue Exceeded $1 Trillion

For the entire year, worldwide IT services revenues crossed the $1 trillion mark in 2018. Annual growth accelerated slightly to 4.3 percent. This largely reflects overall healthy corporate IT spending sustained by large enterprises’ cautious yet optimistic business outlook.

via Digital Lifescapes

How Financial Services Disruption Created Opportunities

How Financial Services Disruption Created Opportunities

According to Juniper Research, driven by the increasing acceptance of alternative approaches to traditional banking solutions, fintech platform revenues will reach $638 billion by 2024 — that’s up from an estimated $263 billion in 2019.

via Digital Lifescapes

Automotive HMI Revenue will Reach $4.6 Billion

Automotive HMI Revenue will Reach $4.6 Billion

The global market for AI-enabled automotive HMI software will increase from $462.8 million in 2018 to $4.6 billion by 2025. The vast majority of revenue will be derived from in-vehicle voice and speech recognition applications.

via Tractica