g-f(2)2690 AI Platforms Software Market Set to Soar with 40.6% CAGR Through 2028: IDC Report

 

genioux Fact post by Fernando Machuca and ChatGPT

Introduction by Fernando and ChatGPT

In the fast-paced world of digital transformation, staying ahead of technological advancements is critical for thriving in the g-f New World. The IDC report, highlighted in genioux Fact post "g-f(2)2690 AI Platforms Software Market Set to Soar with 40.6% CAGR Through 2028: IDC Report," reveals a significant surge in the AI platforms software market, projecting a growth rate that underscores AI's transformative potential.

The report forecasts that the global AI platforms software market will expand from $27.9 billion in 2023 to an astounding $153.0 billion by 2028, achieving a compound annual growth rate (CAGR) of 40.6%. This remarkable growth trajectory is driven by rapid innovations in generative AI, which are reshaping how businesses develop, deploy, and leverage AI applications. Leading companies such as Microsoft, Palantir, OpenAI, Google, and Amazon Web Services are at the forefront of this transformation, providing robust AI solutions that enhance user experiences, optimize operations, and drive economic growth.

Understanding the insights from "g-f(2)2690" is crucial for winning the g-f Transformation Game (g-f TG). By integrating these advancements into strategic initiatives, stakeholders can harness the power of AI to stay competitive, innovative, and resilient in the digital age. This post equips you with the Golden Knowledge (g-f GK) needed to navigate the complexities of AI platforms, ensuring your success in the g-f New World. Dive into the IDC report to uncover the key trends and strategies that will shape the future of AI and drive your transformation journey forward.

Introduction

The latest forecast from the International Data Corporation (IDC) highlights the significant growth expected in the artificial intelligence (AI) platforms software market. As industries increasingly adopt AI technologies, worldwide revenue for AI platforms software is projected to reach $153.0 billion by 2028, with a compound annual growth rate (CAGR) of 40.6% over the 2023-2028 forecast period. This remarkable expansion underscores AI's transformative impact on business models and competitive positioning.

genioux GK Nugget

"The AI platforms software market is projected to achieve a remarkable CAGR of 40.6% from 2023 to 2028, driven by rapid advancements in generative AI and increasing adoption across various industries." — Fernando Machuca and ChatGPT, July 31, 2024

genioux Foundational Fact

According to IDC, the AI platforms software market is poised for explosive growth, with revenue expected to grow from $27.9 billion in 2023 to $153.0 billion by 2028. This surge is fueled by rapid innovations in generative AI, which are reshaping product development, AI application deployment, and business models. Leading companies like Microsoft, Palantir, OpenAI, Google, and Amazon Web Services are at the forefront of this transformation, leveraging AI to enhance user experiences, optimize operations, and drive economic growth.

Conclusion

The IDC report highlights the extraordinary growth trajectory of the AI platforms software market, emphasizing its critical role in the future of technology and business. With a projected CAGR of 40.6% over the next five years, the market's expansion is driven by advancements in generative AI and the increasing integration of AI into business strategies. As cloud-based AI deployments outpace on-premises solutions, organizations must embrace AI platforms to stay competitive and innovative. This forecast underscores the essential role of AI in shaping the technological landscape and driving business transformation.

REFERENCES

The g-f GK Context

Demand for AI Platforms Software is Forecast to Drive Remarkable Growth over the Next Five Years, According to IDC, IDC, July 29, 2024.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. 

Classical Summary of the Report

IDC Report: Demand for AI Platforms Software to Drive Remarkable Growth Over the Next Five Years

The International Data Corporation (IDC) has released a new forecast indicating that the market for artificial intelligence (AI) platforms software is expected to grow significantly over the next five years. According to IDC's Worldwide Artificial Intelligence Platforms Software Forecast, 2024–2028, worldwide revenue for AI platforms software will reach $153.0 billion by 2028, with a compound annual growth rate (CAGR) of 40.6% from 2023 to 2028.

Key Highlights:

1. Rapid Market Growth: In 2023, the AI platforms software market grew by 44.4% year over year, reaching $27.9 billion. This rapid growth is set to continue, driven by the increasing adoption of AI across various industries.
2. Generative AI Innovations: The market's expansion is fueled by advancements in generative AI, which are transforming how companies develop and deploy AI applications and leverage technology for competitive advantage.
3. Leading Companies: Microsoft, Palantir, OpenAI, Google, and Amazon Web Services were the top AI platform software providers in 2023, with Microsoft's extensive ecosystem contributing to its market leadership.
4. Industry Adoption: Half of the organizations currently deploying generative AI have selected an AI platform, with significant investments expected in the next six months. AI is enhancing user experiences, optimizing advertising, personalizing content, and improving data analytics.
5. AI Platforms Components: AI platforms facilitate the development and deployment of AI models and applications, encompassing technologies such as machine learning, deep learning, natural language processing, and generative AI.
6. Cloud-Based Deployment: Cloud-based AI platform deployments are projected to grow faster than on-premises solutions, with a five-year CAGR of 50.9%. This trend is driven by the scalability, security, and compliance offered by cloud vendors.
7. Economic Impact: AI's potential to drive online activity and commerce can lead to positive economic impacts, although organizations must also address significant risks associated with AI deployment.

The IDC report provides a comprehensive analysis of the AI platforms software market, highlighting the factors driving its growth and the leading players shaping its future. As AI continues to revolutionize business models and competitive positioning, the demand for AI platforms software is set to accelerate, offering new opportunities for innovation and economic advancement.

Complementary g-f GK 

Lucas Mearian, IDC: Rapid innovations in AI to drive $156B in sales by ’28, ComputerWorld, July 30, 2024.

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Categorization

This genioux Fact post is classified as Nugget Knowledge which means: Ultra-concentrated wisdom, easily remembered and applicable to your daily life.

Type: Nugget Knowledge, Free Speech

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REFERENCES

“genioux facts”: The online program on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)2690, Fernando Machuca and ChatGPT, July 31, 2024, Genioux.com Corporation.

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