A new report out this week from analysts with Tractica shows that the artificial intelligence software market will shoot up from $9.5 billion in 2018 up to $118.6 billion annually by 2025. Analysts say that as AI shifts from hype to realistic use cases, a wide range of industries will begin putting major investments in these technologies.
“While the market is still a few years away from an inflection point for real growth, it is critical for both end users and solutions providers to identify the technologies and use cases where they want to invest in AI,” says Aditya Kaul, research director for Tractica.
Tractica says that the top 10 industries for AI spending over the next six years will be:
- Business Services
- Public Sector
For more information, check out Tractica’s executive summary for the report.