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IDC predicts enterprise AI spending will surpass $341B in 2020
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Companies worldwide will spend $341.8 billion on artificial intelligence software, hardware and related services in 2021, International Data Corp. projected in a new report published today.
According to the research firm, the forecast indicates that AI spending is on track to increase by 15.2% compared with 2020. Growth is expected to remain robust in the subsequent years. IDC’s analysts see organizations upping their AI budgets by another 18.8% next year and, by 2024, a total of more than $500 billion will be spent annually on machine learning software and related solutions.
That’s good news for Nvidia Corp. and other makers of chips for running AI software. Nvidia, whose graphics processing units are the go-to choice for machine learning projects, has already seen its market capitalization increase more than fourfold since 2019 thanks to enterprises’ growing adoption of AI. In t
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NEW YORK, Aug. 2, 2021 /PRNewswire/
Technavio forecasts the software testing services market to grow by USD 34.49 billion at over 12% CAGR during 2021-2025.
Technavio has announced its latest market research report titled-Software Testing Services Market by Product, Geography, and End-user - Forecast and Analysis 2021-2025
Here is an Exclusive report talking about Market scenarios, Estimates, the impact of lockdown, and Customer Behaviour.
The software testing services market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of mobile testing.
Infosys becomes fourth Indian firm to scale Rs 7-lakh crore market cap mark businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.