European AI Life-Cycle Software Forecast, 2024–2028
This IDC Market Forecast provides insights into the European AI life-cycle software market in 2023 and the expected revenue trends in this market through 2028. It also delves into the factors expected to shape demand during this period."The future of AI will see a powerful blend of generative AI and traditional AI being applied in many use cases, boosted with enhanced explainability," says Giovanni Cervellati, research manager at IDC. "A focus on AI and data governance — partly due to the upcoming EU AI Act — will be the ultimate requirement for success."
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
European AI Life-Cycle Software Revenue by Subregion
Market Context
Drivers and Inhibitors
Drivers
Accessibility of Generative AI Capabilities in Europe
Machine Learning as an Answer to Market Innovation Pressure
Inhibitors
Data Privacy and Security Concerns
Data Readiness and Infrastructure Limitations
Significant Market Developments
Regulatory Landscape
Market Dynamics
Vendor Strategies
Changes from Prior Forecast
Market Definition
AI Life-Cycle Software
Data Labeling Software
AI Build Software
MLOps Software
Trustworthy AI Software
Methodology
Historical and Forecast Market Values and Exchange Rates
Related Research
Research Assistance
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