Worldwide AI Life-Cycle Software Market Shares, 2021: Machine Learning Accelerates

Worldwide AI Life-Cycle Software Market Shares, 2021: Machine Learning Accelerates

This IDC study presents a view of worldwide artificial intelligence life-cycle software revenue broken down by vendor for the historical year 2021."The artificial intelligence life-cycle software market achieved significant growth in 2021 in spite of economic headwinds, growing 47% to $4.7 billion," says Dave Schubmehl, research VP, AI and Automations Software research at IDC. "The AI life-cycle software platforms market in 2021 saw continued growth in all segments of the market, providing enterprises with capabilities for model building, training, and inferencing. The combination of new and easy-to-use tools and capabilities for creating, building, deploying, and monitoring ML models has seen widespread adoption and increasing maturity. Facilities for ML operations, workflow collaboration, and a better understanding of deployment practices and available choices are enabling end users to move models from experimentation to production more quickly than ever before as well as opening up machine learning to organizations that have never previously developed their own models."

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