Worldwide Artificial Intelligence Applications Market Shares, 2021: Embedded AI Becomes More Pervasive

Worldwide Artificial Intelligence Applications Market Shares, 2021: Embedded AI Becomes More Pervasive

This IDC study presents a view of worldwide artificial intelligence (AI) applications market revenue broken down by vendors, AI type (AI centric and AI noncentric), and technology group detail (AI customer relationship management [CRM] applications, AI enterprise resource management [ERM] applications, and rest of AI applications) for the historical year 2021."The artificial intelligence applications market experienced steady growth in 2021, with revenue of $166.3 billion and a growth rate of 19.1%," says Ritu Jyoti, group vice president, Worldwide Artificial Intelligence and Automation Research Practice at IDC. "To thrive in the business climate of the future, businesses need more advanced capabilities beyond what legacy enterprise applications offer. With AI applications, organizations can further optimize their operating model and reduce operational cost. AI applications can augment routine tasks in the overall business process model and boost company's foresight and efficiency. AI applications can also transform experiences and help an organization with business growth and sustainability."

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