Worldwide Generative AI Software Services Forecast, 2024–2028: Unlocking Exponential Growth Trajectories Through Transformative Innovations
This IDC study presents a forecast for the worldwide generative AI software services market for 2024–2028."Generative AI is not only evolving; it is transforming entire industries. With a projected increase from $2.8 billion in 2023 to $39.6 billion by 2028, this technology is transforming everything from customer engagement to product design. As organizations rush to acquire the necessary skills and address accuracy concerns, those who successfully navigate these challenges will unlock unprecedented growth and innovation," says Raghunandhan Kuppuswamy, research manager at IDC's AI and Automation research.
Please Note: Extended description available upon request.
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
AI Everywhere — Generative AI Takes the Spotlight
The Drive to Automate — Maximizing Efficiency and New Opportunities
Inhibitors
Geopolitical Turbulence — Sovereignty Under Emerging Fragmentation
Dynamic Work and Skills Requirements — New Work Mode Era
Significant Market Developments
Changes from Prior Forecast
Market Definition
Generative AI Software Services
Methodology
Historical and Forecast Market Values and Exchange Rates
Related Research
Research Assistance
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