Canadian Artificial Intelligence Software Forecast, 2021-2025

Description

This IDC study presents a view of Canadian AI software market revenue from the historical year 2020 through the 2021-2025 forecast period."The Canadian AI software market is forecast to reach C$15.3 billion by the end of the 2021-2025 forecast period at a CAGR of 12.7%. Market growth is being inhibited by the lagging data maturity of Canadian organizations, which will rapidly become a national economic competitiveness issue if not addressed," says Warren Shiau, research vice president, IDC Canada's AI and Analytics program.

Product Code: CA47059821

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

AI Software Market Breakdown
- AI AD&D Software
  - AI Applications
  - AI Platforms
  - AI Systems Infrastructure Software

Market Context

Drivers and Inhibitors
- Drivers
  - Operational Efficiency Continue to Drive the Canadian AI Market
- Inhibitors
  - Data Integration, Data Quality, and Quantity
  - Skills Constraints Holding Back Adoption and May Continue to Do So
  - Lack of a Cohesive Federal Government Strategy for AI Solution Commercialization Limits Adoption
Significant Market Developments
- Worldwide Artificial Intelligence Software Forecast, 2021-2025
Changes from Prior Forecast