European AI Life-Cycle Software Forecast, 2023-2027

Description

This IDC Market Forecast provides insights into the European AI life-cycle software revenue trends from 2022 through 2027. It delves into factors that are expected to shape the demand during this period."In 2023, the European AI life-cycle market rebounded from a tough 2022, reflecting a marked year-over-year growth," said Jack Vernon, senior research analyst at IDC's European Intelligent Analytics and Data Strategies. "The European AI life-cycle domain experienced a resurgence in interest, propelled by strides in generative AI. These advancements have acted as a counterbalance to prevailing macroeconomic headwinds. While these challenges might persist for the next few years, enthusiasm around generative AI systems will likely continue, enabling the AI life-cycle software market to flourish throughout this study's forecast timeline."

Product Code: EUR150284023

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Use Case Templates Are Beneficial
Embrace Generative AI
Develop a PPT Strategy
Navigate the Shifting Regulatory Landscape in Europe

Market Forecast

European AI Life-Cycle Software Revenue by Subregion

Market Context

Drivers and Inhibitors
- Drivers
  - Renewed Interest in AI due to Generative AI
  - Business Awareness of Data Science Gaps and the Need for Enhanced AI Oversight
- Inhibitors
  - Macroeconomic Instabilities
  - AI Talent Shortage
Significant Market Developments
Changes from Prior Forecast