European AI Life-Cycle Software Market Shares, 2021: Cloud Players Take an Increasingly Large Share of the Market

PUBLISHED: June 20, 2022

PAGES: 14 Pages

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Description

This IDC Market Share discusses European AI life-cycle software revenues, broken down by vendor for 2021."The European AI life-cycle software market expanded at breakneck pace as business conditions improved with the easing of COVID-19 measures. The category grew 49.5% to $1.1 billion in 2021," said Jack Vernon, senior research analyst, European Artificial Intelligence Strategies at IDC. "Vendors have developed new innovative specialisms within the category, unlocking new pockets of opportunity and capability areas across which to compete."

Product Code: EUR149221422

IDC Market Share Figure

Executive Summary

Advice for Technology Suppliers

Vendors Need to help Data Scientists Get Models into Production and Demonstrate Value
Focus on the C-Suite
Understand the Challenges and Opportunities Related to the Changing Regulatory Landscape in Europe

Market Share

Who Shaped the Year

Market Context

AI Adoption Continues to Grow, But AI Life-Cycle Software Isn't the Only Game in Town
Digital Transformation Efforts Lay the Data Architecture Groundwork for More AI Consumption
The Proposed EU AI Act Encourages Organizations to Focus on Explainability, Transparency, and Model Management
The C-Suite and CEOs Dominate AI Project Sponsorship
Significant Market Developments
- AI Life-Cycle Software Vendors Raise $1.5B in 2021
- New Disruptive Specialists Emerge, Bringing a New Range of Technology Capabilities and Strategic Focus to the Category