Annual AI software revenue will total USD 8.1bn worldwide in 2018

According to a new report from Tractica, AI implementations now encompass 258 discrete use cases, and the worldwide market for AI software stands at USD 8.1 billion as of the end of 2018, a figure the market intelligence firm forecasts to rise to USD 105.8 billion annually by 2025, the company said.

Tractica´s report, “Artificial Intelligence Use Cases”, provides a comprehensive examination of more than 250 AI use cases across the consumer, enterprise, and government markets.

The report defines, contextualizes, and offers real-world examples and revenue forecasts for each use case, organized by industry sector. It serves as a referential compendium to Tractica´s ongoing market forecasting of the AI space, offering an overview and analysis for each use case included in the model. As applications are analyzed in depth, the report also identifies common themes across the broader AI market.

Tractica, an Informa business, is a market intelligence firm that focuses on emerging technologies. Tractica´s global market research and consulting services combine qualitative and quantitative research methodologies to provide a comprehensive view of the emerging market opportunities surrounding Artificial Intelligence, Robotics, User Interface Technologies, Advanced Computing, Connected & Autonomous Vehicles, and Wearables & Digital Health. For more information, visit www.tractica.com.