Tag: International Data Corporation (IDC)
IDC forecasts companies to increase spend on AI solutions by 19.6% in 2022
February 15, 2022SSN Staff
NEEDHAM, Mass.—Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services, is forecast to grow 19.6 percent year over year in 2022 to $432.8 billion, according to the latest release of the International Data Corporation (IDC) Worldwide Semiannual Artificial Intelligence Tracker.
The market is expected to break the $500 billion mark in 2023.
"AI has emerged as the next major wave of innovation. AI solutions are currently focused on business...
IDC Spending Guide predicts double-digit growth for investments in edge computing
January 18, 2022SSN Staff
NEEDHAM, Mass.—Worldwide spending on edge computing is expected to be $176 billion in 2022, an increase of 14.8 percent over 2021, according to the International Data Corporation (IDC) Worldwide Edge Spending Guide.
In addition, the Spending Guide forecasts that enterprise and service provider spending on hardware, software, and services for edge solutions is expected to sustain this pace of growth through 2025, when spending will reach nearly $274 billion.
The IDC Worldwide Edge Spending...