European spending on AI systems is expected to grow from $25.4 billion in 2022, (up 27.8% from 2021), to over $72.9 billion in 2026 According to IDC

The compound annual growth rate (CAGR) for the period 2021-2026 will be 29.6%. Germany, Spain and the UK – the most dynamic markets in Europe – will be the engines of growth in 2021-2022.

The AI ​​market is more resilient to current macroeconomic events than other technologies. AI technologies and software help businesses increase efficiency through automation and contribute to a safer operating environment.

AI is a strategic investment for European companies focused on productivity and automation solutions and looking for new ways to deliver business value “said Carla La Croce, Research Director, IDC Italy.”In addition, the European Union plays a key role in stimulating research and industrial capacity around AI, with the Commission and Member States working together on policy and investments that will take advantage of the recovery mechanism and of resilience.

Software technologies are driving AI spending in Europe, with AI applications accounting for the highest share through 2023, which are more focused on longer-term innovation and product/service creation use cases . AI platforms will gain share from 2023; it is the fastest growing category and includes AI lifecycle software, AI software services, and intelligent knowledge discovery software.

Banks, manufacturing and retail will spend the most on AI solutions over the five-year forecast period, accounting for nearly half of total spend. Professional services, health care and insurance will see the fastest growth over the long term.

The banking sector will invest in fraud analysis and investigation, as well as in threat prevention and intelligence systems, given the increase in cybersecurity risks. The manufacturing industry will focus on maintenance by investing in automated systems for preventive maintenance, investigation and recommendation for quality management. The retail segment will focus on the customer and automation, investing in improved customer service agents, as well as recommending and improving sales processes, smart business innovation and business intelligence. automating.

Source: IDC

And you?

What do you think ?

See as well :

The French tax authorities used a Google AI to find more than 20,000 undeclared swimming pools and recover 10 Ms, the tax authorities are now interested in undeclared extensions and verandas

Eric Schmidt thinks the AI ​​is as powerful as nukes, and suggests some kind of deterrent trait similar to the one applied to the use of nukes

By replacing human lawyers with AI, the Chinese judicial system would have saved $45 billion in fees between 2019 and 2021, or half of the total lawyers’ fees in China in 2021

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *