
According to recent reports from IDC, the AI platforms software market is projected to experience significant growth, with a forecasted value of $153 billion by 2028. Additionally, worldwide generative AI smartphone shipments are expected to account for 70% of the market by the same year, reflecting a remarkable growth rate of over 360% in 2024. The overall artificial intelligence market is anticipated to expand nearly fivefold by 2030, reaching an estimated value of $826.73 billion. This rapid expansion is expected to introduce challenges in data management due to increasing data volume, variety, and velocity. Furthermore, IDC forecasts that innovations in AI will contribute to $156 billion in sales by 2028, while global public cloud spending is projected to reach $805 billion in 2024, driven largely by advancements in AI technology.
Global public cloud spending to hit $805B in 2024 with AI driving growth https://t.co/bIRYCY2mej
IDC: Rapid innovations in AI to drive $156B in sales by ’28 https://t.co/48XMLTIZpk
The size of the artificial intelligence market is projected to grow nearly 5 times by 2030, with a value of $826.73 billion. 👇 The rapid growth brings infrastructure issues. Data management is becoming more difficult with the increase in data volume, variety, and velocity. https://t.co/pJwajbiLWX