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Forrester predicts that AI enterprise software market will dominate in the US

Software

CIO Bulletin
2022-10-17

Forrester, a leading global market research company, has made a prediction of AI contributing highly to software industry.

According to the research company’s prediction, the spending for platform AI software would increase from $33 billion in 2021 to $64bn in 2025.

Forrester said that, in 2020, UK firms that were embracing or creating AI-based technologies received more than thrice the funding of French and German companies.

AI-infused software uses AI to multiply its market attractiveness, but can also work without users activating its AI capabilities. Forrester believes such AI-infused software will see fast growth as AI influence becomes ubiquitous.

Forrester analyst Michael O’Grady said: “AI has great potential across knowledge and data intelligence, security and cyber security, process optimisation and automation, AI tools and database, health and drug discovery, customer and human capital management, and other categories.”

“With AI’s success, new challenges emerge. As AI becomes mainstream, enterprises will need to manage its complexity across the tech infrastructure, AI practices and processes, business models, and across talent management, which includes the democratization of tools for the citizen data scientist.”