European AI market to grow by a quarter over next few years against bleak economy - IDC

AI-centric software will be the key growth driver

Andrea Gaini
clock • 2 min read
European AI market to grow by a quarter over next few years against bleak economy - IDC

The artificial intelligence (AI) market in Europe is primed to continue its upward trajectory over the next few years, according to analyst house IDC.  Figures from the firm claim that in the 2022-2026 period the market will see a 25.5 per cent CAGR. The IDC Worldwide Semi-annual Artificial Intelligence Tracker also reports that other areas of the market such as AI services, non-AI-centric software and AI hardware will log more moderate growth - respectively at 27.2 per cent, 16.7 per c...

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