India's AI market to reach $7.8 billion by 2025: International Data Corporation
The Hindu
India's Artificial Intelligence (AI) market is expected to reach $7.8 billion by 2025, growing at a CAGR of 20.2%, as per an International Data Corporation (IDC) report.AI software segment would d
India's Artificial Intelligence (AI) market is expected to reach $7.8 billion by 2025, growing at a CAGR of 20.2%, as per an International Data Corporation (IDC) report.
AI software segment would dominate the market and grow from $2.8 billion in 2020 at a CAGR of 18.1% by the end of 2025. Under the software (AI) category, applications brought in the largest share of revenue, a 52% growth over 2020.
Organisations were leveraging multiple AI applications such as CRM, ERM and others to manage operations, scale supply chains in response to real-time or predicted demands and also improve ROI and achieve cost savings, found the study.