0
IT

WEurope spend on cognitive/AI systems to grow 40% in 2017

Monday 10 April 2017 | 15:53 CET | News
Western European revenues for cognitive and artificial intelligence (AI) systems are forecast to grow 40 percent year-on-year to USD 1.5 billion in 2017, according to a research by IDC. Western European spending on cognitive and AI products will continue to see significant corporate investment over the next several years, achieving a CAGR of 42.5 percent through 2020, when revenues will be more than USD 4.3 billion. Banking, retail, and discrete manufacturing are the three largest Western European industries to invest in cognitive and AI systems.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet / IT
Countries: Europe
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

EU countries agree to work together on AI

Published 10 Apr 2018 13:57 CET | Europe
A group of 25 European countries have signed an agreement to work together on artificial intelligence to develop a single ...

IT spend in Western Europe to grow 3% to USD 454 bln in 2017

Published 16 Oct 2017 18:00 CET | Western Europe
IT spend in Western Europe will total USD 453.8 billion in 2017, a 2.7 percent increase compared with 2016, according to a new ...

Cloud IT infrastructure spend up 9.2% to USD 33 bln in 2016

Published 11 Apr 2017 08:25 CET | World
Vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT, including public and ...

Global spend on cognitive/AI tech up to USD 12.5 bln this yr

Published 03 Apr 2017 11:10 CET | World
Worldwide revenues for cognitive and artificial intelligence (AI) systems are set to reach USD 12.5 billion this year, a 59.3 ...