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.

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Categories: Internet / IT
Countries: Europe
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