Europe represents around one-fifth of the global AI market according to the study
Market drivers include AI, high-performance computing and stable smartphone and PC sales
New IDC figures show global public cloud services revenue jumped 19.1 per cent in the first half of 2023
IDC raises 2023-2024 semiconductor revenue forecasts as inventory corrections wane and AI demand grows
Shipments saw a decline of 14.2 per cent and 20.8 per cent, respectively
Discrete manufacturing and professional services set to lead on adoption
IDC predicts enterprises will invest nearly $16bn globally in 2023
Global volumes decline 7.6 per cent year over year
Despite economic challenges, spending on cloud services is set to grow and continue breaking records in 2023
Software and information services, capital markets and telecommunications will see the fastest spending growth