European AI market will grow by 25 per cent in the next five years despite economic challenges - IDC

The analyst firm reports that AI-centric software will be the main driver for growth with a compound annual growth rate (CAGR) of 32.4 per cent

Andrea Gaini
clock • 2 min read
European AI market will grow by 25 per cent in the next five years despite economic challenges - IDC

The European AI market is set to carry on the upward trajectory in the upcoming years, says International Data Corporation (IDC), claiming that in the 2022-2026 period the market will see a 25.5 pe...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
Webinar: How to deliver real value to your customers using AI with Arrow ECS

Vendor

Discover strategies for implementing AI to drive demonstrable business value in CRN’s upcoming online event

clock 19 February 2024 • 1 min read
Bell Integration expands partnership with Amelia, buys out software unit

Reseller

The deal enables the Portsmouth shop to extend service offering and accelerate AI growth

clock 05 February 2024 • 2 min read
Intel: AI chip sales to 'meaningfully' rev up as PC revenue booms

Vendor

As the semiconductor giant’s AI chip sales pipeline grows to more than $2 billion, Intel experiences double-digit growth in its PC business and struggles with competition in the data center market in the fourth quarter while it starts executing on its ‘AI everywhere’ strategy.

clock 26 January 2024 • 5 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Research

CFOs taking key role in enterprises' genAI strategies: Gartner

CFOs taking key role in enterprises' genAI strategies: Gartner

A study found a third of CFOs are getting involved in the development of genAI strategies

Andrea Gaini
clock 26 February 2024 • 3 min read
Mid-market cybersecurity jeopardised by talent turnover, research finds

Mid-market cybersecurity jeopardised by talent turnover, research finds

Skill drain leaves mid-market firms vulnerable, Advania UK CEO tells CRN

Andrea Gaini
clock 24 January 2024 • 3 min read
IT services to take the spotlight in 2024 - Gartner

IT services to take the spotlight in 2024 - Gartner

For the first time IT services is expected to become the largest segment of global IT spending

Kelsey Rees
clock 17 January 2024 • 2 min read