Forecast Report

Global AI Software Forecast, 2023 To 2030

Generative AI Will Have A 36% CAGR To 2030 To Capture 55% Of The AI Software Market

September 5th, 2023
Michael O'Grady, Principal Forecast Analyst
Michael O'Grady Principal Forecast Analyst
Mike Gualtieri, VP, Principal Analyst
Mike Gualtieri VP, Principal Analyst
With contributors:
Srividya Sridharan , Keith Johnston , Boris Evelson , Rowan Curran , Diego Lo Giudice , J. P. Gownder , Michael Kearney , Christine Turley

Summary

Generative AI (genAI) software’s wide applicability across industries and occupations will drive huge software sales growth. From 2023 to 2030, the off-the-shelf AI software market will have a 22% CAGR, reaching $227 billion. By 2030, genAI will gain a 55% market share and have a 36% CAGR, and 64% of genAI software spend will come from specialized applications like security, healthcare and healthcare tools, and content marketing. Non-specialized genAI software spending will reach $45 billion by 2030, driven by chatbots and communication platforms. This report defines the market size, growth drivers and inhibitors, and impact of the off-the-shelf AI software market and generative AI.

Want to read the full report?

Contact us to become a client

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.