ARMONK, N.Y., Oct. 9, 2019 /PRNewswire/ -- For a third year in
a row, IBM (NYSE: IBM) has been ranked the market share leader in
the IDC Market Share: Worldwide Artificial Intelligence Market
Shares, 2018: Steady Growth — POCs Poised to Enter Full-Blown
Production (Doc # US45334719, July
2019) report, which ranked companies by global AI revenue in
2018.
According to IDC, the worldwide AI market grew 35.6% to
$28.1 billion last year as a result
of announcements, initiatives and acquisitions. IBM took the lead
with 9.2% share of the overall market, as revenue rose to
$2.58 billion, 19% higher than the
previous year, driven by growth across software, hardware and
services.
"IBM's recognition in IDC's report demonstrates the strength of
our business and our leading position at the forefront of
artificial intelligence," said Beth
Smith, General Manager, IBM Watson AI. "As the AI market
moves from experimentation to production, we're helping businesses
integrate AI with their applications to make more accurate
predictions, automate decisions and processes, and free up
employees' time so they can focus on higher value work."
As reported by IDC, IBM has made critical commitments to
information architecture with the launch of IBM Cloud Pak™ for
Data, a multicloud data platform that runs on Red Hat OpenShift;
announced Watson OpenScale to address bias detection and maintain
trust and transparency in AI; and brought to market a line of
Watson solutions and services
pre-trained to benefit industries and professions, including
agriculture, HR, supply chain, automotive and manufacturing. With
Watson Anywhere, Watson products
can run anywhere across hybrid multicloud environments, eliminating
vendor lock-in and allowing companies to keep their data where it
resides.
"In 2018, IDC saw that organizations have been slowly moving
from proof of concepts (POC) to full-blown production with the use
of AI applications within the spectrum of business processes across
the enterprise," said Ritu Jyoti,
Program Vice President, Artificial Intelligence, at IDC. "The AI
market is seeing significant growth in all the technology
categories from software to hardware to services. IDC expects to
see this trend continue, even though there are quite a few
practical challenges for widescale adoption."
About IBM & Artificial Intelligence
A world
leader in AI for business, Watson
solutions have been deployed in thousands of engagements with
clients across 20 industries and 80 countries. Additionally, IBM
Research is a world leader in the science of AI. In 2018, IBM
secured over 1600 AI-related patents.
Media Contact:
Linda
Chung, IBM Media Relations
1-917-226-8550
Linda.Chung1@IBM.com
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SOURCE IBM