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All issuesVolume 323, Issue 1IT NewsAI

Futurum Predicts Strong Growth Of The AI Software Market Amidst Rising AI Adoption

Futurecio, Tuesday, February 4th, 2025

A new Futurum Research report reveals that the global AI software and tools market will grow at 28.2% CAGR to $439.9 billion by 2029, with APAC showing the highest growth potential at 29.4% CAGR.

'Organisations are rapidly progressing in their AI maturity, with a third already optimising their AI implementations and another 23% achieving standardisation. This signals a significant shift from experimentation to strategic enterprise-wide deployment,' Nick Patience, VP & AI Practice Lead at Futurum, said.

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