AI Software Market Hits $79B, Set to Triple by 2030

A freshly published global market report pegs the AI software platform market at $79.38 billion for 2025, with projections pointing toward $106.92 billion next year and a staggering $296.57 billion by 2030. The data, released by Research and Markets, highlights a sector expanding at compound annual growth rates well above 29%.

What's Fueling Rapid Expansion

Several converging forces are pushing the sector forward. According to the report, the near-term growth rate from 2025 to 2026 sits at 34.7%, driven by surging adoption of machine learning tools, natural language processing, computer vision, and cloud computing infrastructure.

Cloud-based services play a particularly central role. On-demand computing resources have lowered the barrier for deploying and scaling AI solutions across industries. The report cites Eurostat data showing that 45.2% of EU enterprises were using cloud computing services by the end of 2023, primarily for email hosting and file storage. That baseline of cloud comfort is accelerating enterprise readiness for more sophisticated AI workloads.

Looking further out to 2030, the projected CAGR settles at 29.1%. Healthcare, banking and financial services (BFSI), automation, predictive analytics, and integration with immersive technologies are all identified as key demand drivers for the second half of the decade.

Generative AI Platforms and Strategic Acquisitions

The report flags generative AI platforms as a major area of innovation among leading vendors. These tools learn patterns from existing datasets and produce entirely new content, opening doors for enterprises with limited proprietary data.

SparkCognition's launch of a generative AI platform tailored for industrial applications in March 2023 is cited as one example. The platform aimed to help organizations extract insights without needing massive training datasets, cutting costs in the process. On the acquisition side, Siemens purchased BuntPlanet SL in December 2023 to strengthen its AI capabilities in water infrastructure, specifically around leak detection and quality monitoring.

The competitive landscape features a mix of hyperscalers and specialized players. Google, Microsoft, AWS, Tencent, and IBM led the market in 2025, joined by Oracle, SAP, Salesforce, NVIDIA, Baidu, OpenAI, Palantir, and several others.

Asia-Pacific Set to Be the Fastest-Growing Region

North America held the top regional position in 2025, but the report identifies Asia-Pacific as the fastest-growing region through the forecast period. Countries like China, India, Japan, and Australia are expected to see accelerated enterprise AI adoption as cloud infrastructure matures and local talent pools expand.

The report segments the market across tools and services, covering technologies like computer vision, data analytics, machine learning, and NLP. Application areas span automation, remote sensing, medical diagnosis, speech recognition, and text recognition across sectors including manufacturing, healthcare, transportation, and retail.

For enterprises evaluating their AI strategy, this report reinforces a clear trend: the platform layer is where spending is concentrating fastest, and organizations not already invested in scalable AI infrastructure risk falling behind as the market approaches $300 billion.