Newshot Omdia: Global AI software revenue expected to exceed $200 billion this year, doubling from 2024
IT Home, November 12: On the 9th local time, the latest "AI Software Market Forecast" report released by market research firm Omdia shows that global AI software market revenue is expected to exceed $200 billion in 2026 (IT Home note: approximately 1.34 trillion yuan at current exchange rates), doubling from 2024.
Neil Dunay, Chief Market Forecaster at Omdia, pointed out that as generative AI assistants gradually gain agentic capabilities and automated workflows increasingly replace the manual entry of prompts, the distinction between generative AI and agentic AI may no longer matter as much.
As enterprises expand the use of AI assistants and coding tools and add AI features to various business software, generative AI market revenue is expected to grow 139% year over year in 2026, far exceeding previous expectations. Although agentic AI is still less widely adopted and has a smaller revenue base, it is growing faster.
Omdia expects that the high-speed growth in 2026 will not last indefinitely. As the market matures, growth rates will gradually decline in the coming years, and technology adoption will return to more typical levels, though market revenue at that point will still be far higher than before.
In the long term, the AI software market still has strong room for growth, with a compound annual growth rate (CAGR) of 30% expected from 2025 to 2031. Among this, agentic AI is expected to have a CAGR of 104%, making it the fastest-growing segment.
Omdia also predicts that the structure of the AI software market will change in the coming years. By 2028, generative AI revenue is expected to surpass predictive AI and become the largest source of revenue in the market. At the same time, AI assistants will gain stronger autonomous execution capabilities, able to complete more and more multi-step tasks on behalf of users, and the boundary between generative AI and agentic AI will gradually blur.
Neil Dunay, Chief Market Forecaster at Omdia, said: "As generative AI assistants gradually gain agentic capabilities and automated workflows increasingly replace the manual entry of prompts, the distinction between generative AI and agentic AI may no longer matter as much. In the future, the market may segment based on different levels of AI autonomy."
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