Taiwan’s Software Market to Grow to US$4.13 Billion by 2027, Led by AI: IDC

Applications of AI


TAIPEI, May 27 (CNA) According to US-based market intelligence, the domestic software market is expected to grow from US$2.57 billion in 2022 to US$4.13 billion by 2027, with artificial intelligence Sectors play a big role in driving growth. Advisory firm International Data Corp. (IDC).

IDC said in a research report that Taiwan’s software market is expected to grow at a compound annual growth rate (CAGR) of 9.9% between 2022 and 2027, while the AI ​​sector will reach a CAGR of 25.9%. , said it was expected to be the highest of all markets. segment of the local software market.

IDC said the forecast shows strong demand for AI applications in Taiwan.

Shirley Tsai, senior research manager at IDC Taiwan, said in a report that many tech giants and start-ups have stepped up efforts to develop the AI ​​space in recent years.

In addition to the improvement of AI technology, products and services have begun to appear in stores, and the presence of the AI ​​chatbot “ChatGPT” developed by OpenAI and released in November 2022, Mr. Tsai The public also said that what they needed was now unavailable. He added that their ideas about what AI applications could potentially achieve in the future are limited and they expect the AI ​​business to grow at a rapid pace.

Citing the rapid growth of AI applications, U.S.-based graphics processing unit designer NVIDIA on Wednesday expected revenue to reach US$11 billion in the current quarter, up 64% year-on-year, citing an early Exceeded market expectations of US$7.2 billion.

NVIDIA founder and CEO Jen-Sung Huang said on Saturday that AI is expected to create “golden opportunities” for Taiwan’s industry during his commencement address at the National Taiwan University in Taipei. I was.

According to IDC, Taiwan’s Software as a Service (SaaS) sector, which includes cloud-based software and license delivery models, will grow from approximately US$1.12 billion in 2022 to US$2.45 billion in 2027, at a CAGR of is expected to be 16.8%.

Furthermore, Taiwan’s cybersecurity as a service (CSaaS) sector, a form of managed cybersecurity delivered through cloud technology, is expected to grow from US$210 million in 2022 to US$470 million in 2027. expected, says the IDC report. showed that.

Yvette Lin, Senior Market Analyst at IDC Taiwan, said in a report that enterprises will continue to invest in cybersecurity to deal with the growing threat from cyberattacks and rapid market changes. said that



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