IBM has retained its top rank in global market share in Artificial Intelligence products and services in 2018, according to an IDC report. It has secured a 9.2% global market share in AI.
Dell Technologies is second with a 6.7% market share, ODM Suppliers. Who sells AI solutions directly to firms is at 5%. Other major firms having a chunk of AI market include HPE at 4.7%, Accenture at 3.7%, Inspur at 3.2%, Oracle and Deloitte both at 2.5%. Other firms with a significant presence in AI include Microsoft, Amazon Web Services (AWS), Google, Palantir, Wipro, EdgeVerve, Nuance, SAP, OpenText, CognitiveScale, IPsoft, and Expert System.
IBM has said that its revenue grew 19% YoY (Year over Year) to $2.58 billion as it witnessed growth in software, hardware as well as services units.
In July this year, IBM stock went up further after it bought Red Hat to provide a next-generation hybrid multi-cloud platform.
IBM recently launched IBM Cloud Pak for Data, a multi-cloud data platform that ran on Red Hat OpenShift and unveiled Watson OpenScale to address bias detection in AI.
Watson Anywhere allows firms to run their Watson based solutions across hybrid multi-cloud environments.
IBM has supplied Watson based solutions for thousands of processes across 20 industrial sectors in 80 nations. It secured 1600 AI-based patents in 2018 alone.
Beth Smith, General Manager of IBM Watson AI, said,
“IBM’s recognition in IDC’s report demonstrates….our leading position at the forefront of Artificial Intelligence.”
Ritu Jyoti, IDC program VP for AI, said,
“In 2018, IDC saw that organizations have been slowly moving from proof of concepts to full-blown production with the use of AI applications…”
