Institutions: With the rapid development of generative AI, AI software revenue will exceed $200 billion in 2026.

on November 13, according to Omdia's latest "AI Software Market Forecast" report, global AI software revenue will exceed $200 billion in 2026, doubling the 2024 level. Omdia's latest forecast indicates that demand for both Generative AI and Agentic AI is accelerating, prompting Omdia to make the largest upward revision to its semiannual market outlook since the pandemic.