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September 01, 2020 1:32pm
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Software Spend Could Grow at a 42% Compound Annual Rate, Research Shows

Research from ARK Invest estimates that as companies generate productivity gains from artificial intelligence, software spending per year could grow at a 42% compound annual rate from just under $1 trillion today to $14 trillion in 2030. According to the firm’s estimates for 2030, propelled by AI...
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