A report by International Data Corporation has revealed that the Indian Artificial Intelligence market will reach up to $7.8B in value by 2025. Covering hardware, software, and service, it is expected to grow at a 20.2% CAGR. The AI software segment stood at $2.8B in 2020, but with business adopting AI-first policy, is expected to grow at a CAGR of 18.1% by 2025. Indian organisations cited the cloud as the favored location for AI deployment.