Omdia forecasts global AI software revenue to exceed $200 billion in 2026, doubling 2024 figures

Market research firm Omdia's latest report projects that the worldwide revenue for AI software is set to surpass $200 billion in 2026, representing a doubling compared to 2024 figures. According to Omdia Chief Market Forecaster Neil Dunne, the increasing capability of generative AI assistants to function as agents is blurring the lines between generative and agentic AI, suggesting future market segmentation might be based on AI autonomy. While agentic AI currently has a smaller revenue base, it is expected to grow faster than generative AI. Omdia anticipates a 139% year-over-year growth in generative AI revenue for 2026. Looking ahead, the market is projected to maintain a strong Compound Annual Growth Rate (CAGR) of 30% from 2025 to 2031, with agentic AI leading this growth at an estimated 104% CAGR. Furthermore, Omdia forecasts a structural shift by 2028, where generative AI revenue is expected to surpass predictive AI as AI assistants gain greater autonomous execution capabilities.