Recently, International Data Corporation (IDC)IDC) released the latest GlobalAIAccording to the report, global spending on artificial intelligence (AI) is expected to exceed $632 billion by 2028, a very rapid growth rate. Specifically, the compound annual growth rate during this period will reach 29.0%. Ritu Jyoti, vice president of research at IDC, said that the widespread use of AI is driving enterprises to transform in many aspects such as employee experience, customer interaction and business processes.
Although generative artificial intelligence (GenAI) has attracted widespread attention in the past year and a half, in fact, GenAI spending is still lower than other AI applications, such as machine learning, deep learning, and natural language processing. However, the growth rate of investment in GenAI is impressive, and its annual average growth rate is expected to reach 59.2% in the next five years. IDC predicts that by 2028, Gen spending will reach US$202 billion, accounting for 32% of overall AI spending.
Among the different technology categories, software spending will dominate and is expected to account for more than half of the overall AI market for most of the time. Among them, AI applications and artificial intelligence platforms will account for two-thirds of software spending, while the rest will be used for AI application development, deployment and AI system infrastructure software. In terms of hardware, spending on servers, storage and infrastructure as a service (IaaS) will also be relatively considerable.
In terms of industries, the financial services industry will be the biggest beneficiary of AI solution spending, expected to account for more than 20% of overall spending. The next major spending industries include software and services and retail. IDC also pointed out that AI spending growth will be relatively fast in the business and personal services industry and the transportation and leisure industry.
In terms of use cases, AI infrastructure provision will be the main investment area for most companies, although it is expected to grow at a slower rate, with an average annual growth rate of 14.7%. However, other use cases such as enhanced fraud analysis, customer service and assistance services will have a more obvious growth momentum.
Karen Massey, research manager at IDC, said that by 2028, the United States is expected to spend $336 billion, becoming the world's largest market for AI investment. Western Europe, China, and the Asia-Pacific region (excluding Japan and China) will follow closely behind. It can be seen that the investment potential in the field of AI is huge, and the future development prospects are worth looking forward to.