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IDC predicts that global spending on AI systems will reach $154 billion in 2023

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Release: 2023-04-15 08:49:02
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IDC predicts that global spending on AI systems will reach 4 billion in 2023

IDC's "Global Artificial Intelligence Expenditure Guide" makes the latest forecast that global AI spending - including software, hardware and service spending on various AI-centered systems - will be in 2023 It will reach US$154 billion, a year-on-year increase of 26.9% from 2022, and the compound annual growth rate (CAGR) between 2022 and 2026 is expected to be 27.0%. By 2026, total spending on AI-centric systems will exceed $300 billion.

Mike Glennon, senior market research analyst in IDC's Customer Insights and Analysis Team, said, "No matter the size, as long as enterprises cannot quickly adopt AI technology, they will gradually fall behind in the market. AI can enhance human capabilities, automate Perform repetitive tasks, provide personalized recommendations, and make data-driven decisions quickly and accurately. AI technology vendors need to accurately predict and seize business opportunities, and this requires data support. IDC's AI Spending Guide fully covers Marketing strategies for various AI opportunities can provide a basis for promotional efforts and indicate market concerns that are suitable for the company's capabilities."

In the next five years, of the 36 AI use cases identified by IDC, only one is forecast to be The average annual compound growth rate during the cycle is less than 24%.

In terms of spend, the three main AI use cases are focused on sales and customer service functions: enhanced customer service agents, sales process recommendations and enhancements, and project advisors and recommendation systems. These three major use cases have strong investment attraction capabilities for various industries, and together they will account for more than a quarter of all AI spending in 2023. Within this year, other high-spending use cases will support a wider variety of operational tasks, including IT optimization, enhanced threat intelligence and prevention systems, and fraud analysis and investigation.

During the forecast period, the two industries with the largest investment in the field of AI are banking and retail. The next hot direction of AI spending is professional services, followed by discrete manufacturing and process manufacturing. This year, these five directions will account for more than half of AI-centric systems spending. The largest increase in AI spending comes from the media industry, with a five-year compound growth rate of 30.2%. And similar to system use case spending, the forecast predicts that only two industries will see AI spending compound annual growth rates below 25%.

Xueqing Zhang, senior market analyst at IDC China Enterprise Research Department, believes that “AI technology will continue to bring empowerment effects to users and industries. With the support of pre-trained large models, multi-modal and other technologies, AI Capabilities will be applied on a large scale to the entire production process. In the future, whether it is urban issues at the government level or life issues closely related to everyone, everyone will experience the process of AI technology from concept to implementation, and enjoy all the benefits brought by AI. Wave dividends."

From a regional perspective, the United States will become the largest market for AI-centric systems, accounting for more than 50% of the world's overall AI spending throughout the forecast cycle. Western Europe will account for more than 20% of global IT spending, with a five-year compound growth rate of 30.0%, the largest growth rate during the forecast period. China is the third largest AI market, with an average annual compound growth rate of 20.6%.

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source:51cto.com
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