AI Spending To Grow To More Than USD 500 Billion In 2027, Reports IDC
FutureCIO, Friday, November 3,2023
Worldwide spending on AI solutions will grow to more than USD 500 billion in 2027, according to the IDC FutureScape report by International Data Corporation (IDC). This is due to heightened investments toward AI implementation and adoption of AI-enhanced products/services.
"Every IT provider will incorporate AI into the core of their business, investing treasure, brain power, and time," said Rick Villars, group vice president, Worldwide Research at IDC.
Worldwide IT industry predictions:
Included in IDC's top ten worldwide IT industry predictions are the following:
1. Core IT Shift: Global 2000 (G2000) organisations will allocate over 40% of their core IT spending to AI-related initiatives by 2025.