Last year, the total global investment in artificial intelligence IT was US$128.8 billion and continues to grow.

[CNMO News] Recently, CNMO noticed that IDC released the 2023 V2 version of the IDC Worldwide Artificial Intelligence Spending Guide. The latest data from IDC shows that the total global investment in artificial intelligence IT will be US$128.8 billion in 2022, and is expected to increase to US$423.6 billion in 2027, with a five-year compound growth rate (CAGR) of approximately 26.9%.

IDC pointed out that with the recent breakthroughs in artificial intelligence technology and the improvement of application integration, various enterprises have begun to rush to use advanced technologies represented by artificial intelligence to adapt to the digital intelligence market environment and empower new businesses. Help enterprises determine the goals of intelligent decision-making, thus creating more diverse customized needs for artificial intelligence.

Focusing on the Chinese market, IDC predicts that China’s AI investment scale is expected to reach US$38.1 billion in 2027, accounting for approximately 9% of the global market. In recent years, my country's artificial intelligence industry has continuously improved its intelligence level and moved towards high-quality development. In the short term, there is still room for growth in the development of the domestic artificial intelligence market in terms of integrating with the different needs of various industries; looking to the future, under the theme of government policy support and accelerated industrial upgrading, artificial intelligence technology will surely cooperate with the development of enterprises. Integration and becoming part of enterprise products, services and models will be an important strategic resource to promote the leap-forward development of Chinese enterprises.

IDC predicts that AI hardware will still be the main destination for market investment during the five-year forecast period, accounting for more than 60% of the total size of the Chinese market. As AI infrastructure construction gradually improves, the proportion of hardware in China's total market expenditure will gradually decrease, and the annual growth rate of expenditure will gradually slow down during the five-year forecast period.

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