Spending on Artificial Intelligence (AI), including software, services, and hardware for AI-centric systems in Asia Pacific will grow to $49.2 billion in 2026, with a compound annual growth rate (CAGR) of 24.5 percent from 2021 to 2026.
Investment in AI solutions assists organizations in developing improved operational efficiency through an optimized and robust risk management environment, said Jessie Cai Danqing, Associate Research Director, Big Data & Analytics, IDC Asia Pacific.
The increased reliance on the digital environment and the internet has increased spending on AI solutions in Professional services.
AI solutions will help banks reduce the risks of financial fraud and threats and optimize process and customer service to improve the customer experience.
Federal / central and state / local governments are one of the major investors in AI solutions, with a focus on public safety and emergency response, defense, government intelligence, and threat intelligence and prevention systems.
