Spending on Artificial Intelligence to touch $32 bn in 2025: IDC

Spending on Artificial Intelligence in Asia Pacific will increase from $17.6 billion in 2022 to around $32 billion in 2025, according to IDC report.
Forecast on Artificial Intelligence Spending in Asia PacificBusinesses make investment in artificial intelligence (AI) to gain a competitive advantage through improved customer insight, increased employee efficiency, and accelerated decision making. IDC forecasts spending on Artificial Intelligence will achieve a compound annual growth rate (CAGR) of 25.2 percent for the period 2020-2025.

“Many of the changes caused by the pandemic will stay and we expect the adoption momentum of practical AI use cases such as remote or contactless engagement to continue,” says Jessie Danqing Cai, Associate Research Director, Cognitive Computing / Artificial Intelligence for IDC Asia Pacific.