Worldwide spending on artificial intelligence systems to approach USD 98 billion in 2023, IDC finds - Business Review

Global spending on artificial intelligence (AI) systems is expected to maintain its strong growth trajectory as businesses continue to invest in projects that use the capabilities of AI software and platforms. Spending on AI systems is expected to reach USD 97.9 billion in 2023, more than two and one half times the USD 37.5 billion that will be spent in 2019, according to the recently updated International Data Corporation (IDC) Worldwide Artificial Intelligence Systems Spending Guide. The compound annual growth rate (CAGR) for the 2018-2023 forecast period will be 28.4 percent.