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China's Artificial Intelligence Market Will Exceed US$26.7 Billion by 2026, according to IDC

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IDC recently released the IDC Worldwide Artificial Intelligence Spending Guide. Data shows that total global IT investment in artificial intelligence (AI) in 2021 was US$92.95 billion, expected to increase to US$301.43 billion in 2026, and the compound annual growth rate (CAGR) was about 26.5%. As for the China market, IDC predicts that China's AI investment is expected to reach US$26.69 billion in 2026, accounting for about 8.9% of global investment, ranking second in the world among other countries. In recent years, more and more enterprises have become involved in the Digintelligence Era and started the deployment of digital transformation (DX) and intelligent upgrading, which has thus spawned more demand for AI. Driven by policies, technologies, and markets, AI empowering industries is becoming a mainstream development trend.



New reports shines light on Global Artificial Intelligence (AI) Hardware Market

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Report Ocean has come up with a study on Artificial Intelligence (AI) Hardware Market and the report is laden with information that can be utilized by …


Data Bytes: AI Still an Enterprise Priority, Even as Growth Slows for COVID-19

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Investment in artificial intelligence (AI) has remained strong during the COVID-19 pandemic, with the pace of growth moderating only slightly during 2020 and picking up in 2021 and beyond, according to new research from International Data Corporation (IDC). Global revenues for AI software, hardware, and services are expected to total $156.5 billion in 2020, an increase of 12.3% over 2019. "The pandemic has interrupted the momentum of AI services market growth in nearly all regions," said Jennifer Hamel, research manager, Analytics and Intelligent Automation Services. "However, enterprise demand for AI capabilities to support business resiliency and augment human productivity will sustain double-digit expansion in 2020 even as other discretionary projects experience delays." IDC expects AI hardware (server and storage combined) revenues to reach $13.4 billion in 2020, representing 10.3% year-over-year growth, which is a significant moderation from the prior year when it grew 33.4%.


Artificial Intelligence (AI) Hardware Market: A Deep Dive Analysis of Various Regions and …

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– Technology: machine learning, Computer vision, Natural Language Processing, Expert Systems. – Computation type: CPU, GPU, ASICS and others. – …