Asia/Pacific spending on AI systems is projected to surge from $20.6 billion in 2022 to $46.6 billion in 2026, highlighting the importance of AI solutions in process improvement and business decision-making. Industries like banking, manufacturing, and government are investing heavily in AI, creating a competitive edge in the digital-first era.
I've got some exciting news to share! According to IDC's latest Worldwide Artificial Intelligence Spending Guide, Asia/Pacific spending on AI systems (including hardware, software, and services) is set to soar from $20.6 billion in 2022 to a staggering $46.6 billion in 2026. This whopping 23.7% compound annual growth rate for 2021-2026 underscores the increasing role of AI solutions in process improvement and business decision-making.
From pre-trained natural language and computer vision models fueling the first wave of adoption, we're now witnessing a shift towards organizations tapping into their own data assets and managing the 'data to intelligence' lifecycle as a differentiating capability. Industries like banking, manufacturing, and government are investing heavily in AI, with use cases such as threat intelligence, fraud analysis, production quality maintenance, and public safety response. By 2026, the top 5 use cases are expected to double their spending from $8.3 billion to $18.5 billion.
Hardware leads the way, accounting for over 54.2% of AI spending, with servers making up more than 86% of total expenditure. Software follows as the second leading technology with 29% of AI spending, with AI applications and platforms taking up 52% of total software investments. As an ardent quantum computing enthusiast, I cannot stress enough the importance of embracing AI solutions to stay ahead in this digital-first era. Let's make the quantum leap together and revolutionize the way we do business!
