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GenAI software and related hardware and services set to boom – Channel EYE

GenAI software and related hardware and services set to boom – Channel EYE
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Generative AI spending to reach $143B in 2027: IDC

A new forecast from IDC says that enterprise spending on generative AI from now through 2027 will be 13 times greater than the growth rate for overall worldwide IT spending on IT.

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IDC Forecasts Spending on GenAI Solutions Will Reach $143 Billion in 2027 with a Five-Year Compound Annual Growth Rate of 73.3% · EMSNow

IDC Forecasts Spending on GenAI Solutions Will Reach $143 Billion in 2027 with a Five-Year Compound Annual Growth Rate of 73.3% · EMSNow
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Generative AI spending to reach $143 billion in 2027, says IDC

The forecasted growth of generative AI investments is more than twice the growth rate in overall AI spending and 13 times greater than the CAGR for worldwide IT spending over the same period, according to IDC.

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IDC: GenAI Solutions Market to Hit $143B in 2027

Rapid adoption of generative AI solutions will produce a five-year compound annual growth rate of 73.3% from the nearly $16B spent in 2023, IDC forecasts

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