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Worldwide Core IT Spending for GenAI Forecast, 2023–2027: GenAI Is Triggering Hyper-Expansion of AI Spending

Publisher IDC
Published Dec 20, 2023
Length 15 Pages
SKU # IDC18396030

Description

Worldwide Core IT Spending for GenAI Forecast, 2023–2027: GenAI Is Triggering Hyper-Expansion of AI Spending


This IDC study presents a five-year forecast for the core IT spending for GenAI market for the 2023–2027 period."Despite IT headwinds in 2023, businesses accelerated their exploration of GenAI to boost business transformation in 2023. In 2024, the shift to AI everywhere will enter a critical buildout phase with spending more than doubling to $40.1 billion and reaching $151.1 billion in 2027," said Rick Villars, group vice president, Worldwide Research at IDC.

Please Note: Extended description available upon request.

Table of Contents

15 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
GenAI Foundation Build: 2023–2025
Broad Adoption of GenAI Capabilities: 2025–2026
Unified AI Services: 2026 and Beyond
GenAI Investments Around the World
Market Context
Drivers and Inhibitors
Drivers
Artificial Intelligence/Machine Learning Adoption and Scaling
Data Growth and Modern Data Environments
Inhibitors
Security and Data Sovereignty
Operational Efficiencies
Significant Market Developments
Economic Downturn
Enablers of AI/ML and GenAI
Changes from Prior Forecast
Market Definition
AI Servers and Storage
GenAI Ethernet Fabric–Enabled Datacenter Switches
As a Service
Artificial Intelligence Software
Artificial Intelligence Platforms
AI Applications
AI Application Development and Deployment
AI Systems Infrastructure Software
Business Services
IT Services
Methodology
Related Research

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