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.
- 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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