AI Spending in US to Rise at 26% CAGR Through 2025: IDC
U.S. spending on AI will double by 2025, topping $120 billion, based on a 26% compound annual growth rate over the next four years, reported IDC Thursday. The U.S. already has more than half of all AI spending worldwide, it…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
said. Retail will remain the largest U.S. industry for AI spending throughout the forecast period, while professional services, media, and securities and investment services will have the fastest growth, each with CAGRs exceeding 30%, it said. "The greatest potential benefit for the use of AI remains its use in developing new business, and building new business models," said IDC analyst Mike Glennon.