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IDC: In 2023, AI spending will exceed $500 billion

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Image source: BBC

Specialists of the IDC analytical company expect that the revenues of suppliers of solutions in the field of artificial intelligence (AI), including software, equipment and services, will grow by 19.6% in 2022 compared to 2020.

This means that the specified market will reach $ 432.8 billion. It is expected that in 2023 it will overcome the $500 billion mark.

Among the three spending categories listed above, the share of AI software will decrease slightly in 2022, as spending on hardware and services grows faster. This trend will continue in 2023. In general, if you believe the forecasts, it is AI services that will be characterized by the fastest growth in costs over the next five years. The cumulative annual growth rate will be 22%. For comparison: in the equipment segment, this figure will be 20.5%.

The equipment can be divided into two subcategories: servers and storage systems. The cost structure is dominated by servers.

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