Global spending on AI 2023, by industry

Published by
Bergur Thormundsson,
Feb 15, 2024
Spending on artificial intelligence (AI) varied greatly across industries in 2023, with the banking and retail industries delivering the largest AI investments in 2023. Worldwide spending on AI-centric systems was estimated at 154 billion U.S. dollars in 2023 across all industries. The banking sector's investments amounted to 20.6 billion U.S. dollars, the highest across the observed industries. It was followed by retail, with an investment value of 19.7 billion U.S. dollars. The financial sector's investments into AI are forecast to grow significantly between 2024 and 2027.

Estimated worldwide spending on artificial intelligence (AI)-centric systems in 2023, by industry (in billion U.S. dollars)

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Release date

January 2024

Region

Worldwide

Survey time period

2023

Supplementary notes

Figures are estimates that were calculated by Statista using data published by the International Data Corporation. Figures are rounded.

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Statistics on " Artificial intelligence (AI) in business "

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Overview

7

Segment: Business benefits

4

Segment: Business challenges

4

Segment: Employees

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Special focus: Deployment and infrastructure

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Topics

Artificial intelligence (AI) in financeInvestment bankingLargest banks in the UKEuropean Central BankMobile banking in the U.S.
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