IDC Analysis: Anticipate AI Investment to Surge over Double to $632 Billion

The requirement for AI platform tools is set to expand by 40% annually for the next four years, increasing from $27.9 billion in revenue the previous year to $153 billion in 2028, as indicated by a previous IDC study. This study highlighted the swift advancement of AI platforms like Microsoft Azure AI, Amazon AI services, Google Cloud AI, and OpenAI in the past year, and foresee that this growth will maintain an “impressive momentum,” fueled by the growing acceptance of technology across various sectors.

A substantial portion of AI investment, as detailed by IDC, will be allocated towards AI application creation and deployment, as well as AI system software (which offers essential foundational layers that empower bare metal infrastructure hardware resources to support more advanced application development and deployment).

Expenditure on AI hardware, encompassing servers, storage, and Infrastructure as a Service (IaaS), is slated to be the subsequent main category of technology expenditure.

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AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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