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IDC:China's artificial intelligence market is expected to exceed US$18.4 billion in 2025

IDC:China's artificial intelligence market is expected to exceed US$18.4 billion in 2025

Source:本站Time:2022-03-12Views:

On March 11, IDC predicts that the global AI market will reach US$88.57 billion in 2021 and increase to US$221.87 billion in 2025, with a five-year compound growth rate (CAGR) of about 26.2%. In 2025, China will account for about 8.3% of the global to…

On March 11, IDC predicts that the global AI market will reach US$88.57 billion in 2021 and increase to US$221.87 billion in 2025, with a five-year compound growth rate (CAGR) of about 26.2%. In 2025, China will account for about 8.3% of the global total, ranking second among individual countries.


The "14th Five-Year Plan" outlines the "new generation of artificial intelligence" as a key topic, and continuous favorable policies including new infrastructure and digital economy have promoted the upgrading of industrial intelligence. IDC predicts that with the continuous implementation of AI applications, the Chinese market will grow at a CAGR of 24.4% and is expected to exceed US$18.43 billion in 2025.


Data shows that over half of AI-related spending will still go to the hardware market during the five-year forecast period 2021-2025. With the gradual improvement of AI infrastructure construction, the hardware growth rate will gradually slow down, and the five-year CAGR will remain around 18.5%. Software will expand the market size at a faster rate, with a five-year CAGR of 36.2%.

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