IDC Report: Invest of $6 bln on AI by 2027, India all set to see changes through technology
IDC report: According to the latest report of International Data Corporation (IDC), investment on AI in India will grow at a compound rate of 33.7 percent every year between 2022 and 2027. At the same time, investment on AI worldwide will increase to cross $512 billion by 2027. This size of the AI market will be more than double compared to 2024.
The administration rate of Artificial Intelligence in India is speedy. The country is fully prepared to witness the changes through which AI and Generative AI are going.
At this rate of adoption, Artificial Intelligence is likely to see $6 billion in investment within the country by 2027. According to the latest International Data Corporation (IDC) report, AI investment in India will grow at a compound growth of 33.7 percent year-on-year from 2022-2027. In contrast, across the world, investments made in Artificial Intelligence will surpass more than $512 billion by 2027. This Artificial Intelligence market watch size will be more than double compared to 2024.
AI is going to have far-reaching implications for India. What the country keeps as its most invaluable asset is data at the center of culture and business model transformation. Herein, in 2025, 40 percent of services will be delivered through GenAI. According to Dr. Christopher Marshall, Vice President of Data Analytics-AI, IDC Asia-Pacific, India is a sleeping giant in generative AI. Its scale, skills, and startups are ready to transform AI not only in India but around the world. At the same time, Linus Lai, Vice President, Digital Business at IDC Asia-Pacific, has said that 76 percent of Indian enterprises already have plans to invest in AI.
