• About
  • Subscribe
  • Contact
Wednesday, April 30, 2025
    Login
FutureCFO
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
No Result
View All Result
FutureCFO
No Result
View All Result
Home Business Insights Digital Transformation

AI spending in APAC to grow to US$78.4B by 2027

FutureCFO Editors by FutureCFO Editors
October 3, 2023
Photo by Christina Morillo: https://www.pexels.com/photo/close-up-photo-of-person-typing-on-laptop-1181675/

Photo by Christina Morillo: https://www.pexels.com/photo/close-up-photo-of-person-typing-on-laptop-1181675/

Artificial intelligence spending in the Asia-Pacific region is expected to surge to US$78.4 billion by 2027, according to International Data Corp. (IDC)’s latest Worldwide Artificial Intelligence Spending Guide.

The IDC is forecasting a compound annual growth rate of 25.5% for the 2022-2027 period.

The increase in spending on AI, including software, services, and hardware, reflects a shift to leveraging technology in companies’ operations, as well as in improving customer experience and keeping up with the ever-changing market.

China leads in AI spending

China leads in  AI adoption in the Asia-Pacific in terms of AI spending, according to IDC, accounting for 50% in the region. This is expected to reach nearly US$38.4 billion by 2027 at a compound annual growth rate of 24.8%.

Meanwhile, Japan is expected to have a US$12 billion investment in AI by 2027, rising at a compound annual growth rate of 25%. AI is being adopted by Japanese industries to improve productivity, quality control, risk management and customer experiences, thereby driving economic growth and technological leadership.

AI spending in various industries

A majority of AI investment in professional services is directed on AI infrastructure provisioning, wherein infrastructure service providers create and manage the IT infrastructure for AI systems. End users gain access to these resources required for computing and storage for AI system development or the provision of AI services.

Meanwhile, in the banking industry, AI is changing customer experiences through personalised financial recommendations and efficiently detecting fraudulent activity or the increased risk of fraud.

The industry’s investment in AI-driven algorithms makes way for secure transactions and anticipates customer needs, assisting in narrowing down the best available option and making a better decision.

Retail industries are harnessing AI to transform the way customers interact with their products and services. AI-enabled customer service agents, personalised recommendations, and dynamic pricing strategies boost customer engagement.

Related:  The new accounts payable department & the future of payables
Tags: AIAsia PacificChinaIDC
FutureCFO Editors

FutureCFO Editors

No Result
View All Result

Recent Posts

  • Modernising Days Sales Outstanding (DSO) for 2025
  • A Day in the Life: Shelly Maneth from Red Hat Asia Pacific
  • Singapore Inc: Expanding horizons in ASEAN and beyond
  • Technology essentials for the modern CFO
  • Transforming budgeting through automation

Categories

  • Artificial Intelligence
  • Audit and Compliance
  • Automation
  • Big Data
  • Blockchain
  • Business Applications
  • Business Insights
  • Case Studies
  • Cloud, Platforms and Ecosystems
  • Competencies and Capabilities
  • Digital Transformation
  • eBooks and eBriefs
  • ESG and sustainability
  • Finance Accounting and Reporting
  • Future Technology
  • General
  • Infographics
  • Leadership and Roles
  • Mergers and Acquisitions
  • Operational Accounting and Control
  • Operations
  • Polls and Surveys
  • Resources
  • Risk and Regulation
  • Strategies and Tactics
  • Tax Management and Optimization
  • Technology
  • Treasury and Cash Management
  • Videos/Tutorials
  • Webcasts/Podcasts
  • White Papers

Strategic Insights for Finance Executives

FutureCFO.net is about empowering the CFO and the Finance Team to take on the leadership position in the digitalization of the enterprise. It's more than just a portal for the exchange of industry best practices, it is about creating and growing a community of finance professionals able to share learned experiences, providing a platform for the current and next generation of finance leaders and professionals.

Quick Links

  • Videos
  • Resources
  • Subscribe
  • Contact

Cxociety Media Brands

  • FutureIoT
  • FutureCFO
  • FutureCIO
  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Subscribe