Investments in artificial intelligence solutions and services are expected to fuel economic growth, according to an analysis by IDC.
The Global AI Economic Impact study, which highlights the profound economic impact of AI on the global economy, reveals that investments in AI solutions and services are projected to yield a global cumulative impact of $22.3 trillion by 2030, representing approximately 3.7% of the global Gross Domestic Product (GDP).
"Continuous business innovation through the use of AI, accelerated by growing use of AI Agents, are driving greater direct investments in infrastructure and software as well as generating substantial indirect spending across the technology delivery supply chain," says Rick Villars, group vice president for Worldwide Research at IDC.
According to Villars, large cloud service providers are investing heavily in infrastructure, reflecting the growing importance of complex AI ecosystems that support regional competitiveness and business expansion.
Other key highlights from the IDC study are:
Economic Impact: Every new dollar spent on AI solutions and services by adopters is expected to generate an additional $4.9 in the global economy, underscoring the significant multiplier productivity and business acceleration effect of AI investments in the coming years.
Global Initiatives:Â Large-scale investments in AI infrastructure are underway. These and other, similar initiatives to establish AI hubs and factories will foster innovation and competitiveness.
Industry Benefits: AI is enhancing operational efficiency, increasing productivity, and opening new revenue streams across various sectors. Its ability to automate routine tasks allows for the reallocation of resources to more strategic and creative endeavors.
