CHART: Generative AI Spending in Asia/Pacific to Reach $26 Billion by 2027

The Asia Pacific region is on the cusp of a technological revolution, with Generative AI (GenAI) poised to take centre stage.

According to IDC's Worldwide AI and Generative AI Spending Guide, spending on GenAI in the region is projected to skyrocket to a staggering $26 billion by 2027, with a compound annual growth rate (CAGR) of 95.4% from 2022 to 2027.

This explosive growth rate is expected to match that of North America fueled by heavy investments in data infrastructure and AI platforms, and making the region a breeding ground for the next wave of AI innovation and technological advancement.

The growth is projected to peak within the next two years, followed by a period of stabilization, with China maintaining its position as the dominant market for GenAI, while Japan and India are expected to see the fastest growth in GenAI adoption.