Asia/Pacific — Industry Insights, Data, and Solutions For Business Leaders

Asia/Pacific Artificial Intelligence Systems Spending to Reach Nearly $5.5 Billion in 2019, IDC Forecasts

Asia/Pacific spending on artificial intelligence (AI) systems is forecast to reach nearly $5.5 billion in 2019, an increase of almost 80 percent versus 2018, according to new research from International Data Corp. (IDC). As industries invest aggressively in projects that utilize AI software capabilities, IDC expects spending on AI systems will increase to $15.06 billion in 2022 with a compound annual growth rate (CAGR) of 50 percent over the 2018-2022 forecast period.

Airrion AndrewsMay 22, 2019International Data Corp., IDC, artificial intelligence, AI, Asia/Pacific

Technologies Enabling Smart Cities in Asia/Pacific to Reach $28.3 Billion in 2018: IDC

The market for the technologies that enable Smart Cities initiatives in Asia/Pacific (excluding Japan) is expected to reach $28.3 billion in 2018, according to the first-ever IDC Worldwide Semiannual Smart Cities Spending Guide. As these initiatives gain traction, IDC expects spending to accelerate over the 2016-2021 forecast period, reaching to $45.3 billion in 2021.

Nate FisherMarch 23, 2018idc, smart cities, Asia/Pacific, intelligent traffic transit, vehicle to everything, wearables