China's AI market spending will grow to $14.75 billion in 2023, accounting for one-tenth of the global total, according to IDC data.
Due to the impact of the pandemic, geopolitics, and macroeconomic factors, IDC slightly lowered its forecast for China's AI market size in 2022, with a growth rate of approximately 17.9% compared to 2021.
In the long run, innovative advancements in AI technology have driven the further implementation of application scenarios, with hotspots such as AIGC, digital humans, multimodal AI, large AI models, and intelligent decision-making offering more possibilities for the market.
At the same time, enterprises' active promotion of their own digital and data-driven transformation has spawned diversified demand for AI technology, laying the foundation for the long-term growth of China's AI market.
AI Spending Forecast 2026
IDC predicts that by 2026, China's AI market will reach $26.44 billion, with a compound annual growth rate (CAGR) exceeding 20%...
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