The total value of artificial intelligence (AI) spending in Europe was estimated at 34.2 billion U.S. dollars. The value of investments varied greatly across industries, with the banking sector accounting for the largest value of all investments. The banking sector's spending on AI-centric systems was approximately 5.37 billion U.S. dollars. It was followed by professional services, with a spending value of 3.83 billion U.S. dollars. Banking was also the leading industry in terms of spending on a global scale in 2023.
Estimated spending on artificial intelligence (AI)-centric systems in Europe in 2023, by industry
(in billion U.S. dollars)
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IDC, & Statista. (January 19, 2024). Estimated spending on artificial intelligence (AI)-centric systems in Europe in 2023, by industry (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 19, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1446070/europe-spending-on-ai-by-industry/
IDC, und Statista. "Estimated spending on artificial intelligence (AI)-centric systems in Europe in 2023, by industry (in billion U.S. dollars)." Chart. January 19, 2024. Statista. Accessed September 19, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1446070/europe-spending-on-ai-by-industry/
IDC, Statista. (2024). Estimated spending on artificial intelligence (AI)-centric systems in Europe in 2023, by industry (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 19, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1446070/europe-spending-on-ai-by-industry/
IDC, and Statista. "Estimated Spending on Artificial Intelligence (Ai)-centric Systems in Europe in 2023, by Industry (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Jan 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1446070/europe-spending-on-ai-by-industry/
IDC & Statista, Estimated spending on artificial intelligence (AI)-centric systems in Europe in 2023, by industry (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1446070/europe-spending-on-ai-by-industry/ (last visited September 19, 2024)
Estimated spending on artificial intelligence (AI)-centric systems in Europe in 2023, by industry (in billion U.S. dollars) [Graph], IDC, & Statista, January 19, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1446070/europe-spending-on-ai-by-industry/