The APAC region is undergoing a shift in business technology investment, with artificial intelligence (AI) emerging as the cornerstone of its digital transformation journey. IDC's latest forecast reveals that AI spending in the region will surge to $175 billion by 2028, driven by a compound annual growth rate (CAGR) of 59.2 percent for Generative AI (GenAI). This significant growth underscores the potential across industries, from healthcare to financial services, as organizations race to harness intelligent automation, predictive analytics, and next-generation customer experiences. Artificial Intelligence Market Development Generative AI leads the charge, with its ability to automate complex tasks and generate novel outputs, reshaping operational paradigms. The technology's rapid enterprise adoption is evidenced by a projected tripling of GenAI investments between 2025 and 2028. Healthcare and education sectors are also accelerating deployments, using AI for personalized medi...
TMT Market Research and Analysis