Asia-Pacific AI spending set to reach $370bn by 2029
International Data Corporation (IDC) projected that artificial intelligence and generative AI spending in Asia-Pacific will rise from 73 billion dollars in 2024 to 370 billion dollars by 2029 , marking a fivefold increase driven by rapid enterprise adoption.
The report highlights a compound annual growth rate of 38.4 per cent , reflecting accelerating investment across industries in the region, including China
