Financial sector AI spending worldwide 2023, with forecasts to 2027

Published by Statista Research Department, Jan 19, 2024
The financial sector's spending on artificial intelligence (AI) is estimated to grow significantly between 2023 and 2027. In 2023, the total spending value was estimated at 35 billion U.S. dollars. With a compound annual growth rate (CAGR) of 29 percent, the sector's AI spending is forecast to reach 97 billion U.S. dollars in 2027.

Estimated value of the financial sector's artificial intelligence (AI) spending worldwide in 2023, with forecasts from 2024 to 2027 (in billion U.S. dollars)

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Release date

January 2024

Region

Worldwide

Survey time period

2023

Supplementary notes

Figures are estimates calculated by Statista using data published by the sources. The sources provided the financial sector's annual AI spending for 2027 (97 billion U.S. dollars), as well as the compound annual growth rate (29 percent). Figures between 2023 and 2026 were calculated based on the compound annual growth rate and the value of spending in 2027.

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