The banking industry was the most active sector in terms of investments into AI and gen AI in 2024. The banking industry's spending on AI-centric systems accounted for 15.7 percent of all investments, with total AI funding amount to approximately 7.24 billion U.S. dollars. The retail sector followed, with 9.5 percent of all spending.
Estimated share of spending on artificial intelligence (AI) and generative AI (gen AI) in Europe in 2024, by industry
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IDC. (October 22, 2024). Estimated share of spending on artificial intelligence (AI) and generative AI (gen AI) in Europe in 2024, by industry [Graph]. In Statista. Retrieved February 15, 2025, from https://www.statista.com/statistics/1446075/europe-spending-distribution-on-ai-by-industry/?__sso_cookie_checker=failed
IDC. "Estimated share of spending on artificial intelligence (AI) and generative AI (gen AI) in Europe in 2024, by industry." Chart. October 22, 2024. Statista. Accessed February 15, 2025. https://www.statista.com/statistics/1446075/europe-spending-distribution-on-ai-by-industry/?__sso_cookie_checker=failed
IDC. (2024). Estimated share of spending on artificial intelligence (AI) and generative AI (gen AI) in Europe in 2024, by industry. Statista. Statista Inc.. Accessed: February 15, 2025. https://www.statista.com/statistics/1446075/europe-spending-distribution-on-ai-by-industry/?__sso_cookie_checker=failed
IDC. "Estimated Share of Spending on Artificial Intelligence (Ai) and Generative Ai (Gen Ai) in Europe in 2024, by Industry." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/1446075/europe-spending-distribution-on-ai-by-industry/?__sso_cookie_checker=failed
IDC, Estimated share of spending on artificial intelligence (AI) and generative AI (gen AI) in Europe in 2024, by industry Statista, https://www.statista.com/statistics/1446075/europe-spending-distribution-on-ai-by-industry/?__sso_cookie_checker=failed (last visited February 15, 2025)
Estimated share of spending on artificial intelligence (AI) and generative AI (gen AI) in Europe in 2024, by industry [Graph], IDC, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/1446075/europe-spending-distribution-on-ai-by-industry/?__sso_cookie_checker=failed