Banking sector gen AI spending worldwide 2023, with forecasts to 2027

Published by Statista Research Department, Apr 11, 2024

The banking sector's spending on generative artificial intelligence (AI) is estimated to grow significantly between 2023 and 2027. In 2023, the total spending value was estimated at 3.86 billion U.S. dollars. With a compound annual growth rate (CAGR) of 55.55 percent, the sector's generative AI spending is forecast to reach 85 billion U.S. dollars in 2030.

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

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Release date

March 2024

Region

Worldwide

Survey time period

2023 to 2030

Supplementary notes

Figures are estimates calculated by Statista using data published by the sources. The sources provided the banking sector's annual generative AI spending for 2024 and 2030. The rest of the figures were calculated by Statista based on the compound annual growth rate. 

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