New Delhi: As the Asia-Pacific region experiences growth in the adoption of Generative AI (GenAI), India is set to be among the fastest-expanding markets in the coming years. According to a report by IDC According to the Asia-Pacific region, the Asia-Pacific region is seeing unprecedented growth in GenAI adoption, including software, services, and hardware for AI-centric systems. GenAI spending in the region is expected to grow to $26 billion by 2027, for the period The compound annual growth rate (CAGR) will be 95.4 percent. The report noted that this surge underlines the region’s important role in driving the next wave of AI innovation and technological progress. Research Head of Big Data and AI at IDC Apeejay Deepika Giri said that investment in GenAI will reach its peak within the next two years, followed by a period of stabilization.
“China is projected to maintain its position as the leading market for GenAI, while Japan and India are set to become the fastest-expanding markets in the coming years,” Giri said. From software development to customer From services to services, GenAI is revolutionizing industries, ushering in a new era of innovation in the sector. The report says the financial services sector is experiencing the fastest growth in GenAI adoption in Asia – 96.7 percent It is projected to reach $4.3 billion by 2027 with a CAGR of Rs.
