China’s artificial intelligence (AI) market value is expected to reach 26.44 billion U.S. dollars in 2026, an industry report showed.
The spending of the country’s AI market is forecasted to hit 14.75 billion dollars in 2023, which is about 10 % of the world total, said a report from global market research firm International Data Corporation (IDC).
The report projected the compound annual growth rate of China’s AI market to surpass 20 % during the 2021-2026 period.
Furthermore, the report added that enterprises’ enthusiasm for digital transformation will also stimulate diversified demand in the Chinese market.
