According to Gartner, generative AI spending will reach $644 billion in 2025, marking a 76.4% increase from 2024. Currently, generative AI is in the Trough of Disillusionment, a phase where companies may feel disappointed with their AI experiments. Nonetheless, Gartner anticipates that generative AI's growth trajectory will rise again by 2028, particularly in the services sector, where adoption rates for generative AI applications are expected to have compound annual growth rates of 132.5%. Various other spending categories are projected to grow, indicating continued interest in generative AI projects.
Generative AI spending will reach $644 billion by 2025, reflecting a 76.4% increase from 2024, signaling significant ongoing investment despite current disillusionment.
After a stagnation period in the Trough of Disillusionment, generative AI growth is forecasted to continue, with CAGRs of 132.5% for applications and 131.8% for services.
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