Financial sector AI spending worldwide 2023-2024, with forecasts to 2028

Estimated value of the financial sector's artificial intelligence (AI) spending worldwide from 2023 to 2024, with forecasts from 2025 to 2028

CharacteristicSpending on AI in billion U.S. dollars
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Statistic: Estimated value of the financial sector's artificial intelligence (AI) spending worldwide from 2023 to 2024, with forecasts from 2025 to 2028 (in billion U.S. dollars)
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Release date

August 2024

Region

Worldwide

Survey time period

2024

Supplementary notes

Figures are estimates calculated by Statista using data published by the sources. The sources provided the financial sector's annual AI spending for 2027 (97 billion U.S. dollars), and the worldwide AI spending for 2028 (632 billion U.S. dollars) as well as the compound annual growth rate (29 percent), and the share of the financial services industry in all AI spending (20 percent). Figures between 2023 and 2026 were calculated based on the compound annual growth rate and the value of spending in 2027. The figure for 2028 was calculated based on the total worldwide spending and the share of financial services in all AI spending.

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