In 2024, the total value of AI and gen AI spending in Europe was estimated at 46.13 billion U.S. dollars. The value of investments varied greatly across industries, with the banking sector accounting for the largest value of all investments. The banking sector's spending on AI and gen AI was approximately 7.24 billion U.S. dollars. It was followed by the retail sector, with a spending value of 4.83 billion U.S. dollars. Banking was also the leading industry in terms of spending on a global scale in 2023.
Estimated spending on artificial intelligence (AI) and generative artificial intelligence (gen AI) in Europe in 2024, by industry
(in billion U.S. dollars)
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Estimated spending on artificial intelligence (AI) and generative artificial intelligence (gen AI) in Europe in 2024, by industry
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IDC, & Statista. (October 22, 2024). Estimated spending on artificial intelligence (AI) and generative artificial intelligence (gen AI) in Europe in 2024, by industry (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 12, 2025, from https://www.statista.com/statistics/1446070/europe-spending-on-ai-by-industry/
IDC, und Statista. "Estimated spending on artificial intelligence (AI) and generative artificial intelligence (gen AI) in Europe in 2024, by industry (in billion U.S. dollars)." Chart. October 22, 2024. Statista. Accessed May 12, 2025. https://www.statista.com/statistics/1446070/europe-spending-on-ai-by-industry/
IDC, Statista. (2024). Estimated spending on artificial intelligence (AI) and generative artificial intelligence (gen AI) in Europe in 2024, by industry (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 12, 2025. https://www.statista.com/statistics/1446070/europe-spending-on-ai-by-industry/
IDC, and Statista. "Estimated Spending on Artificial Intelligence (Ai) and Generative Artificial Intelligence (Gen Ai) in Europe in 2024, by Industry (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/1446070/europe-spending-on-ai-by-industry/
IDC & Statista, Estimated spending on artificial intelligence (AI) and generative artificial intelligence (gen AI) in Europe in 2024, by industry (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1446070/europe-spending-on-ai-by-industry/ (last visited May 12, 2025)
Estimated spending on artificial intelligence (AI) and generative artificial intelligence (gen AI) in Europe in 2024, by industry (in billion U.S. dollars) [Graph], IDC, & Statista, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/1446070/europe-spending-on-ai-by-industry/
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