AI Investment trends by country In Latin America from these reports.
Statista, ResearchAndMarkets.com, Markets and Markets.com, IDC Worldwide Artificial Intelligence Spending Guide, Artificial Intelligence and Analytics in Latin America: Adoption and Investment Insights for Publishers, Gartner Says Technology Spending in Latin America to Reach 380 Billion, Frost & Sullivan, Allied Market Research, Transparency Market Research, Infinium Global Research.
Based on the reports mentioned above, the following trends regarding AI investments in Latin America can be compiled by country:
Brazil, It has the largest market size and spending on AI in Latin America. The country is focusing on AI adoption in manufacturing and agriculture sectors to increase efficiency and productivity.
There is also a growing demand for AI-based applications in education.
Mexico, The country is experiencing significant growth in AI market size and spending due to government initiatives and private investments.
AI is being adopted in industries such as healthcare, automotive, and finance.
There is also a demand for AI solutions in improving customer experience.
Argentina, The country is focusing on developing AI based solutions for the public sector, particularly in healthcare and education.
There is also a growing demand for AI adoption in finance and manufacturing sectors.
4. Colombia, The country is experiencing growth in AI market size and spending, with a focus on adoption in agriculture and healthcare sectors.
There is also a demand for AI solutions to improve transportation and logistics.
Chile, The country is investing in developing AI based applications for the public sector, including healthcare and education.
AI is also being adopted in industries such as finance, retail, and manufacturing to improve efficiency and automation.
Overall, there is a growing trend towards AI adoption in various sectors in Latin America, with a particular focus on improving productivity, efficiency, and customer experience. Brazil has the largest market size and spending, while Mexico is experiencing significant growth in AI investments.
Reports and analysis on AI Expenditure Trends
1. The Global AI Market is expected to exceed $169 billion by 2025 (Global Market Insights, Inc.)
2. Global artificial intelligence in the retail market is expected to reach $19.9 billion by 2027 (ReportLinker)
3. The global AI market is expected to grow at a CAGR of 42.2% from 2020 to 2027 to reach $309.6 billion (Allied Market Research)
4. North America accounted for more than a 38.4% share of the global AI market in 2019 due to increased adoption of AI technology in the US (Grand View Research)
5. The worldwide artificial intelligence (AI) software market revenue is expected to grow from $10.1 billion in 2018 to $126 billion by 2025 (IDC)
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