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Citi: Global artificial intelligence industry revenue is expected to reach $975 billion by 2030

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2025-11-03 15:25:26
Citigroup forecasts that the global artificial intelligence industry revenue will reach $975 billion by 2030, compared to $43 billion in 2025, representing a compounded annual growth rate of 86%. The growth reflects the accelerating adoption and commercialization of AI technology by enterprises, while hyperscale Cloud as a Service providers are investing more in infrastructure to meet surging market demand. Last week, four US tech giants, Google parent Alphabet, Facebook parent Meta, Microsoft and Amazon, announced plans to significantly increase their annual capital expenditures and increase investment in semiconductor infrastructure and data center capacity to support the rapidly growing demand for artificial intelligence. Citi estimates that the total capital expenditure of major U.S. cloud vendors will reach $4.40 trillion between 2026 and 2030, while total investment globally (including sovereign funds and others) is expected to reach $7.75 trillion.
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