AI market in India to reach $17 bn by 2027: Report

IndustryTrends

India's AI market is expected to grow at a compound annual growth rate (CAGR) of 25-35% to $17 billion by 2027

This growth will be fueled by multiple factors, including increasing enterprise tech spending, India’s growing AI talent base, and a significant increase in AI investments.

“As the investments in AI continue to increase, the demand for AI skills in India is expected to grow at 15% CAGR till 2027," the report said.

Several leading firms have invested heavily in upskilling their workforce in AI, allocating $1 billion over the next three years for the same.

The majority of these investments have been channeled to AI applications in data analytics, GenAI, machine learning algorithms, and platforms.

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