Estimated value of the banking sector's artificial intelligence (AI) and generative artificial intelligence (gen AI) spending worldwide from 2020 to 2025, with forecasts until 2028
(in billion U.S. dollars)
Characteristic
Estimated spending on AI
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All figures are estimates calculated by ÌÇÐÄÆƽâ°æ using data published by the source. The source provided the banking sector's estimated AI spending for 2024 (31.3 billion U.S. dollars) and the compound annual growth rate of 27 percent between 2024 and 2028 for the software and information services, banking, and retail sectors. Figures prior to 2024 and for 2025 through 2028 were calculated based on these data points.
Citation formats
Banking sector AI spending in worldwide 2020-2025, with forecasts until 2028
The banking sector's AI spending was estimated at billion U.S. dollars in 2025, up from **** billion U.S. dollars in 2024. Growing at a compound annual rate of ** percent, spending is forecast to reach over 53 billion U.S. dollars in 2026 and exceed **billion U.S. dollars by 2028. The banking sector represents the majority of financial sector AI spending, which totaled ***billion U.S. dollars in 2025.
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ÌÇÐÄÆƽâ°æ. (March 2, 2026). Estimated value of the banking sector's artificial intelligence (AI) and generative artificial intelligence (gen AI) spending worldwide from 2020 to 2025, with forecasts until 2028 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 20, 2026, from /statistics/1557311/global-banking-sector-ai-spending-forecast/
ÌÇÐÄÆƽâ°æ. "Estimated value of the banking sector's artificial intelligence (AI) and generative artificial intelligence (gen AI) spending worldwide from 2020 to 2025, with forecasts until 2028 (in billion U.S. dollars)." Chart. March 2, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 20, 2026. /statistics/1557311/global-banking-sector-ai-spending-forecast/
ÌÇÐÄÆƽâ°æ. (2026). Estimated value of the banking sector's artificial intelligence (AI) and generative artificial intelligence (gen AI) spending worldwide from 2020 to 2025, with forecasts until 2028 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 20, 2026. /statistics/1557311/global-banking-sector-ai-spending-forecast/
ÌÇÐÄÆƽâ°æ. "Estimated Value of The Banking Sector's Artificial Intelligence (Ai) and Generative Artificial Intelligence (Gen Ai) Spending Worldwide from 2020 to 2025, with Forecasts until 2028 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 2 Mar 2026, /statistics/1557311/global-banking-sector-ai-spending-forecast/
ÌÇÐÄÆƽâ°æ, Estimated value of the banking sector's artificial intelligence (AI) and generative artificial intelligence (gen AI) spending worldwide from 2020 to 2025, with forecasts until 2028 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1557311/global-banking-sector-ai-spending-forecast/ (last visited July 20, 2026)
Estimated value of the banking sector's artificial intelligence (AI) and generative artificial intelligence (gen AI) spending worldwide from 2020 to 2025, with forecasts until 2028 (in billion U.S. dollars) [Graph], ÌÇÐÄÆƽâ°æ, March 2, 2026. [Online]. Available: /statistics/1557311/global-banking-sector-ai-spending-forecast/
