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AI Investment · ASEAN Growth · Asia Technology · Digital Economy
AI investment in Asia is projected to record a compound annual growth rate of nearly 25 percent between 2023 and 2028, surpassing USD110 billion by 2028, as over 70 percent of Asian companies now utilize AI in at least one business function, driving significant opportunities across the value chain.
The article, featuring insights from Asian Insiders Managing Partner Jari Hietala, states Asia now rivals North America in AI adoption, with most countries establishing national AI frameworks. Major global players like Google, Amazon, Microsoft, and Nvidia are scaling efforts in anticipation of this growth.
Investment in AI solutions will triple in countries such as Japan, South Korea, China, and India, and double in Southeast Asia. ASEAN projects AI will boost the region's GDP by 18 percent by 2030.
Opportunities exist across the AI value chain, including infrastructure, apps & tools, big data collection, AI integrators, security, and talent development. Specific needs vary by market, with Japan and South Korea seeking niche facilities, while India, Indonesia, and Vietnam welcome foreign data center operators.
Malaysia and Singapore prioritize green solutions. The banking, financial services, healthcare, manufacturing, and logistics sectors are increasing AI adoption, driven by demand for security solutions, customer-focused products, and operational optimization.
