GenAI spending by segment (US$ millions)
| Segment | 2024 | 2025 | Growth 2025 |
|---|---|---|---|
| Services | 10,569 | 27,760 | +162.6% |
| Software | 19,164 | 37,157 | +93.9% |
| Devices | 199,595 | 398,323 | +99.5% |
| Servers | 135,636 | 180,620 | +33.1% |
| Total GenAI | 364,964 | 643,860 | +76.4% |
Hardware dominates: devices and servers together account for about 90% of 2025 GenAI spending (our calculation from the Gartner table). Software ($37.2 billion) and services ($27.8 billion) are much smaller, but grow fast.
Note that these are different measures: Gartner forecasts spending (including AI-capable PCs and smartphones), Bloomberg Intelligence (June 2023) forecasts revenue of the generative AI market. Do not compare the two directly.
Sources: Gartner, 2025, Bloomberg Intelligence, 2023