AI is reshaping the composition of enterprise tech spending in the US

Spending on AI is currently the primary driver of incremental enterprise tech spend growth, with outlays rising rapidly to account for a growing share of total spend, which we forecast will continue over the next decade. Development and use of AI based products will grow to over $1.75 trillion by 2030—22% of total US enterprise tech spend—up from $230 billion today.

• Spending is concentrated in software, IT services, and cloud, which together make up the majority of AI-related spend.
• IT services alone accounts for roughly $85 billion in 2025, more than devices and telecoms combined, highlighting that enterprise value is being realized through deployment, integration, and data infrastructure rather than hardware alone.
• The sectors that are leading the AI spend are highly skewed toward knowledge-intensity, with finance, IT, and professional services each exceeding $40 billion in AI spend in 2025 and leading in the intensity of AI use relative to total budgets.
• By 2035, these sectors are projected to allocate just over a third of their tech spending to AI, compared with less than a fifth for construction and transport.
• Annual growth rates will be brisk, holding above 30% through 2028 as firms scale from experimentation to production deployment.