US AI is reshaping the composition of enterprise tech spending

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.