Artificial Intelligence offers businesses ample benefits such as improved precision in decision-making, fastened operations, enhanced capabilities, and ultimately, better customer experiences.

AI software solutions have brought a revolutionary change in companies’ operational efficiency as they can automatize repetitive tasks and analyze huge datasets to drive actionable insights. Businesses can improve customer engagement and retention while increasing profitability. AI can take over complex operations such as supply chain management to predict market trends and enable business owners to target the market with logic and strategies.

Artificial Intelligence solutions for enterprises remarkably save time and costs while increasing revenues. AI-driven innovation leads to new product/service development to boost your business further.

Before we proceed, check out this interactive short video on how the smartest companies choose to grow their business.

Whether you are a small business owner or a tycoon owning a large enterprise spanning all over the world, staying updated on the latest AI stats, trends, and forecasts is essential. The field of technology evolves every hour and, therefore, you need to understand the current developments to ensure that your business remains competitive and adopts cutting-edge technologies.

Artificial intelligence-researched stats and trends give the best insight into the anticipated market shifts that help you update or upgrade your enterprise solutions, and you can also use AI-driven stats to make informed decisions. With the latest Artificial Intelligence stats and figures, businesses can innovate, maintain strategic advantage, and optimize their processes or operations.

Here we present a comprehensive guide to AI stats, figures, latest trends, and forecasts for the past couple of years, the current year 2024 and beyond. You can keep yourself abreast of AI advancement to help your business identify potential risks, grab opportunities, and build foolproof business strategies.

In this section, we have gathered all the latest AI stats from different sources available on the Internet. We have categorized these stats into specific segments or classifications for better understanding:

AI Stats for Growth

Artificial Intelligence is witnessing growth all over the world. The rise of powerful processors such as AI chips, increased data availability, and remarkable local government support in investment super development, and research has positively fueled the fire of AI significantly.

Governments, NGOs, private sectors, and other authoritative agencies are quite positive about the development which results in a constant flow of advancements in deep learning and machine learning algorithms as a part of the AI revolution. The ripple effect then spreads to almost all industry verticals all over the world.

With AI applications, almost all fields and businesses are getting new and efficient avatars, and the global AI boom promises remarkable economic growth while necessitating careful consideration of ethical practices and potential biases in AI.

Here are some of the impressive stats and figures that showcase overall AI growth all over the globe –

  • The AI market is likely to witness an annual growth rate of 37.7% between 2023 and 2030 – GrandView Research.
  • The chatbot market is anticipated to touch nearly US $1.25 billion in 2025 which is a significant increase from the 2016 market size that marked US $190.8 million – Authority Hacker.
  • The computer vision market grew past US $20 billion in 2023 – Statista.
  • The Artificial Intelligence market worldwide is likely to be worth more than US $1.3 trillion in 2030 – Markets & Markets.
  • AI could add a whopping figure of US 25.6 trillion to the worldwide economy – McKinsey.
  • The Natural Language Processing (NLP) market is likely to cross the mark of US $112 billion by 2030 – Statista.
  • Generative Artificial Intelligence would add US $2.6 trillion to the US $4.4 trillion value to the economy worldwide – McKinsey.
  • The AI market is all set to grow by 26% all over the world by the end of 2025 – Tractica.
  • The ML market worldwide crossed the mark of US $150 billion in 2023. It is anticipated to grow slowly but steadily in the decade. It’ll add around US $50 billion to the market annually – Statista.
  • Soon, more than 100 million people will work in the AI domain – We Forum.
  • Funding for Generative AI has surged nearly catapulting to US $25.2 billion. OpenAI, Hugging Face, Anthropic, and Inflection reported substantial fundraising – AI Index, Stanford.
  • The Generative AI market is likely to shoot remarkably: from US $ 11 billion in 2020 to nearly US $128 billion in 2024. This will further accelerate to US $1.3 trillion in 2032 – Statista.
  • The market size is likely to show an annual growth rate (CAGR 2024-2030) of 28.46% – Statista.
  • The market volume of AI technology globally will reach US $826.7 billion by 2030 – Statista.
  • The biggest market share by industry for AI is healthcare accounting for 15.70% followed by finance and manufacturing for 13.65% – Statista.
  • From 2020 to 2022, investment in startups globally, and in particular AI startups, increased by US $5 billion, nearly double its previous investments – Statista.

AI Stats for Startups

AI is swiftly becoming a startup cornerstone on a global scale. It is because of the democratization of Artificial Intelligence-enabled solutions and resources. Cloud-based solutions offer access to omnipotent AI frameworks and trained AI models that eliminate the requirements of huge upfront investments.

AI in startups empowers young entrepreneurs to leverage technologies such as product development, data analytics, and customer segmentation with ease. Startup CEOs are happy to embrace AI-powered chatbots for superior customer engagement while ML algorithms are used to optimize marketing drives and enhanced UX.

Here are some of the stats about AI for Startups:

  • More than US $1 in every US $4 spent in US-based startups in the last year went to Artificial Intelligence company – Crunchbase.
  • Three-fourths of top executives accept that AI helps their organizations grow exponentially – Authority Hacker.
  • Nearly 50% of companies have adopted AI in at least one business function or operation – Authority Hacker.

AI Stats – Country and Continent Wise

Artificial Intelligence development isn’t restricted to geographical boundaries. It is not a uniform picture worldwide – developed economies such as China, the US, and most European countries are leading the game while Saudi Arabia is surprisingly gaining the greatest traction these years.

Specific countries and continents boast larger AI research budgets and promote a more established AI talent pool with the high number of AI-associated tool patents. Indeed, it all translates to better AI infrastructure for development and research.

Countries like Brazil and India are witnessing a tremendous surge in AI interests and activities. They boast of the younger generation and immensely growing IT sectors that offer fertile fields to AI and ML. Continents like Africa also present a unique equation wherein AI is a potential ground for rapid advancement to overcome technical impediments.

Here we have collected myriad AI stats, figures, and forecasts from different countries and continents:

The United States

  • Around 25% American companies saved between US $50000-70000 by using ChatGPT – Statista.
  • Advertising and marketing sectors in the US witnessed just under 40% of the workforce using AI – Statista.
  • The US market size of AI was US $87.18 billion – Statista.
  • Artificial Intelligence technologies will give the US 14.5% and China a 26% boost to GDP by 2030 – PwC.
  • Business analysts anticipate that the US AI market will reach US $300 billion by 2026 – PR Newswire.
  • The United States possessed the strongest capacity for research considering the leading 20 AI countries all over the world in 2023 – Statista.
  • Around 43% of American marketers found that chatbots are the best tools to educate prospects – Authority Hacker.

Saudi Arabia

  • Among the leading 20 AI developing countries, Saudi Arabia was found to have the strongest and most focused governmental strategy in 2023 – Statista.

India

  • The market size of Artificial Intelligence in India is expected to reach US $6.28 billion in 2030 – Statista.
  • More than 13% of people will use professional AI tools in one or the other way in India by 2030 – Statista.

Japan

  • The market size in the AI in Japan is likely to reach US $8.12 billion in 2024 and will reach US $35.52 billion by 2030 – Statista.

The United Kingdom

  • The Great Britain has twice the number of AI-powered companies than any European country and AI contributed GBP 3.7 billion to the economy in 2022 – UK.Gov
  • The number of AI-powered UK companies has increased by more than 600% in the past 10 years – Great Gov UK.
  • The UK AI market is worth over GBP 16.8 billion according to the US International Trade Administration and is likely to cross GBP 801 billion by 2035 – Trade.Gov.
  • The UK aims to have self-driving vehicles on its road by 2025 with GBP 100 million worth of government funding – Forbes.
  • Since 2014, the UK government has allocated more than GBP 2.3 billion in various AI initiatives – Gov.UK.

Australia

  • The AI market in Australia is likely to reach US $3.22 billion in 2024 and is anticipated to cross US $14 billion by 2030 with a CAGR of 28.55% – Statista.

Germany

  • In Germany, 13.3% of companies are currently using artificial intelligence (AI), and 9.2% are planning to use it. A further 36.7% of all companies surveyed are discussing potential use cases – IFO Institute.

France

  • The market size of AI in France is US $5.3 billion in 2024 and is likely to grow at a CAGR of 28.44% resulting in US $23.88 billion by 2030 – Statista.

South Korea

  • At a CAGR of 27.5% between 2022 and 2032, the AI market in South Korea will reach to US $20.7 billion in 2030 from US $1.83 billion in 2022 – Spherical Insights.

South Africa

  • The South African market for Artificial Intelligence technology is worth just under US $1 billion in 2024 and is likely to grow at a CAGR of 28.22% reaching US $4 billion by 2030 – Statista.

Singapore

  • Singapore AI market size was estimated around US $1 billion in 2024 and is likely to cross the mark of US $4.5 billion by 2030 with a CAGR of 28.10% – Statista.

Taiwan

  • The Taiwan market for AI has been projected to cross US $1.5 billion in 2024 and is expected to reach US $6.57 billion by 2030 with a CAGR of 28.49% – Statista.

Malaysia

  • In Malysia, the Generative AI market is projected to reach nearly US $180 million in 2024, and with the pace of CAGR 46.8%, the 2030 market in Malaysia for Generative AI will cross US $1773 million – Statista.

AI Stats in Workplaces

The rise of AI is bringing a revolutionary shift in workplaces worldwide. Whether an SME or a large-scale enterprise, almost all companies are harnessing the accuracy, pace, and intelligence of the technologies and tools to automate their business processes and operations. Here is the breakdown of AI in workplaces –

Efficiency and Productivity Boost

Artificial Intelligence can help automate repetitive tasks and thus it can free up human employees for more high-weighing tasks. It can streamline workflow in all industry sectors from data entry to supply chain to finance analysis and customer care.

Accuracy in Data-Driven Decision

Various AI models and algorithms can churn huge amounts of data to uncover hidden trends and patterns that even the sharpest human eyes miss. This helps enterprises to make data-driven decisions and optimize processes while predicting consumer behavior and providing necessary resources in the right amount and at the right time.

Enhancement in Employee Skills

AI is a valuable tool that offers customized learning curves and real-time feedback. In addition, the human-AI collaboration makes the workforce of the company use the best of AI features and functionalities to enhance their skills, creativity, and accuracy.

Here are some of the impressive stats about AI at workplaces:

  • Generative AI like ChatGPT has improved employees’ performance by 66% in companies – NNG.
  • More than 75% of digital marketers now use Artificial Intelligence tools for their professional tasks – Authority Hacker.
  • Most people surveyed expect tasks to take less time with Artificial Intelligence tools in the next 3-5 years. This means that AI will improve the efficiency of time usage – Statista.
  • For their skill shortage, 22% of companies adopt Artificial Intelligence solutions – IBM.
  • Internally, 65% of companies use Artificial Intelligence while 74% are testing it to adopt it – Deloitte.
  • Companies opine that 34% of all business-oriented tasks today are done by intelligent machines – World Economic Forum.
  • Businesses can expect a 6–10% increase in revenue by adopting Artificial Intelligence tools and solutions – Statista.
  • The retail industry is highly penetrated by AI with more than 70% of retailers using Artificial Intelligence tools – Authority Hacker.
  • Close to 80% of corporate strategists opined that AI could be critical to their success in coming times – Gartner.
  • According to 9 out of 10 organizations, AI provides them with a competitive edge over rivals – MIT Sloan Management.
  • The autonomous and sensor technology market is a subsect of AI which grew US $20 billion in 2023. This industry is now expected to grow close to US $60 billion by the end of 2030 – Statista.
  • Nearly 17 out of 20 CEOs agreed that AI is the mainstream technologies in their companies – PwC.
  • By 2030, 10% of nursing staff will be automated and powered by AI – Authority Hacker.
  • Close to 50% of all businesses use some or the other form of ML, AI, or data analysis – O’Reilly.
  • AI-assisted customer service will serve 19 out of 20 customers in interactions by 2025 – AI Business.
  • AI algorithms increase leads by as much as 50% in businesses – Harvard Business Review.
  • Netflix saves nearly US $1 billion through Machine Learning algorithms and models – Authority Hacker.

AI Stats – Industry, Domain, and Department specific

AI software tools and systems are weaving themselves into the fabric of all departments, domains, and verticals globally. From aiding a complex medical diagnosis to customizing the shopping experience to responding customers with human-like answers, AI is ruling everywhere and is transforming all business operations and processes like never before.

Today, AI assistants can analyze mountains of data to carry out precise decisions or automatize repetitive jobs to free up human hours for more creative initiatives. Also, the legal sector is leveraging AI tools to sift through piles of documents while the transportation and logistics is now ready for driver-less vehicles and drones.

This is all beginning, and we are on the verge of unveiling the biggest potential of Artificial Intelligence across the industries, domains, and departments.

Here is the list of AI stats specific to an industry and segment:

  • The AI in the retail market has penetrated successfully. The retail industry is likely to grow with a CAGR of 30% between 2023 and 2030 – Global Market Insights.
  • More than 30% of financial service companies use AI in their product development – Statista.
  • Close to 80% of devices in use features some or the other form of Artificial Intelligence – Authority Hacker.
  • The market size of the NLP market grew beyond US $23 billion in 2023 – Statista.
  • The use of AI in the automation industry has increased and will increase threefold in the coming times – Statista.
  • More than 50% of telephone companies use Artificial Intelligence backed chatbots for their customers – Authority Hacker.
  • In the security domain, the market size of AI was US $21 billion in 2023 which is likely to reach US $50 billion by 2028 – Mordor Intelligence.
  • The wearable devices are going to rule in the future and the AI penetration in this sector will touch US $230 billion in 2033 from mere US $20 billion in 2023 – Fact MR.
  • Around 14% of business leaders opine that they use generative AI in sales and marketing – McKinsey.
  • AI technology is likely to increase banking industry revenue by US $1 billion in the next few years – Authority Hacker.
  • Close to 20% of marketing professionals allocate more than 40% of their marketing budget on campaigns suggested by AI – Influencer Marketing Hub.
  • The global AI robotics market size crossed US $19 billion in 2024 which was a nearly 30% growth compared to the previous year. Experts expect that by the end of the decade (2030), it is likely to surpass US $35 billion – Statista.
  • It is highly essential to adopt the market automation to acquire and retain customers believe 67% of marketers – Mailchimp.
  • Companies that offer voice–activated assistants are preferred by more than 60% of voice search users – Authority Hacker.
  • Just under 90% of marketers accept that they need to enhance the use of automation and AI to satiate the present market and customer needs – Mailchimp.
  • There will be close to 8.5 billion digital voice assistants in use globally outnumbering the total population on the Earth – Authority Hacker.
  • Self-driving vehicles powered by Artificial Intelligence gross more than US $170 billion annually all over the world – MarketWatch.
  • The banking industry revenue, with the help of AI, is likely to increase by US $1 billion in the couple of years – Accenture.
  • The manufacturing industry is likely to generate US $3.78 trillion from AI by 2035 – Accenture.
  • An impressive 97% of mobile users utilize AI powered voice assistants one or the other way – Authority Hacker.
  • The AI telecommunication market all over the world is worth US $2.5 billion – Markets & Markets.
  • More than 4 billion voice assistants are in use – BusinessWire.
  • Around 26% of B2B marketers use chatbots and reported a 10–20% hike in lead generation for increased sales – Authority Hacker.

AI Stats for the Future & Forecasts

The future of AI is a tale that is not yet fully explored. Artificial Intelligence seems to be an ever-evolving field with no end; nevertheless, forecasts paint a picture of enormous growth. The global market is likely to balloon in value as AI experts suggest a 13-fold increase in the coming 7 years.

The future of AI is undoubtedly expected to transform the job market, industries, sales and services, and grow some roles of extremely new specialties. The economic impact of AI in the future will be substantial, injecting trillions of dollars into the global economy.

AI tools and resources will become more accessible

  • The AI market in the retail industry is likely to grow at a compound annual growth rate of 30% between 2023 and 2030 – Global Market Insights.
  • Generative AI is likely to lead to 0.1% to 0.6% annual growth in labor productivity by 2040 – McKinsey.
  • AI is expected to drive a 7% increase in worldwide GDP – Goldman Sachs.
  • In 2023, the size of AI in manufacturing in global market accounted for US $5 billion which is likely to touch US $68 billion by 2032 – Precedence Research.
  • Generative AI is likely to automate activities up to 30% of hours of currently worked across the US economy by 2030 – McKinsey.
  • The global investment in AI would reach US $200 billion by 2025 – Goldman Sachs.
  • The global AI chip market will surpass the mark of US $120 billion by 2027 – Statista.
  • AI software solutions revenues worldwide will reach US $100 billion by 2025 – Omdia.
  • The AI market worldwide will reach US $1.81 trillion by 2030 – GrandView Research.
  • The market for Natural Language Processing is further expected to grow, in line with all other AI markets. It is likely to cross US $ 60 billion by 2030 – Statista.

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