Artificial intelligence is shaping the present as we know it, giving us a very exciting future to look forward to.
Futurists predict that artificial intelligence (AI) will play a pivotal role in providing solutions to our most significant global challenges, including eradicating disease and mitigating the impacts of climate change.
In addition, AI has various uses in business.
For starters, AI investing software can predict which stocks will give the best returns.
Artificial intelligence recruitment software can sort through and categorize CVs and resumes, making the hiring process run more smoothly.
In a market that is several years away from reaching saturation, it’s time to prepare for the coming AI revolution.
In this article, I will go through the latest list of artificial intelligence statistics and break down the numbers for the global market, sales, and marketing-related stats, and even the use of AI for voice-related queries.
If you want to understand the AI market, where it’s heading in the future, and how Big Data is driving the industry forward, these statistics will help you immensely.
Let’s get right into it.
Statistics About The Global AI Market
1. By 2030, AI will have contributed $15.7 trillion to the worldwide economy.
(World Economic Forum)
AI will help the global economy grow significantly over the coming years.
According to the World Economic Forum, almost $16 trillion will be added to the global economy by 2030, thanks to artificial intelligence.
With various exciting AI advancements and technologies, such as virtual assistants and autonomous cars, it’s unsurprising to see why AI will increase our GDP.
2. AI’s CAGR (compound annual growth rate) between 2020 and 2027 is estimated to be 33.2%.
(Fortune Business Insights)
AI will be one of the most significant growth sectors in the next few years.
According to Fortune Business Insights, between 2020 and 2027, AI is set to increase year after year at a rate of 33.2 percent.
The future is bright for AI, and those willing to jump on the bandwagon now will benefit from this trend in the coming years.
This also means that investors that get in early will likely see the most significant returns.
3. North America will have the largest AI market share.
(Fortune Business Insights)
It might not come as a surprise to hear that North America will have the largest share in the AI market.
Several factors contribute to this, including government funding and research centered around AI conducted in universities.
In addition, North America has a booming tech industry, which attracts some of the best minds in the AI research field.
