Today, Artificial Intelligence is one of the most trending topics around the world. Whether it be chatbots, voice assistants, financial services, healthcare, etc AI is everywhere. AI is basically a machine creation that is developed to replicate human behavior and fulfill human tasks.
In this article, we are going to provide an insightful overview of Artificial Intelligence Statistics, and talk about various key statistics of AI, Integration of AI in startups and enterprises, Global AI Market Size, and much more. So, let’s get started.
Artificial Intelligence (AI) Key Statistics
- The Global market size of Artificial Intelligence (AI) was valued at USD 136.55 billion in 2022.
- The market size of Artificial Intelligence is projected to increase at a compound annual growth rate (CAGR) of 37.3% between 2023 to 2030.
- 35% of businesses and companies are utilizing the benefits of Artificial Intelligence.
- Around 42% of companies are exploring the advantages of AI for implementation in the future.
- AI can increase the productivity of a business or enterprise by 40%.
- The Global AI market is expected to reach a value of $1.35 trillion by 2030.
- About 97 million individuals will be working in the AI space by 2025.
- AI is considered a top priority in business plans by 85% of companies.
- The Global GDP will grow by $15.7 trillion by 2030.
- 38% of consumers globally prefer to utilize chatbots.
Approximately, 77% of organizations are today utilizing Artificial Intelligence
Artificial Intelligence is witnessing a huge demand among organizations and businesses. Apparently, today 35% of organizations are already utilizing AI for performing various tasks and assignments. While 42% of companies and businesses are exploring the benefits of AI for implementation in the near future.
Implementing AI can provide numerous advantages such as higher accuracy, productivity, and efficiency helping employees to focus more on complex issues. Here we have mentioned a table displaying the total percentage of companies using and exploring AI between 2020 to 2022:
|% Companies using AI
|% Companies Exploring AI
Global Artificial Intelligence Market Size (2021-2030)
The Global Artificial intelligence Market Size was valued at USD 95.60 billion in 2021. It is predicted that the AI market size is expected to witness huge growth in the coming years with the capability of reaching 1,847.58 billion in 2030.
|Market Size (in billion U.S Dollars)
The Global AI Software Market’s Annual Revenue (2019 to 2025)
By 2025, Artificial Intelligence software revenues alone will reach around $100 billion globally.
AI Adoption: Artificial Intelligence Growth
270% Growth in the number of businesses using Artificial intelligence services from 2015 to 2019
The number of businesses implementing AI technologies to enhance their business has grown up to 270% between 2015 to 2019. Surprisingly in 2015, only 10% of organizations have used or planned on adopting AI in the future. By 2019, the figure will witness a growth of 37%.
4 in 10 organizations or companies are planning on using AI in their businesses
A survey was conducted by Adobe, in which around 39% of large organizations have stated they are planning on implementing AI technology to improve their services.
47% of Enterprises have established AI strategies for smartphones
One of the most impactful artificial intelligence statistics from 2018 states that every organization owner needs to be aware. As a part of marketing efforts, 47% of the most sophisticated businesses have implemented AI into their mobile applications, and 84% use a personalized approach.
Revenue of AI services will increase by 6x in the space of five years
Artificial intelligence is being highly utilized by companies all around the world. The revenue of AI services is expected to witness growth each year and is expected to reach $126 billion annual revenue by 2025.
Organizations with 100,000 employees have a higher chance of utilizing AI in their business approach
According to a few AI statistics published by the MIT Sloan Management Review, three-quarters of executives believe that the implementation of AI can be beneficial for the growth of the company. Many also believe adding AI technology can help provide a competitive edge to the organization.
The Total number of AI startups has witnessed an increase of up to 14 times
Implementation of AI in various startups and enterprises has created a huge momentum in the last few years. According to Forbes data, 14 times more AI companies have been launched in the last two decades. While the investments in AI startups have increased overall by six times.
The wearable Artificial Intelligence (AI) market is expected to witness a huge rise and reach $180 billion by 2025
According to Global market insights, the wearable AI market will witness a robust growth rate due to rising consumer focus on fitness and health monitoring. The success of popular wearable products such as Apple Watch and Fitbits plays a huge role in boosting the demand for wearable AI tools in the market.
AI technology is likely to enhance revenue by more than $15 trillion by the next decade
Few estimates have suggested that AI technology is likely to generate around $15.7 trillion in revenue by 2030. AI can transform the productivity and GDP potential of the global economy. The GDP of local economies is expected to witness a boost by an extra 26%.
AI’s Impact on The Retail Industry
By 2028, the Global AI in the Retail Market is expected to be valued at around $31.18 billion
Artificial Intelligence in the Retail market was valued at $4.84 billion in 2021. The impact of AI in Retail is expected to increase by a CAGR of 30.5% between 2021 to 2028 and value around $31.18 billion by 2028.
73% of Retailers had planned to integrate AI to determine its pricing in 2021
AI in retail statistics has shown that around 3/4 of retailers are likely to utilize Artificial intelligence technology to optimize their prices. Without AI, it is difficult for sellers to understand when to increase costs.
Voice Search and Artificial Intelligence Statistics
Around 97% of smartphone users are utilizing voice assistants which are powered by Artificial Intelligence technology
Voice assistants are huge in smartphones as they help complete users’ tasks using simple voice commands and enhance users’ overall experience. According to a study by IDAP, there is only 2% of iPhone users and 4% of Android owners have never utilized voice assistants whether it be Apple’s Siri or Google Assistant.
More than 4 billion devices already work on AI-powered voice assistants
Over 4 Billion devices have been utilized on AI-powered voice assistant
In 2020, around 4.2 billion voice assistants were being utilized in various devices globally allowing users to fulfill their tasks by providing simple voice commands. While the forecast suggests that by 2024, digital voice assistants will witness a huge rise and will reach around 8.4 billion units.
Nearly Half of the American population have utilized digital voice assistant
According to Pew Research conducted in 2017, a total of 46% of Americans are utilizing the benefits of Digital assistants to engage with their smartphones.
41% of adults use voice search at least once every day
Voice search technology has witnessed excellent growth over the years. According to current statistics around 41% of adults utilize voice search at least once a day. It is also estimated that in 2020, half of smartphone users utilized voice assistants on their devices.
AI Replacing Jobs and Employment
AI is likely to replace 30% of the human workforce by 2030 globally
Various experts have predicted that the adoption of automation in companies has a chance of resulting in job losses in the future. The labor force in 2030 is likely to be reduced by 1/4 compared to 2017.
By 2030 around 375 million individuals will have switched careers
Based on AI technology statistics, Robotics is likely to replace more than 800 million jobs globally, impacting around 30% of occupations extinct. With such a drastic shift around 400 million individuals are expected to change or switch to new careers by 2030.
There is clearly no doubt that the Artificial Intelligence market contains a successful and bright future with high market value. Today, AI plays a crucial part in both the present and future with numerous industries implementing AI technology such as Retail Industry, Manufacturing, Voice Assistant, Navigation, and much more.
With time, more and more businesses are likely to integrate AI into the companies which can help perform various tasks with improved accuracy, efficiency, and productivity.
For detailed insights into the growing field of conversational AI, take a look at our article on Chatbot Statistics.