AI Market Size and Growth

 by Josh Howarth - January 27, 2022

Top 10 AI Statistics (Editor's Picks)

1. The global artificial intelligence market size will grow from $93.53 billion in 2021 to $997.77 billion in 2028.
2. The U.S. artificial intelligence market size forecast in 2026 is $299.64 billion.
3. The artificial intelligence market size will expand at a Compound Annual Growth Rate (CAGR) of 40.2% from 2021 to 2028.
4. By 2025, AI trends forecast that 97 million people will be needed to work in the industry.
5. Statistics predict that the artificial intelligence market size will continue growing by at least 120% annually.
6. 83% of companies share that having access to AI is a top priority in their business plans.
7. One of the top market players, Netflix, uses automated personalized recommendations to make $1 billion annually.
8. 48% of businesses use deep learning, machine learning, natural language processing, and data analysis to utilize big data effectively.
9. 38% of medical providers in the healthcare industry use computers as their diagnosis assistants.
10. Marketing and sales departments prioritize global artificial intelligence and machine learning for market revenue success 40% more than other industry departments.

Artificial Intelligence Market Size

AI Global Market Size Today

You can expect the global artificial intelligence market size to grow from $93.53 billion in 2021 to $997.77 billion by 2028. For the forecast period of 2021-2028, the AI market size is expected to increase by 40.2% (CAGR).

Use case frequency of machine learning and artificial intelligence 2020-2021