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&nbsp;by Josh Howarth - January 27, 2022
<h3 id="top-10-ai-stats" style="text-align: center;">Top 10 AI Statistics (Editor's Picks)</h3>
<ol>
<li>The global artificial intelligence market size will grow from $93.53 billion in 2021 to $997.77 billion in 2028.</li>
<li>The U.S. artificial intelligence market size forecast in 2026 is $299.64 billion.</li>
<li>The artificial intelligence market size will expand at a Compound Annual Growth Rate (CAGR) of 40.2% from 2021 to 2028.</li>
<li>By 2025, AI trends forecast that 97 million people will be needed to work in the industry.</li>
<li>Statistics predict that the artificial intelligence market size will continue growing by at least 120% annually.</li>
<li>83% of companies share that having access to AI is a top priority in their business plans.</li>
<li>One of the top market players, Netflix, uses automated personalized recommendations to make $1 billion annually.</li>
<li>48% of businesses use deep learning, machine learning, natural language processing, and data analysis to utilize big data effectively.</li>
<li>38% of medical providers in the healthcare industry use computers as their diagnosis assistants.</li>
<li>Marketing and sales departments prioritize global artificial intelligence and machine learning for market revenue success 40% more than other industry departments.</li>
</ol>
<h3 id="ai-market-size" style="text-align: center;">Artificial Intelligence Market Size</h3>
<h4>AI Global Market Size Today</h4>
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).
&nbsp;
Use case frequency of machine learning and artificial intelligence 2020-2021
&nbsp;
<table>
<tbody>
<tr>
<td style="text-align: center;">Use case</td>
<td>
2021
</td>
<td>
2020
</td>
</tr>
<tr>
<td>Generating customer insights/intelligence</td>
<td>
50%
</td>
<td>
37%
</td>
</tr>
<tr>
<td>Improving customer experience</td>
<td>
57%
</td>
<td>
34%
</td>
</tr>
<tr>
<td>Retaining customers</td>
<td>
31%
</td>
<td>
29%
</td>
</tr>
<tr>
<td>Interacting with customers</td>
<td>
48%
</td>
<td>
28%
</td>
</tr>
<tr>
<td>Recommender systems</td>
<td>
27%
</td>
<td>
27%
</td>
</tr>
<tr>
<td>Detecting fraud</td>
<td>
46%
</td>
<td>
27%
</td>
</tr>
<tr>
<td>Reducing customer churn</td>
<td>
22%
</td>
<td>
26%
</td>
</tr>
<tr>
<td>Acquiring new customers</td>
<td>
34%
</td>
<td>
26%
</td>
</tr>
<tr>
<td>Increasing customer loyalty</td>
<td>
40%
</td>
<td>
20%
</td>
</tr>
<tr>
<td>Increasing long-term customer engagement</td>
<td>
44%
</td>
<td>
19%
</td>
</tr>
<tr>
<td>Building brand awareness</td>
<td>
31%
</td>
<td>
14%
</td>
</tr>
<tr>
<td>Other</td>
<td>
1%
</td>
<td>
15%
</td>
</tr>
</tbody>
</table>

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