The global artificial intelligence market size was estimated at $197 billion in 2023 and is projected to grow at a CAGR of 36.6% to reach $1,745 billion in 2030 , fueled by investments from various tech large cap corporations as well as financial and sovereign investments. Robust AI Market Growth
(In billions of USD) AI Industry Market Size
1,745
Growing Market
• Machine and Deep Learning: The increased use of deep learning and machine learning technologies has optimized data analytics, allowing computers to more accurately identify trends and make predictions. • Generative-AI: Generative AI has improved the quality of images, video, and text, disrupting the content creation process for the marketing industry. We expect generative AI to expand into other industries, such as healthcare, financial services and retail, to continue driving market growth. • Increased Productivity: AI will continue to serve as a tool that increases productivity in schools, universities, and the workforce. For example, AI writing assistants allow humans to synthesize data and organize information. This ongoing collaboration between machines and humans will continue to enhance productivity globally.
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