AI Market Overview by Region
Regions that gain the most from AI
North America
Northern Europe
U.S. AI Market Trends The U.S. AI market, valued at $42 billion in 2023, has made significant strides in the field of AI and robotics. North America captured 30.9% of the revenue share in 2023, driven by supportive government policies. These initiatives include investments in AI research, the creation of specialized institutes, and the application of AI in critical sectors such as public safety, transportation, and healthcare. Europe AI Market Trends Europe's AI market is growing rapidly, with a projected 33.2% CAGR from 2024 to 2030. The UK, capturing 24.8% of Europe's AI revenue, spearheads digital adoption in industries like finance and healthcare. Germany and France are also witnessing substantial AI growth, fueled by government initiatives and increased R&D investments. Asia Pacific & MEA AI Market Trends APAC made up 25.6% of global AI revenue in 2023, with China and India leading in AI applications. China’s AI market is expected to grow at 43.5% CAGR due to the implementation of AI applications, such as robotics and virtual assistants in various end-use industries. The Middle East and Africa's AI market is set to reach $166.33 billion by 2030, driven by AI language processing and initiatives like Saudi Arabia's Saudi Data and AI Authority(SDAIA).
9.9% of GDP ($1.8 Trillion)
14.5% of GDP ($3.7 Trillion)
China
Southern Europe
26.1% of GDP ($7.0 Trillion)
11.5% of GDP ($0.8 Trillion)
Developed Asia
Latin America
10.4% of GDP ($0.9 Trillion)
5.4% of GDP ($0.5 Trillion)
Rest of the World
5.6% of GDP ($1.2 Trillion)
Source: Grand View Research, Statista, and PWC Analysis
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