The global artificial intelligence market size is estimated at $269 billion in 2024 and is projected to grow at a CAGR of 36.6% to reach $1.7 trillion in 2030 , fueled by investments from strategic 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 significantly enhanced the quality of images, videos, and text, transforming the content creation process within the marketing industry. • Increased M&A Activity: AI-focused M&A deals have seen substantial growth in recent years, fueled by the rising demand for technologies like automation and data analysis. Businesses are acquiring AI capabilities to improve operations, cut costs, and stay competitive. This trend is not limited to technology firms; advisory and service companies are also adopting AI to streamline processes and boost accuracy.
1,277
935
685
501
367
269
2024E 2025F 2026F 2027F 2028F 2029F 2030F
Source: Grand View Research
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