The Latest Ai In The Global Industry Statistics Explained
The global artificial intelligence market size was valued at USD 62.35 billion in 2020.
The statistic indicates that in the year 2020, the global artificial intelligence market had reached a value of USD 62.35 billion. This measurement represents the total revenue generated by the artificial intelligence industry worldwide during that specific year. The market size serves as a key indicator of the scale and significance of artificial intelligence technology in various sectors such as healthcare, finance, retail, and more. The substantial value of the market reflects the growing adoption of AI solutions by businesses and organizations to improve efficiency, decision-making processes, and customer experiences. This statistic highlights the rapid expansion and potential of the artificial intelligence market on a global scale.
The AI Industry in North America constituted over 40% market share in 2019.
The statistic highlights that the artificial intelligence (AI) industry in North America held a significant market share of over 40% in 2019 when compared to the global market. This indicates that North America, which includes the United States and Canada as major players in the AI industry, was a dominant force in the development and adoption of AI technologies during that year. The high market share suggests that North American companies and institutions were leading the way in AI research, innovation, and commercialization, making the region a key player in shaping the future of the global AI landscape.
The global AI market in the automotive industry is forecasted to grow to around 12 billion U.S. dollars by 2025.
The statistic indicates that the global artificial intelligence (AI) market within the automotive industry is projected to experience significant growth, reaching a value of approximately $12 billion by the year 2025. This forecast suggests a substantial expansion in the adoption and implementation of AI technologies within the automotive sector over the coming years, reflecting the increasing emphasis on advanced technologies to enhance vehicle functionalities, efficiency, and safety. The growth in the AI market within the automotive industry may be driven by factors such as the rising demand for connected and autonomous vehicles, the development of AI-powered applications for improved driver assistance systems, and advancements in AI technologies for vehicle manufacturing and maintenance. As a result, this forecast highlights the growing importance of AI innovation and integration within the automotive industry, paving the way for enhanced capabilities and transformations in the future mobility landscape.
By 2025, the global AI software market is expected to reach a staggering 126 billion US dollars.
The statistic highlights the projected growth and significance of the global artificial intelligence (AI) software market, with an expected value of $126 billion by 2025. This indicates a substantial increase in the demand and adoption of AI technologies across various industries, driven by advancements in machine learning, deep learning, and automation capabilities. The substantial size of the market underscores the widespread integration of AI software in businesses worldwide, leading to enhanced efficiencies, productivity, and innovation. As AI continues to evolve and disrupt traditional processes, the forecasted value signifies the profound impact and transformative potential of AI in shaping the future economy and society.
Approximately 77% of the devices we use are currently using AI technology.
The statistic that approximately 77% of the devices we use are currently using AI technology suggests a pervasive integration of artificial intelligence within everyday gadgets and technologies. This high adoption rate signifies a significant shift in how devices operate and interact with users, as AI technology enables devices to automate tasks, make decisions, or provide personalized recommendations. The widespread deployment of AI across various devices reflects the increasing emphasis on leveraging machine learning and data analysis capabilities to enhance user experiences and streamline operations in diverse industries, ranging from smartphones and smart home devices to automotive systems and healthcare technologies. This statistic indicates the growing reliance on AI to deliver smarter, more efficient, and innovative solutions that shape our modern digital landscape.
63% of businesses say AI is helping them get ahead of their competitors.
The statistic ‘63% of businesses say AI is helping them get ahead of their competitors’ indicates that a significant majority of surveyed businesses believe that leveraging artificial intelligence (AI) technology provides them with a competitive advantage. This suggests that AI is seen as a valuable tool that enables businesses to enhance their operations, make data-driven decisions, improve efficiency, and gain insights that give them a leg up over their industry rivals. The finding implies that AI adoption is perceived as crucial for staying competitive in the rapidly evolving business landscape, where advanced technologies play a key role in driving innovation and success.
34% of executives say AI has resulted in business model change in their industry.
The statistic “34% of executives say AI has resulted in business model change in their industry” indicates that a significant portion of executive-level individuals in various industries acknowledge the impact of Artificial intelligence (AI) on their businesses. This suggests that AI technologies are playing a transformative role in reshaping traditional business models, leading to adaptations and innovations within different sectors. The statistic highlights the growing recognition among decision-makers of the profound influence AI is having on how companies operate, compete, and create value, demonstrating the need for organizations to adapt and capitalize on the opportunities presented by AI-driven changes in order to remain competitive in today’s rapidly evolving marketplace.
The healthcare artificial intelligence market was valued at USD 2.5 billion in 2018 and is expected to reach a value of USD 28.1 billion by 2025.
The statistic indicates that the healthcare artificial intelligence market had a value of USD 2.5 billion in 2018 and is projected to grow significantly, reaching a value of USD 28.1 billion by 2025. This represents a substantial growth rate over the forecast period, highlighting the increasing adoption and utilization of artificial intelligence technology in the healthcare industry. Factors driving this growth may include advancements in AI technology, the need for more efficient healthcare solutions, and the potential benefits of AI in areas such as diagnostics, personalized medicine, and data analysis. The substantial increase in market value underscores the expanding role of artificial intelligence in revolutionizing healthcare delivery and improving patient outcomes.
Global spending on cognitive and AI systems will reach 57.6 billion dollars by 2021.
The statistic indicates that worldwide expenditure on cognitive and artificial intelligence (AI) systems is projected to increase to 57.6 billion dollars by the year 2021. This substantial growth reflects the increasing interest and investment in advanced technologies that mimic human cognitive functions and improve decision-making processes across various industries. Businesses are increasingly adopting AI systems to enhance efficiency, optimize operations, and gain competitive advantages in the rapidly evolving digital economy. The significant financial commitment to cognitive and AI systems demonstrates the perceived value and potential benefits of these technologies in driving innovation and transformation on a global scale.
By 2025, as many as 95 percent of all customer interactions will be through channels supported by artificial intelligence technology.
The statistic suggests a significant shift towards utilizing artificial intelligence technology in customer interactions by the year 2025, projecting that up to 95 percent of all customer interactions will be facilitated through channels supported by AI. This indicates a growing reliance on AI-driven tools such as chatbots, virtual assistants, and automated systems to manage customer queries, provide support, and enhance overall customer experience. The trend reflects companies’ increasing adoption of AI technology to streamline customer service processes, improve efficiency, and cater to evolving consumer preferences for quick, personalized, and round-the-clock interaction. As businesses continue to invest in AI capabilities, the statistic underscores the transformative impact of technology on reshaping customer engagement strategies across industries.
AI can increase business productivity by 40%.
The statistic “AI can increase business productivity by 40%” suggests that businesses utilizing artificial intelligence technologies may experience a significant improvement in their overall productivity levels. This data implies that by integrating AI into various business processes, organizations could potentially achieve a 40% boost in efficiency, output, and profitability. AI can automate routine tasks, provide valuable insights through data analytics, enhance decision-making processes, and streamline operations, thereby enabling companies to optimize their resources and achieve higher levels of productivity. This statistic underscores the transformative potential of AI in driving business success and competitive advantage through increased operational efficiency and effectiveness.
AI implementation grew by 270% from 2015 to 2019.
The statistic “AI implementation grew by 270% from 2015 to 2019” indicates that the adoption and integration of artificial intelligence (AI) technology increased significantly over the four-year period. The 270% growth suggests that the use of AI went through a substantial expansion, more than tripling in prevalence. This rapid growth reflects the increasing recognition of the value and benefits of AI across various industries and applications during this time frame. Organizations leveraging AI technology have likely experienced improvements in efficiency, productivity, and innovation as a result of incorporating AI solutions into their operations.
AI could add $15.7 trillion to the global economy by 2030.
This statistic suggests that the integration and widespread adoption of artificial intelligence (AI) technologies across various industries and sectors could lead to a significant increase in global economic output, estimated at $15.7 trillion by the year 2030. This potential economic impact arises from the efficiency gains, productivity improvements, cost savings, and innovative opportunities that AI can provide to businesses and economies worldwide. The forecasted substantial economic contribution of AI highlights its transformative power and underscores the importance of harnessing these capabilities for future growth and prosperity on a global scale.
The AI market in supply chain management is expected to reach $10 billion by 2025.
This statistic indicates the projected growth and size of the artificial intelligence (AI) market specifically within the field of supply chain management. The statement suggests that the market for AI technologies aimed at optimizing supply chain processes is anticipated to expand significantly over the next few years, reaching a total value of $10 billion by the year 2025. This projection reflects the increasing adoption of AI-driven solutions within supply chain management to enhance efficiency, streamline operations, and improve decision-making processes. The substantial market size forecasted underscores the perceived value and potential impact of AI applications in transforming supply chain operations and driving innovation in the industry.
According to the World Intellectual Property Organization, IBM holds by far the largest AI patent portfolio.
The statistic that “IBM holds by far the largest AI patent portfolio, according to the World Intellectual Property Organization” indicates that IBM has secured the most patents related to artificial intelligence compared to other companies. This suggests that IBM is a leader in innovation and investment in AI technologies, as patents are a critical measure of intellectual property and innovation within a particular industry. By holding a significant number of AI patents, IBM not only demonstrates its commitment to advancing AI research and development but also establishes a strong position in the competitive landscape of the AI market, potentially giving the company a competitive advantage in the field of artificial intelligence.
Conclusion
The statistics highlighted in this blog post underscore the growing impact of AI on the global industry. As businesses increasingly adopt AI technologies to streamline operations, enhance decision-making processes, and drive innovation, it is evident that AI is reshaping the landscape of various industries. With the continued advancements in AI capabilities and the proliferation of AI applications across sectors, the future holds immense potential for further transformation and growth driven by artificial intelligence. It is crucial for businesses to stay abreast of these trends and leverage AI effectively to stay competitive in an increasingly digital world.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.statista.com
2. – https://www.www.narrativescience.com
3. – https://www.www.mckinsey.com
4. – https://www.www.mordorintelligence.com
5. – https://www.www.ibm.com
6. – https://www.www.wipo.int
7. – https://www.www.accenture.com
8. – https://www.www.transparencymarketresearch.com
9. – https://www.www.idc.com
10. – https://www.www.pwc.com
11. – https://www.www.forbes.com
