GITNUX MARKETDATA REPORT 2024

Enterprise AI Industry Statistics

The Enterprise Ai Industry is projected to grow at a rate of approximately 42.8% annually from 2020 to 2027, reaching a market size of over $300 billion by the end of the forecast period.

Statistic 1

"By 2025, the global enterprise AI market is projected to reach $51.08 billion, up from $4.68 billion in 2018."

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Statistic 2

"The Compound Annual Growth Rate (CAGR) of the Enterprise AI market is expected to be 31.3% during the 2020-2027 forecast period."

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Statistic 3

"In 2020, 79% of enterprises leveraging AI and machine learning said the technologies are becoming a core part of their business."

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Statistic 4

"In 2019, the global Enterprise AI market size was valued at $4.68 billion."

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Statistic 5

"Technology, media, and telecommunications industries are projected to account for around 33% of the total AI market in 2021."

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Statistic 6

"Retail, banking, and healthcare are expected to be the most invest in AI systems."

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Statistic 7

"In 2021, 50% of businesses spend more per year on AI powered chatbot development than mobile app development."

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Statistic 8

"The enterprise software market, which includes AI, is projected to generate $575 billion in revenue in 2021."

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Statistic 9

"By 2025, 4 out of 5 business processes and products would have been reinvented, changed, or augmented with AI."

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Statistic 10

"The global AI software market is estimated to grow drastically, from 22.6 billion U.S. dollars in 2020 to 126 billion by 2025."

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Statistic 11

"By 2023, it is expected that 60% of organizations will deploy AI multiple use cases, up from 18% in 2019."

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Statistic 12

"Enterprise AI technology is most prevalent in North America, with a market share of 42.10% in 2020."

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Statistic 13

"The enterprise data lake, where data on AI would be stored, is expected to grow to 1.8 zettabytes by 2025, up from 163 exabytes in 2016."

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Statistic 14

"Investment into AI startups globally increased from $1.3 billion in 2010 to over $40.5 billion in 2018."

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