The Top AI Statistics of 2023 : A Glimpse into the Future of Artificial Intelligence

Do you find Alexa, computerized chatbots, and robots interesting? If they do, you should be aware that they are all based on artificial intelligence (AI) technology. 

Artificial Intelligence is one of the fastest-growing technologies in the world and has transformed how we live. Artificial intelligence (AI) is a subfield of computer science that was created using computer systems with the ability to mimic human behavior. In order to complete everyday chores, we are depending on them more and more.

Here are some statistics on artificial intelligence to help you understand how it will be used in 2023.

Top AI Statistics In 2023

The value of the global AI market is $136.6 billion in recent years:

The value of the worldwide AI market as of 2022, the most recent data available, is $136.6 billion. This is mainly because there are more and more real-world applications for AI technology, such as in self-driving cars and content creation.

Over $55 billion was spent on AI globally in 2021:

AI investment has expanded across a wide range of businesses as AI technology advances and becomes more publicly available. Hence global investment in AI services reached $57.6 billion in 2021.

Nine out of ten businesses support AI to offer them an advantage over competitors:

According to a survey, 87% of multinational corporations think AI technology will give them a competitive advantage. 

The CAGR for the global AI market is approximately 40%:

It's doubtful that AI's recent rapid progress will slow down any time soon. In fact, between 2022 and 2030, enterprises are expected to deploy AI globally at a CAGR of 38.1%.

The number of businesses using AI services increased by 270% between 2015 and 2019:

Only 10% of firms in 2015 either already used AI or had plans to do so soon. 2019 saw a sharp increase in this number to 37%.

A bit more than 4 out of 10 businesses plan to use AI:

39% of big businesses expected to invest in AI services, according to an Adobe survey.

Over the next five years, revenue from AI services will climb by over six times:

AI-related services are expected to bring in about $19.4 billion in 2020. According to estimates, the market will reach $62.5 billion in 2022. The AI industry is anticipated to generate $126 billion in revenue annually by 2025.

By 2025, the wearable AI market is anticipated to be worth $180 billion:

The value of the worldwide wearable AI market is expected to increase due to the popularity of products like the Apple Watch and Fitbits. The market is anticipated to be worth $180 billion by 2025.

Over $15 trillion more can be made in the next ten years due to AI technology.

According to some projections, AI technology might bring in $15.7 trillion in revenue by 2030 increasing the GDP of regional economies by 26%.

In 2023, the AI market is projected to expand by 38%:

It was anticipated that the AI market would expand by 47% between 2021 and 2022. Additionally, it was predicted that through 2025, this rising trend will increase by at least 26% per year.

Business researchers predicted that the US AI market will grow to approximately $300 billion by 2026:

This number is expected to increase by nearly 15 times in the next five years as reliance on human intellect declines. The US AI market is expected to be valued at $299.64 billion by 2026. 2021-2028 That represents a projected CAGR of 40.2% from 2021 to 2028.

By the end of the decade, China will hold more than 25% of the global AI market:

By 2026, China, the second-largest economy in the world, will have an AI sector worth about $40.6 billion. Growing at a 39.1% CAGR. China will hold a 26.1% share of the global AI market by 2030.

Google processes 6.9 billion search requests every day using worldwide AI technologies:

Big data collections can be searched and organized due to AI technology. The billions of search requests that search engines get each day are processed by AI technology when traditional techniques of storing and gathering huge data are ineffective.

Wrapping Up:

The use of artificial intelligence will probably have long-term repercussions on upcoming organizations, whether they involve participation in significant development projects or just routine everyday chores. AI can produce high-quality works, but it can also work with businesses and regular people to open doors and give them a competitive edge in today's market.

AssetfinX can assist you in creating an AI for your future business concept. The team of AssetfinX has top AI engineers who can assist you in developing a new product by integrating the most recent generative AI capabilities and giving you a competitive advantage in the era of artificial intelligence.