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50+ Important  AI Statistics for 2024

AI Statistics
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This is a complete list of up-to-date AI statistics.

On this page, you’ll find hand-picked AI stats about:

  • Market Growth
  • Generative AI 
  • Competitive Advantage
  • Lot more

Without further ado, let’s see the stats.

Market Growth AI Statistics

In just 5 days, ChatGPT reached 1 million users. (OpenAI)

By 2025, the wearable AI market is anticipated to grow to $180 billion.

(Global Market Insights)

In just five years, the revenue from AI services will have grown by more than six times.

 (Omdia)

9 out of 10 businesses support AI to gain a competitive advantage over rivals.

(MIT Sloan Management)

53% of adults believe AI will help them handle repetitive tasks more effectively.

(Statista)

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Between 2015 and 2019, the number of businesses leveraging AI services grew by 270%

(Gartner)

In 2023, the AI market was projected to grow by 38%. 

 (Tractica)

AI writing is likely to take over as much of digital publishing and editing as readers will tolerate. 

(The Verge)

In the next decade, AI technology could boost revenue by over $15 trillion.

(PwC)

AI algorithms can generate up to 50% more leads.

(Harvard Business Review)

In the next five years, revenue from AI chips will reach over $80 billion globally.

(The Insight Partners)

Business analysts predicted that the US AI market would grow to almost $300 billion by 2026. 

(PR Newswire)

(PWC)

AI is anticipated to increase worker productivity by 40%.

(PWC)

Netflix makes $1 billion a year from its recommendation system.

(Business Insider)

By 2035, AI could generate $3.78 trillion in benefits for the manufacturing sector.

(Accenture)

Over $170 billion is made annually by AI-powered self-driving cars worldwide. 

(MarketWatch)

In the next three years, AI technology is predicted to boost banking industry revenue by $1 billion.

 (Accenture)

The market for AI-powered telecoms is estimated to be $2.5 billion.

(Markets and Markets)

Currently, there are over 4 billion voice assistants in use.

(BusinessWire)

The NLP market share is expected to reach over $43 billion by the end of 2023.

(Tractica)

Over the next 5 years, it will become more common for patients to download and share their medical data

(Markets and Markets)

As of 2021, 57% of businesses using AI/ML used the technology to improve customer experience

(Algorithmia)

(BBC)

Each day, WhatsApp generates more than 100 billion messages using AI. 

Generative AI Statistics

best ai statistics

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The global generative AI market is geographically segmented into North America, South & Central America, Western Europe, Central & Eastern Europe, Asia Pacific, the Middle East & Africa

The generative AI market is dominated by the North American region, with a revenue share of 34.4% in 2022. There is no doubt that the US is the major player in the growth of the generative AI market in this region. 

The estimated value of the global generative AI market is $13.71 billion.

The generative AI market is estimated to reach $118.06 billion by 2035.

The global generative AI market is expected to grow at a CAGR of 79.96% over the forecast period.

Key Players in the Generative AI Marketplace

In fact, there are a lot of companies tapping into generative, but those that are making significant impact are Amazon Web Service, OpenAI, IBM, CopyAI, Rephrase, Jasper, and Adobe

Competitive Advantage AI Statistics

AI is enabling manufacturers to outperform their competitors

(Microsoft)

Approximately 40% of organizations intend to use artificial intelligence.

(Adobe)

Achieving existing capabilities like writing short articles and tweets will become much cheaper and more efficient. (Stanford)

By the end of the decade, China will hold a larger share of the global AI market than any other country.

 (GlobeNewsWire)

About 45% of businesses consider artificial intelligence to be crucial to their overall business plan.

(Forbes)

By 2025, 80% of retail executives anticipate that their companies will use AI automation.

(Analytics Insight)

Approximately 17 out of 20 CEOs stated that in 2021, AI would be “mainstream technology” in their organization.

According to data, Google Assistant is the most accurate voice assistant. 

(Loup Ventures)

More than half of telecommunications organizations use chatbots.

(Gartner)

Recent data shows that the use of AI-powered applications has significantly increased.

(Gartner)

Almost half of all companies employ AI, data analysis, or machine learning in some capacity.

(O’REILLY)

Merely 7% of individuals rely on chatbots for making claims.

(Accenture)

Nowadays, about one in three medical professionals use computers to help with diagnosis.

(Gartner)

4 in 5 marketers predicted that AI would revolutionize marketing by 2020

(Demandbase)

Marketing and sales departments prioritize AI and ML for market revenue success 40% more than other industry departments.

(Forbes)

Approximately 40% of marketers think that email marketing with AI increases market revenue.

(Statista)

Employees in transportation and storage are most vulnerable to automation in the workplace.

(PwC)

In less than five years, AI and ML are predicted to replace 16% of all US jobs across all industries. 

(Forrester)

Over 50% of American adults possess a smart speaker.

 (Statista)

AI is used to find previously unidentified strains of diseases in order to prevent them.

(OECD)

Some smart watches utilize AI to time hand-washing sessions for maximum cleanliness 

(Apple)

Voice assistant technologies are used by over half of Americans for informational purposes. 

 (Edison Research)

It is stated that Google’s deep learning technology is 99% accurate.

(Google AI Blog)

Oxford University’s AI system can read lips with 93% accuracy, thanks to machine learning.

(Backlinko)

“10% of data is categorized as “structured.”

(Forbes)

One of the main concerns of AI skeptics is job loss.

(Tractica)

Elon Musk warns that AI services could overtake humans by 2025

(Independent)

Around 3 in 4 CEOs worry about limited transparency in the AI market

(PwC)

4 out of 10 executives think AI is too expensive

(Harvard Business Review)

AI Funding Stats

In 2022, global funding for AI reached $45 billion.

(Hostinger)

According to Crunchbase data, more than 1 out of every 4 dollars invested in American startups this year has gone to a business involved in artificial intelligence.

(Crunchbase)

With a 35% global share of deals in Q2 2023, the US maintained its lead in funding AI startups. Europe comes in second at 26%.

(Softwareoasis)

 AI startup funding Has increased on average by 66% between 2021 and 2023

(Hostinger)

The average AI startup deal size grew 48% year-to-date in 2023, driven by 22 mega-rounds over $100 million.

(Softwareoasis)

In the Silicon Valley, multibillion-dollar investments in artificial intelligence startups have practically become standard. Funding for AI startups reached $17.9 billion in the third quarter, surpassing funding totals for all other tech categories.

(Bloomberg)

China and the United States are the top 2 countries for AI investment

(Hostinger)

In the Silicon Valley, multibillion-dollar investments in artificial intelligence startups have practically become standard. Funding for AI startups reached $17.9 billion in the third quarter, surpassing funding totals for all other tech categories.

Final Thought

The AI industry is arguably the fastest growing industry in the world right now. 

We have seen it all. From smart cars, faster content creation, personalized shopping and fraud prevention.

In this post, I have covered the key AI stats including generative AI statistics, market growth AI statistics, AI funding statistics,

Now, I’ld like to hear your thought:

Which AI stats from the list surprise you the most? Let me know in the comment below. 👇

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