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40+ Amazing Artificial Intelligence Statistics in 2024

The Gemoo Team

Last Updated: Jun. 19, 2024 | FEATURED IN: Productivity

AI Statistics

Machines are great at completing routine and repetitive tasks, but efforts to create artificial intelligence capable of solving difficult logical problems and learning from experience have been met with huge challenges. However, contemporary deep learning models have demonstrated an impressive capacity to converse in natural language, identify hidden patterns in the data, derive conclusions based on past examples, and complete many other tasks that require reasoning.

It could be argued that AI technology is on the verge of large-scale commercialization and that specialized apps powered by self-improving software will soon become commonplace. In fact, wider adoption of AI-based tools is already well underway and many companies are actively offering products that take advantage of its incredible abilities.

As this trend is gaining steam, we have a lot of quantitative data confirming that artificial intelligence is essential in multiple business and research spheres. We compiled some notable AI statistics that clearly illustrate the potential of this technology and demonstrate how profitable it will soon become.

40+ Remarkable Statistics about Artificial Intelligence

The global AI market growth for 2023 is estimated to reach more than $500 billion.

AI Market Growth By Year

AI Market Size Statistics

The total revenue of the global market for various AI technologies was more than $433 billion in 2022.
In the United States alone, the AI market is expected to reach a value of $300 billion by 2026.
The total contribution of the AI industry to the world economy is expected to be greater than $ 15 trillion before 2030.
The size of the AI market is expected to increase by another 120% in 2023 and by more than 1200% before the end of the current decade.
More than 4 out of 5 companies say they see AI technology as a top priority going forward.
The number of startup companies with a primary focus on AI has multiplied the factor of 15 in two decades since 2000.
The level of investments in AI startups has increased six fold since the start of this century.
The average compound annual growth rate for the AI sector is projected to be between 33% and 38% over the next 5 years.
Up to 50% of all employees in the world will need to adopt new skills by 2030 or risk displacement due to the emergence of AI technology.
Up to 20 million factory jobs around the world could be outsourced to smart robots powered by AI by the year 2030.
Currently, just 10,000 professionals exist that are capable of solving more advanced problems related to AI development and/or deployment.
Natural language processing (NLP) is one of the fastest-growing AI applications, and it is expected to soar to a global market value of $42 billion by 2026.
AI Market Size Statistics

Global AI Adoption Rates 2022

More than 35% of companies report using artificial intelligence in their business, an increase of 4 percentage points over 2021.
Company size affects attitudes towards AI, with 29% of large organizations adopting machine learning as part of their business models compared to just 12% of small and medium businesses.
China is expected to become a clear market leader in the AI space and to control around 26% of the global trading volume by 2030.
Global AI Adoption Rates 2022

AI Usage in Business

In 2022, AI technology created $8.9 billion in revenues in the autonomous driving niche.
Around 4 billion smart devices have AI-powered voice assistance installed on them, and this number will more than double by the end of 2024.
The market for hardware products associated with AI will exceed $200 billion by the year 2025.
The value of the market for wearable products featuring AI functionalities is expected to reach $180 billion in 2025.
The value of the high-end chip market related to AI technology will grow past the $80 billion mark over the next five years.
The adoption of AI systems in the automotive industry is expected to grow by 48% year-to-year.
Over 80% of retail stores say they will be ready to start deploying some AI products by the year 2025.
52% of telecommunication companies already use AI-driven chatbots for interacting with customers and performing other business tasks.
75% of international executives see AI technology as the potential solution to network security and privacy protection issues.
47% of large organizations already have plans to use AI for the mobile channel, with the vast majority of them aiming for greater personalization of services.
AI-driven automation in the medical sector is expected to replace 10% of all nursing jobs by 2030.
In 2025, approximately 95% of all customer service activities will be performed by smart chatbots that use machine learning to approximate human language.
51% of e-commerce companies presently rely on some form of AI automation to improve customer experience and boost sales.
64% of B2B marketers are including AI technology in their strategy for the future period.
AI Usage in Business

Business Impact of AI

Nearly 92% of top companies regularly spend money on artificial intelligence.
Over the next decade, AI applications are expected to increase worker productivity by 40%.
The efficiency of collecting relevant sales leads can be improved by as much as 50% with present-day AI algorithms.
A staggering 87% of businesses believe that adopting AI will give them a competitive advantage over their rivals.
AI algorithms can reduce call times with customers by roughly 60%, decreasing the overall operating costs for the company by a similar amount.
48% of all businesses want to leverage the power of AI to take advantage of big data and identify new customers more efficiently and at a lower cost.
Google Translate experienced a sudden 60% reduction rate in the frequency of translation errors after the deployment of AI technology.
Japan intends to deliver 75% of all national care services for elderly citizens by AI-powered robots as early as 2025.
Google’s machine learning program can reach an accuracy level of 89% when diagnosing various medical conditions, outperforming human doctors by a margin of 15%.
The use of machine learning algorithms for recommending multimedia content created savings totaling $1 billion for the streaming giant Netflix.
Business Impact of AI

Jobs that AI is likely to replace or not in the future

Jobs likely to be replaced by AI	Jobs that AI can’t/shouldn’t replace
Customer service executives Receptionists Computer Support Specialists Telemarketing Bookkeeping and data entry Content Writing Advertising Salespeople Security guards Retail services Proofreading	Doctors Lawyers Psychologists Soldiers Engineers Scientists Chief executives Event planners Human Resource Managers Public relations managers

User Attitudes and Expectations

62% of customers wouldn’t mind giving their personal data to an AI module if that would result in an improved experience with the brand.
Over 40% of customers still insist that any issues they raise with the company must be dealt with only by a human operator.
60% of users believe that products and services created with AI technology will make their lives easier in the future.
Nearly 50% of consumers mistrust companies that use AI, although this figure is in direct proportion with the level of understanding of the underlying technology.
More than 20% of users prefer voice-powered software assistants to traditional search engines.
39% of people that use voice-activated digital assistants are satisfied with the general accuracy of the provided information.
Only 7% of users currently trust an answer provided by smart chatbots to be reliably true, compared to 49% who trust responses coming from a human advisor.

More than 10% of mainstream companies cite falling behind in the AI sphere as one of the greatest threats their businesses are facing in the immediate future.

User Attitudes and Expectations

Remarkable AI Statistics 2023 [Infographic]

AI Statistics Infographic

Final Words

Numbers don’t tell the whole story, but they can shed light on some aspects of the ongoing AI revolution that people rarely think about. Some of the figures quoted above are just projections, but the picture they paint is clear.

Artificial intelligence statistics from the past few years strongly indicate that a technological upgrade is happening before our eyes. AI is likely to transform all spheres of business and life in a profound way and it’s time to accept this fact and start preparing for a smarter future. Those who take action now might actually benefit from this technology, but those who ignore artificial intelligence could soon find their jobs to have become obsolete.