2024’s Must-Know Artificial Intelligence Stats

You might feel left behind, unsure of what’s important and what’s not. That’s why I am here to help. 

In just a few moments, you’ll have the must-know Artificial Intelligence Stats for 2023 at your fingertips. These are the facts and figures that matter, all gathered in one simple place. No more confusion, no more searching. 

Just clear, easy-to-understand information that keeps you in the know. Stay tuned and let’s dive in!

Facts About Artificial Intelligence

The global AI market is currently worth $136.6 billion (GrandViewResearch)

In 2022, the world’s AI business was worth $136.6 billion. This big number happened because AI technology is being used more and more. People are using AI for things like making content and even for cars that drive themselves.

The AI software market’s global annual revenue is currently over $50 billion (Omdia)

The global AI market is expected to reach $1.81 trillion by 2030 (GrandViewResearch)

The AI market is already big, but it’s going to get much bigger. In the next ten years or so, it’s expected to grow more than 13 times its current size. Every year, it’s predicted to get 38.1% bigger.

ChatGPT reached 1 million users in 5 days (OpenAI)

In 2022, ChatGPT became very popular and got 1 million users in just a few days. By the start of 2023, ChatGPT had more than 100 million people using it every month.

9 in 10 organizations back AI to give them a competitive edge over rivals (MIT Sloan Management)

A study found that 87% of companies all over the world think using AI will help them do better than others. This is 12% more than what people thought last year.

Increasing Demand for AI Chips (Forbes)

1. The AI chip market around the world is expected to grow to $83.25 billion by 2027. It’s going to grow fast, at a rate of 35%, from 2019 to 2027. 

2. These chips are mostly used in cars, healthcare, defense, and tech industries.

3. North America is the biggest player in this market, but Asia-Pacific is growing the fastest.

4. The benefits of these chips are that they have very fast memory, can do calculations quickly, and can handle many tasks at the same time.

Stats Related To Voice Search and Artificial Intelligence

Technology like Amazon’s Alexa and Apple’s Siri, which people often use on their phones, is getting more popular. This has made talking to devices to search for things, called voice search, a big new thing in technology. Tech Jury says:

• 97% of mobile users are using AI-powered voice assistants
• More than 4 billion devices already work on AI-powered voice assistants
• 40% of people use the voice search function at least once every day

Artificial Intelligence Growth

Global AI is growing at a CAGR of almost 40% (Grand View Research)

AI is growing really fast and it’s probably not going to slow down soon. From 2022 to 2030, companies all over the world are going to use AI more and more, with growth expected to be 38.1% each year.

The wearable AI market is expected to reach $180 billion by 2025 (Global Market Insights)

The Apple Watch and Fitbits are doing really well. This is going to help the world’s market for AI stuff you can wear. By 2025, this market could be worth $180 billion.

Approximately 4 in 10 organizations have plans to utilize AI (Adobe)

A study by Adobe said that 39% of big businesses want to spend money on AI services.

The AI market is set to grow by 38% in 2023 (Tractica)

The newest information says the AI market will make a lot of money soon. From 2021 to 2022, it was expected to get 47% bigger. And this growth was expected to keep happening every year, getting at least 26% bigger each year until 2025.

By 2026, business analysts estimated that the US AI market size will reach nearly $300 billion (PR Newswire)

People are relying less on human thinking and more on AI. Because of this, the value of AI is expected to grow almost 15 times in the next five years. 

By 2026, the AI business in the US will be worth $299.64 billion. From 2021 to 2028, it’s predicted to grow 40.2% each year.

The Ways Businesses Adopt Artificial Intelligence

Around 4 in 5 companies deem AI to be a top priority in their business strategy (Forbes)

A big number, 83% of businesses, say that using AI is very important to them. Two ways they often use AI are with automatic emails and chatbots in their regular talks with customers.

Here’s how companies are using AI right now.

Almost 17 out of 20 CEOs in companies said that AI would be a regular technology they use in 2021. (PWC) 

86% of these CEOs agree that AI is important for business since they use it all the time in their offices

By 2025, AI will help with 19 out of every 20 talks with customers (AI Business)

Soon, stores will let AI do most of their talking online and on the phone. In fact, more than 95% of these talks will use AI.

AI telecommunications is worth $2.5 billion and rising (Markets and Markets)

In 2022, the AI business in telecommunications was worth about $2.5 billion. From 2016 to 2022, it grew by almost 46.8% each year.

4 out of 5 marketing people thought that AI would completely change marketing by 2020. (Demandbase) 

80% of them think that AI is not just a passing thing but a big change that will make all kinds of businesses work in a new and better way.

About one-third of medical professionals are now using computers to aid diagnosis (Gartner). 

38% of medical providers use computers to help them with diagnosis.

Advancements in Healthcare: Driven by AI and the Medical Internet of Things

1. Artificial intelligence revolutionizes the medical sector by aiding in therapies, scientific investigations, diagnostic processes, and informed choices. (Nuffield)

2. Approximately 50% of healthcare organizations in the United States aim to implement AI technologies, like Robotic Process Automation, within their systems by the end of 2023. (Gartner)

3. The worldwide market for healthcare-related RPA is projected to swell to $6.2 billion by the year 2030, growing at a Compound Annual Growth Rate (CAGR) of 26.01%. In 2022, the market was valued at approximately $2.9 billion. (Forbes)

Affect Artificial Intelligence the Job and Career (CompTIA)

1. About 4 out of 10 people think machines will do their jobs by 2023. 

2. Also, roughly 1 in 8 think that AI will get rid of all jobs in their field.

3. AI is set to make 12 million more jobs than it will take away.

4. By 2025, there will be a need for 97 million people skilled in AI.

AI In The Field Of Customer Service, Marketing, And Sales Statistics

AI algorithms increase leads by as much as 50% (Harvard Business Review)

AI programs tell us which things make the most money and help us understand what customers like to buy. 

Recent information shows that using AI to sell things can make 50% more leads, make calls 60% shorter, and cut costs by up to 60%.

Around 4 in 10 marketers believe that AI email marketing improves market revenue (Statista)

Nearly 41.29% of marketers agree that using AI in email marketing helps them make more money.

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

Companies that do marketing, sales, and customer service are using AI to do tasks automatically. This helps them make more money. AI also helps people who deal with customers and have too much work.

The most commonly Google searched keyword is “chat gpt login” hitting nearly 6 million searches per month. (Forbes)

Artificial Intelligence Statistics Related To Social Media

1. Facebook recommends about 15% of feed content from non-followed accounts based on artificial intelligence (Hootsuite)

2. These AI recommendations have driven a 7% increase in overall time spent on the platform. (Yahoo Finance)

3. 50% of U.S. adults are interested in learning more about how generative AI is used in social media. (Insider Intelligence)

Usage Of AI In The Present

What Is AI Used for Today?

AI is used for more than just keeping track of what you buy online. It can do things like help you as a digital assistant, control the lights in a high-tech home, and even help fight serious sicknesses like COVID-19.

More than 20% of US adults own a smart speaker (Statista)

Famous smart speakers like Apple’s HomePod and Amazon Echo can understand what you say. They can tell you the weather, play songs, or do emergency phone calls.

AI is used in disease prevention to discover previously unknown strains (OECD)

Before people in healthcare started talking about COVID-19 all the time, AI reports mentioned the spread of a type of pneumonia that no one knew about.

Some smartwatches utilize AI to time hand-washing sessions for maximum cleanliness (Apple)

Wearable gadgets can help the healthcare field towards making the world healthier.

ChatGPT Statistics Based On Region

The largest share of ChatGPT users is located in the U.S., accounting for 15.22%, followed by India at 6.32%, Japan at 4.01%, and various other countries. (Forbes)

What are the AI Challenges and predictions?

Elon Musk warns that AI services could overtake humans by 2025 (Independent)

Elon Musk is famous for his work with electric cars and rockets. He’s also put money into OpenAI, a quickly growing AI company. What’s interesting is that Musk is thinking about whether AI will be able to think and feel like humans in the next 2 to 5 years.”

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

In a 2017 study, 76% of the big companies were worried that the world’s AI business might not be clear and honest and that it might have unfair biases. 

Conclusion

Confused by all the new things in Artificial Intelligence? Incrementors can help you understand. Talk to our experts for 30 minutes, and they’ll show you what you need to know. We’ll make AI easy for you to use in 2023 and beyond. 

Don’t worry anymore. Contact us today, and let’s make things clear and simple for you!