Artificial Intelligence Statistics

20+ Awesome Artificial Intelligence Statistics for 2024

20+ Awesome Artificial Intelligence Statistics for 2024

Artificial Intelligence, AI, is quickly infringing upon everything we do and there seems to be no way to stop it.

This particular technology is showing itself to be a huge game changer in the business realm where it’s driving automation, enhancing the customer experiences, and even empowering data-controlled decision making.

Since AI is such a hot, yet controversial topic in personal and business endeavors, we will be discussing some Artificial Intelligence statistics to find out how people and businesses use it and perceive it.

There is a lot of data to share, so we’ll dive right into it.

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Key Statistics 

  • Between 2021 and 2030, the AI market is expected to reach a value of around $100 billion.
  • AI is expected to impact the education industry by 84% by 2035.
  • ChatGPT grew to 100 million users over two months.
  • 35% of businesses today have participated in AI adoption as of 2022.
  • Business leaders report a 40% rise in productivity due to AI automation.
  • 44% of private sector organizations say they intend to invest in Artificial Intelligence in 2023.
  • The global Artificial Intelligence market size in 2022 had a valuation of $136.55 billion.
  • 68% of Americans say they are aware that wearable fitness trackers use AI.
  • 64% of Americans know that online product recommendations use AI.
  • Artificial Intelligence has created over 500,000 new jobs across the globe.

Top Artificial Intelligence Statistics in 2024

Artificial Intelligence Statistics 

1. Between 2021 and 2030, the AI market is expected to reach a value of around $100 billion.

Research has found that Artificial Intelligence will continue to grow up to almost $100 billion (USD) by 2030.

As more businesses and people adopt AI into their lives and realms, there will be no way to go but up for the AI market.

Artificial Intelligence is expected to be used across supply chains, research, analytics, marketing, product making, etc. 

(Statista)

2. AI is expected to impact the education industry by 84% by 2035.

Artificial Intelligence systems are already being used across industries, including the education sector.

The share of AI in education is expected to reach 84% by 2035, according to an Accenture report.

Moreover, other top industries where AI will take a larger role by 2035 include food services and accommodations (74%), construction (71%), retail and wholesale (59%), healthcare (55%), and agriculture, fishing, and forestry (53%).

(Technopedia)

3. ChatGPT grew to 100 million users over two months.

ChatGPT grew to 100 million users over two months.

ChatGPT is owned by OpenAI.

Sam Altman is the CEO (again) of the company which is located in San Francisco, California, USA.

After its initial launch, ChatGPT grew to 1 million users in the US in five days.

This app grew faster than any other as it saw 100 million users just two months after its launch.

(Exploding Topics, Hootsuite Blog)

4. 35% of businesses today have participated in AI adoption as of 2022.

A 2022 study by IBM found that 35% of companies have reported using Artificial Intelligence for their business.

Another 42% said they are examining the use of AI for their companies.

Also, as executives in large companies continue to analyze their own vision of how the company should be run and find that AI is a valuable tool, more employees will follow suit and adapt to AI.

(Authority Hacker)

5. Business leaders report a 40% rise in productivity due to AI automation.

Artificial Intelligence is nothing to take lightly.

While it may seem to be hyped a lot in the media, it’s more than its hype.

AI is a very helpful tool that’s used in automation especially for repetitive tasks.

It leaves workers able to focus on more creative and complicated tasks.

Business leaders say they have seen a 40% rise in productivity due to using AI automation. 

(Hostinger)

6. 44% of private sector organizations say they intend to invest in Artificial Intelligence in 2023.

In 2022, 44% of private sector companies said they planned to invest in Artificial Intelligence in 2023.

If what we have experienced this year, that is what has happened.

This data comes from an IT analyst firm, Info-Tech Research Group.

This research also found that AI is the most popular tech that business plan to adopt over 2023.

(CompTIA, NextGov)

7. The global Artificial Intelligence market size in 2022 had a valuation of $136.55 billion.

Grandview Research revealed that in 2022, the global AI market had a valuation of $136.55 billion (USD).

This market is expected to grow at a CAGR of 37.3% between 2023 and 2030.

Other data shows that it will grow at a CAGR of 38.1% between 2022 and 2030.

So, the CAGR is predicted to be over 35% in either case.

(Exploding Topics, Grandview Research)

8. 68% of Americans say they are aware that wearable fitness trackers use AI.

68% of Americans say they are aware that wearable fitness trackers use AI.

One of the common uses for AI is wearable fitness trackers that can analyze your sleep and exercise routines.

In the United States 68% of adults said they are aware of this common use of AI.

Another 65% said they know that chatbots are AI driven.

(Pew Research)

9. 64% of Americans know that online product recommendations use AI.

A survey found that 64% know that online product recommendations provided to them also use AI technology.

Other common uses known for AI show up in home/business security cameras, music playlist recommendations, and email spam filters.

(Pew Research)

10. Artificial Intelligence has created over 500,000 new jobs across the globe.

AI has seen significant growth since 2020.

Not only that, since 2020, Artificial Intelligence is responsible for creating over 500,000 new jobs around the globe.

This includes the earliest AI adopters in the world. 

(Search Logistics)

11. By 2024, the AI market is predicted to reach more than $638 billion.

According to Precedence Research, the global Artificial Intelligence industry is expected to reach $638.23 billion (USD).

Related:  20 Fascinating Facebook Marketplace Statistics in 2024

For perspective, that’s expected to occur in the next 12-13 months.

By 2032, the AI industry is expected to reach $2,575.16 billion (USD) and is forecast to have a 19% CAGR between 2023 and 2032.

(Precedence Research, Tech.co)

12. The Asia Pacific AI market is expected to be the fastest growing between 2023 and 2032.

While the North American AI market has the biggest market share in this industry at 36.84%, the Asia Pacific AI market is expected to be the fastest growing.

In fact, during the forecast period (2023-2032) the Asia Pacific AI market is believed to experience a CAGR of 20.3%.

(Precedence Research)

13. The most relevant risk from AI adoption is cybersecurity at 59%.

The most relevant risk from AI adoption is cybersecurity at 59%.

In a 2022 report by Stanford University, 59% of businesses say they are aware of the cybersecurity risks associated with AI adoption.

More data from this report found that 45% of businesses also said they are well aware of the risk of regulatory compliance and 40% understand the personal privacy risks.

Let’s face it, risk is part of everything we do in life and in business.

Being aware of it helps you to overcome it.

(Techopedia) 

14. 9 out of every 10 companies support Artificial Intelligence to gain the competitive advantage.

Gaining a competitive edge is one of the mainstays of successful businesses.

The ethical goal is to do so through fair business practices, but not all businesspeople are fair.

However, with the massive global adoption of AI (regardless of its scrutiny) is an ethical way to gain competitive advantage in today’s business world.

In fact, 9 out of 10 businesses say they support AI for the competitive edge.

(Authority Hacker)

15. The Artificial Intelligence website builders market has grown by 50%.

All businesses today should have a website.

There’s no way around it.

Now, with AI website builders, more new businesses and bloggers can build a site faster than ever.

This may be why AI website builders have seen 50% growth in just the past 12 months.

Artificial Intelligence has made web development more accessible and attainable to more people than in the past.

This market is at an all-time high as of 2023.

(Hostinger)

16. 38% of employees suspect that their jobs will be automated.

Semrush found that 38% of working adults believe that their jobs will become automated by the end of 2023.

Another 13% anticipate their roles to be eliminated due to Artificial Intelligence.

That said, employees whose jobs are set to be automated also offer an opportunity for them to upskill and get hired in one of the 12 million jobs AI is expected to create above those it eliminates.

(CompTIA)

17.  China is expected to have 26.1% of the global AI market share by 2030.

Analytical data shows that China will make up more than a quarter of the global Artificial Intelligence market by 2026.

It’s expected to grow at a CAGR of 39.1% and will achieve a 26.1% of the global market share in the AI industry by 2030.

China is the globe’s second largest world economy.

China’s AI market size is expected to reach $40.4 billion by 2026. 

(Exploding Topics)

18. The United States AI market size is expected to reach almost $300 billion by 2026. 

Professional analysts believe that the U.S. Artificial Intelligence market size alone will reach almost $300 billion (USD) by 2026.

So, in just a couple of years, the United States will account for a massive share of this market.

For reference, the 2021 figure was $21.9 billion (USD).

(Exploding Topics)

19. Lack of employee skills is the most significant challenge of AI adoption.

Businesses have to consider the challenges of investing in technology, which includes Artificial Intelligence.

In fact, 56% say the top challenge is due to the lack of their employees having the necessary skills.

Another 42% say the future of AI is too uncertain and 26% don’t know what kind of AI in which to invest.

(Search Logistics)

20. AI is expected to create an estimated 133 million jobs by 2030.

AI is expected to create an estimated 133 million jobs by 2030.

We see a lot of concern over the jobs that AI will eliminate over the next few years, but seldom do we hear much about the jobs it will create.

According to McKinsey & Company, by 2030, AI is expected to create 133 million new jobs, which is believed to be more than it eliminates.

It’s expected that companies will create new roles for existing employees. 

(McKinsey & Company, Tech.co)

FAQs

What is the difference between Artificial Intelligence (AI) and Machine Learning (ML)?

Artificial Intelligence and Machine Learning are related technologies each with their own unique meaning.

AI is the wider field of intelligent machine development that usually requires human input.

Artificial Intelligence is how systems that can learn, reason, understand, recognize, and make human-like decisions are either similar to or better than humans. 

Machine Learning (ML) is a branch of AI that is used for statistical models and algorithms that let computers learn and improve from data it’s fed without having to be programmed.

Machine Learning is based on a training model across large data sets that are used to detect patterns and to predict based on these patterns.

Who invented Artificial Intelligence?

The development of AI started way back in the 1950s with several researchers, engineers, and scientists contributing various elements to get to what we know today as AI.

So, there is no one person who created AI. 

However, some of the scientists, engineers, and researchers involved include Herbert A. Simon, Allen Newell, John McCarthy, and Marvin Minsky who were collectively instrumental in forming the foundational elements of what we know as Artificial Intelligence today.

Can Artificial Intelligence totally replace humans?

It’s unlikely that Artificial Intelligence will ever totally replace humans even though there may be jobs lost to AI in the near future.

However, along with that, it gives people ample time to upskill and get training to work in the new AI driven workplace where it’s needed. 

What is likely to happen is that people will come to heavily rely more on AI for decision-making, routine tasks, and menial tasks, but we humans will always retain our own abilities to think critically and react to complicated circumstances through our own insight and perceptions.

What are the different forms of AI?

Artificial Intelligence comes in a variety of forms.

Forbes says there are four unique categories of AI/AI-based systems which include the following: 

1. Reactive Machines
2. Limited Memory Machines
3. “Theory of min” AI
4. Self-aware AI systems

What does the future of AI look like?

Generally, AI has a promising future ahead if the most recent advancements in more efficient, sophisticated, and functional Artificial Intelligence applications. 

We must realize that AI is going to grow and evolve over the next few years.

Conclusion

As per the data, we can surmise that the adoption of Artificial Intelligence will continue to climb over the next several years.

We also know that there are several challenges and issues to overcome as AI takes its place in the workspace. 

There is still speculation among experts that more jobs will be lost than created, but the statistics tell a different story.

Naturally, one of the things that must be overcome is the training of employees to help them adapt to their new roles.

Also, not all employees will be on board with these new changes, which is another challenge to be expected.

As for AI taking over the world and humans like a Sci-Fi movie, that’s unlikely, but it’s up to individual speculation.

Overall, we hope you feel more enlightened by the Artificial Intelligence statistics we shared with you in this article. 

Sources

StatistaTechnopediaHootsuite Blog
Authority HackerHostingerCompTIA
Grandview ResearchPew ResearchSearch Logistics
Precedence ResearchMcKinsey & CompanyExploding Topics
NextGovTech.co
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Twitter
LinkedIn
Written by Colin Tan
Colin Tan is a tech entrepreneur and business leader with extensive experience in the technology industry. He is the Co-Founder of several successful tech startups that provide innovative solutions to businesses. Colin has a passion for creating disruptive technologies that can transform industries and drive growth.