AI

[New] Public cloud computing - a technology that's intertwined with AI and machine learning - is anticipated to exceed $330 billion in market value this year, with organizations' average yearly cloud budget exceeding $2.2 million.
[New] The next few years are expected to witness remarkable growth of the entire AI software industry, with market value lifting more than fivefold by 2025.
[New] China is moving very aggressively to lead the world in AI, and new research shows it will be a certainty within the next few years that China will produce more AI research papers than the US.
[New] While China rolled out a three-step programme describing its plan to become the world leader in AI by 2030, South Korea too published an AI strategy to become a Top 4 contender in AI by 2022, with an investment of over $2 billion in AI research and training.
[New] Solving problems, growing the economy and improving our quality of life outlines the importance of action for Australia to capture the benefits of artificial intelligence (AI), estimated to be worth AU$ 22.17 trillion to the global economy by 2030.
Artificial Intelligence (AI) will be a mainstream customer experience investment in the next couple of years.
By 2021, AI augmentation will generate $US2.9 trillion in business value and recover 6.2 billion hours of worker productivity.
The Global Roadways & Railways Intelligent Transport Systems Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2019 to 2026.
The healthcare AI market will reach $6.6 billion in 2021, and 39% of healthcare provider executives say that they are investing in AI, machine learning and predictive analytics.
Global AI in Retail and e-Commerce Market 2019-2025: Market is expected to grow at a CAGR of +42%.
The global artificial intelligence in agriculture market is witnessing a CAGR of 26.2% during the forecast period (2019-2024).
Robotics and artificial intelligence (AI) in agriculture could export goods and services worth $10 billion to $25 billion a year by 2028.
World Economic Forum technologists expect significant progress across robotics, wearable technology, 3D printing and artificial intelligence in the next decade..
The cost savings achieved through AI applications across financial services - including banking, investment management and insurance - are expected to reach $1 trillion by 2023; $447 billion of which would be realised in the banking sector alone.
The AI cybersecurity market is expected to rise to $35 billion by 2024, as businesses identify the dangers that are challenging to manage without advanced technology.
The number of artificial intelligence (AI) systems in vehicles will jump from 7 million in 2015 to 122 million by 2025 due to the adoption of autonomous systems.
IDC predicts that by 2024, AI will be a core component of enterprise workloads with 20% of enterprise workloads to be AI-based or AI-enabled for 75% of enterprises.
Global Artificial Intelligence in Cyber Security Market was valued at USD 4.89 Billion in 2018 and is projected to reach USD 40.61 Billion by 2026, growing at a CAGR of 30.12% from 2019 to 2026.
Nearly two-thirds (64%) of financial services leaders expect to be mass adopters of Artificial Intelligence in two years compared to just 16% doing so today.
Global AI market is expected to reach a revenue of $118.6 billion by 2025.
Artificial Intelligence (AI) has the potential to deliver global economic activity of around $13 trillion by 2030.
The Economist Intelligence Unit has revised downwards its global growth forecast for 2020 to 2.2%, from 2.3% previously, citing new risks that have emerged following the novel coronavirus outbreak in China.

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Last updated: 01 April 2020