54+ Artificial Intelligence Statistics For 2023 (Updated Facts & Figures)

Artificial Intelligence Statistics - DemandSage

Artificial intelligence (AI) is already a technical reality for businesses and organizations. AI has shown itself capable of enhancing efficiency levels, lowering human mistakes and labour, and gathering insights from massive data, even if its advantages may not always be simple to measure.

Even though its existence is not often acknowledged, AI has found its way into several people’s lives on a micro level and in a variety of forms. Let’s examine the function AI currently plays in business and in the lives of many people in more detail through statistics to better understand the state of Artificial intelligence in 2023 and beyond.

Artificial Intelligence Statistics (Top Pick)

Artificial Intelligence Statistics - AI
  1. Artificial Intelligence’s market size will be $165 billion in 2023.
  2. Tencent is the largest AI patent owner in the world, with 9,614 patents to its name.
  3. AI Market value in the fashion industry is worth $910 million in 2023.
  4. Bytedance is the world’s most valued unicorn AI startup.
  5. AI Startups gathered $20 billion in funding as of Q2 2022.
  6. By 2027, the market for AI chips is anticipated to generate $83.25 billion in sales.
  7. AI is majorly used for Quality Control in the Health and Pharmacy industry.
  8. AI is majorly used for Cybersecurity purposes in the IT and Telecommunication sector.
  9. The value of the worldwide AI market is anticipated to soar, reaching $433.5 billion in 2026 and $829 billion in 2028.
  10. The Asia-Pacific area will have the greatest CAGR between 2018 and 2025.

Growth of Artificial Intelligence.

Artificial intelligence is expected to generate considerable global market revenue between 2018 and 2030, while different research predicts varying percentage increases in the size of the global AI market. Let us take a look at Global Newswire’s prediction below.

Here is a table showing the size of the AI Market from 2021 to 2030:

YearAI Market Size
2021$87 billion
2022$119.8 billion
2023$165 billion
2024$227.46 billion
2025$313.9 billion
2026$433.5 billion
2027$599 billion
2028$829 billion
2029$1,148 billion
2030$1591 billion

General Artificial Intelligence Statistics

Statistics indicate that more businesses are beginning to use it in their everyday operations. Around 23% of businesses are using AI in processes and products.

Here is a brief set of Artificial Intelligence Usage Statistics:

  1. 50% of the 300 billion emails received each day are flagged as spam by machine learning.
  2. 40% of individuals regularly do searches using voice assistants.
  3. Businesses with over 100k workers are more likely to use AI in their business strategy.
  4. By 2025, it is anticipated that the wearable AI industry will be worth $180 billion.
  5. China will hold a 26.1% market share by 2030 and be the worldwide leader in AI technology.
  6. As per D labs, the top challenge to AI adoption is that the company doesn’t understand the importance of AI.

Here is a table showing the top 10 challenges with AI adoption:

Sr. no.Challenges
#1Lack of company’s understanding related to AI.
#2Lack of appropriate Data.
#3Lack of Employee Skill Set.
#4Inability to find good vendors to work with.
#5Inability to find the proper Use Case.
#6The inability of the AI team to explain how a solution works.
#7Lack of synergy between working teams.
#8Fear in management about overhauling legacy systems.
#9Some solutions are not easy to integrate.
#10Regulation.

Artificial Intelligence Usage in Businesses

  1. 84% of multinational corporations think AI will provide them a competitive edge.
  2. The percentage of email marketers that expected to use AI was only 17%.
  3. A staggering 83% of businesses claim that incorporating AI into their company plans is a major priority.
  4. 91.5% of top companies regularly spend money on artificial intelligence.
  5. According to Gartner, AI organizations may expect a 25% increase in customer satisfaction by 2023.
  6. According to 72% of executives, AI will provide the greatest competitive edge in the future.
  7. 37% of the firms polled by Gartner reported using AI at work.
  8. Since 2000, the number of AI companies has multiplied by 14 times.
  9. The use of AI in sales teams increased to above 25% in 2021.
  10. 43% of manufacturers have increased the number of data scientists and data quality analysts on staff, and 35% plan to do so in the next five years.

Positive Results of Using Artificial Intelligence.

  1. 61% of staff claim that increased use of AI at work has increased their productivity.
  2. By 2030, AI could be able to cut global greenhouse gas emissions by 4%.
  3. Labor productivity is forecasted to increase by around 30% with AI implementation in businesses.
  4. According to 63% of CEOs, AI will have a similar beneficial effect on job vacancies as the internet did when it initially became widely accessible.
  5. Implementing Artificial intelligence resulted in the largest cost reduction (44%) for the supply chain management sector.
  6. Amazon cut its “click to ship” time using AI by 225%.
  7. Netflix saved $1 billion in 2017 by implementing Machine Learning.
  8. 27% of people globally believe AI can provide superior customer service compared to human workers.
  9. Content Marketing Agencies can now post more content than ever using AI Writing software. Here’s the list of best AI Writers.

Is Artificial Intelligence Threat to Human Workforce?

AI Technology has frequently been cited to indicate that the work economy is on its way out. While automation and artificial intelligence in the workplace may result in the loss of certain jobs, they can also lead to the creation of new ones and prevent unemployment. According to World Economic Forum research, AI will generate a net 97 million additional employment by 2025.

Although it is unrealistic to believe that AI will ultimately replace people, here are some statistics related to AI and its relation to employment:

  1. 38% of people predict that AI will remove jobs at their place of employment during the next three years, while 13% predict that automation would result in the loss of a sizable number of jobs.
  2. In the OECD, 14% of employment is highly automated, while another 32% might undergo significant transformation.
  3. Just 10% of employment is thought to be at risk of being eliminated due to automation as per McKinsey Global Institute.
  4. Over the course of the next ten years, AI may eliminate 375 million jobs and displace up to one billion employees globally. What’s more, these Chatbots statistics show that Chatbots are replacing the needs of human needs in customer support.
  5. The good news is that, by 2030, artificial intelligence might produce $15.7 trillion for the global economy and 97 million new positions and enable employees to use more creativity.
  6. Over 120 million people worldwide will require up-skilling in the following three years as a result of AI’s influence on jobs.
  7. In the next 50 years, 7% of Americans who work in the public, private, or NGOs predict that robots and computers will inevitably replace most jobs held by people.
  8. Here is a list of 10 Jobs that AI is likely to replace in the future:
Sr No.Jobs
1)Proofreading.
2)Couriers.
3)Computer Support Specialists.
4)Telemarketing.
5)Bookkeeping and data entry.
6)Content Writing.
7)Advertising Salespeople.
8)Graphic Designers.
9)Retail Sales.
10)Taxi Drivers.
  1. Here is a list of 10 jobs that are highly unlikely to be replaced by AI.
Sr No.Jobs
1)Doctors.
2)Lawyers.
3)Psychologists.
4)Care Takers.
5)Engineers.
6)Human Resource Managers.
7)Chief executives.
8)Soldiers.
9)Scientists.
10)Software Developers (Birthgvers of AI).

AI and Climate Change Statistics

How is AI impacting the environment? Well, let us take a brief look at it in this section.

  1. Medical devices ector will have 18.3% average reduction from AI-enabled use cases in the coming few years.

Here is a table showing the same data for other sectors:

IndustryAverage Emission Reduction
Medical Devices18.3%
Energy (oil, Coal)16.5%
Utilities (Electricity, gas, Water)15.9%
Consumer Products15.5%
Automotives15.2%
Retail15%
Others17.6%
Global15.9%
  1. Consumer Retail will see the most contribution in economic emissions intensity (EEI) from Artificial intelligence by 2030.

Here is a table shwoing the data for other sectors:

IndustryAI’s Contribution as Share of EEI Reduction
Consumer Retail45%
Utilities32%
Automotive22%
Oil and Gas18%
Wholesale Retail11%

Future of Artificial Intelligence Technology (2023 and Beyond)

Although it is difficult to predict how technology will advance, the majority of experts believe that basic jobs will become even simpler for computers to perform. That implies that robots will be highly practical in daily life.

Similarly in businesses, AI will help simplify day-to-day tasks and allow workers to be creative. Here are some statistics associated with AI and its future:

  1. Decision-makers believe AI will provide them with a competitive edge in the future at 72%.
  2. China will hold a 26.1% share of the worldwide AI market by 2030, making it the largest AI market.
  3. Instead of only processing keywords, search engines will be able to comprehend the meaning of a search query by the year 2029.
  4. In 2023, 8 billion voice assistants will be in use worldwide.
  5. By 2030, automation may free about 10% of nursing tasks.
  6. By 2025, it is anticipated that the AI sector will be responsible for 9% of all new jobs in the US.
  7. Cloud-based Artificial Intelligence will grow 5 folds in 2023.
  8. In 2023, 40% of I&O teams in big companies will utilize automation, increasing IT efficiency and enhancing agility and scalability.

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Conclusion: Artificial Intelligence Statistics (2023)

AI performs better when we feed it with more and more data. The more data we can collect from actual people in the field in real-time, the more intelligent our AI systems will be. More human connections can be made between AI and use cases, which will improve our ability to address user concerns. The technology will keep on evolving as we move ahead and the world sees technological advancements.

So, This was my take on Artificial intelligence Statistics as of 2023. I hope you gained a lot of insights into this exciting technology. I will keep on updating this article as I will get hands-on more information.

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