Artificial intelligence has rapidly transformed the landscape of various industries worldwide, and over 99% of the top Fortune 500 companies have already adopted the technology.
Almost all internet users around the globe are directly or indirectly using AI in their daily lives, as 77% of devices we use every day have some form of AI features like voice assistants, smart recommendations, and more. Along with impacting personal lives, the impact of AI is widespread in workplaces, too.
Let’s uncover detailed statistics on AI Adoption, AI In the Workplace, AI adoption by industry, AI usage, AI market, the impact of AI on jobs, benefits and challenges of AI adoption, and more.
AI Statistics for 2024: Top Picks
- AI is expected to add $15.7 trillion to the world economy by 2030.
- The global AI market was valued at $241.8 billion in 2023.
- The global AI market is projected to grow at a CAGR of 17.3% between 2023 and 2030.
- 55% of the people in America use AI regularly.
- 35% of the businesses already use AI in some form.
- 77% of the devices in use today include AI features.
- 90% of businesses support and adopt AI to get an edge over the competitors.
- 85.1% of people use AI to generate blog content.
- AI tools are used for daily work by 75.7% of digital marketers.
- 64% of businesses are confident that AI will assist them in boosting their overall productivity.
AI Adoption Statistics
With the advancements in AI and its increased usage, most businesses worldwide have integrated the usage of AI in at least one of the business segments. This section will shed light on the details of this increased integration and adoption of AI worldwide.
- 99% of the Fortune 500 companies use AI technologies.
- 35% of the companies already use AI, while 42% are exploring AI for its implementation in the future.
- 55% of Americans stated that they regularly use AI; on the other hand, 44% stated that they do not regularly use AI.
- 9 in 10 businesses invested in AI technologies, but only 14.6% have used them daily.
- 27% of Americans interacted with AI at least several times daily in 2022, and 28% interacted with AI around once a day or several times throughout the week.
- Machine learning is used by 1 in 5 C-suite executives.
- 63% of businesses worldwide are looking forward to adopting AI usage within the next three years.
Sources: Pew Research, Dail Mail Online, Cross River Therapy, Authority Hacker,
AI In The Workplace Statistics
AI’s usage is not just limited to automated tasks; the technology can potentially replace human managers.
Let’s go through some interesting AI statistics highlighting the extent to which AI has been currently incorporated in the workplace and businesses.
- Over 90% of organizations believe AI is a key to gaining an edge over their competitors.
- 64% of business owners are confident that AI will assist them in boosting productivity.
- 73% of the companies in the United States have included AI in some segments of their business workflow.
- Over half of the businesses (54%) reported actively using AI in November 2023, just within a year of ChatGPT’s launch.
- One-third of the business operations are automated today and are handled by machines.
- Businesses that adopt AI witness an average increase of 6% to 10% in revenue.
- With the adoption of AI, employees’ productivity is anticipated to increase by 1.5% in the next decade.
- Approximately 80% of companies consider AI a top strategy in business.
- 35% of businesses are concerned about the lack of technical knowledge and skills required to use AI.
- AI is used by 85.1% of the users to generate blog content.
- 83% of the businesses prioritize AI.
- With the adoption of AI, 44% of business leaders witnessed increased productivity.
- Generative AI is used daily by 9% of the workers in the United States.
Source: Authority Hacker, Semrush, PwC, World Economic Forum, Statista, Statista, Forbes, Social Shepherd, Investopedia, MIT SLogan School.
AI Adoption By Industry
Tech giants come into the spotlight when discussing AI adoption, but in reality, AI adoption has rapidly expanded in almost every sector now.
Let’s take a look at how AI adoption has changed the business landscape globally.
- AI chatbots are used by 52% of telephone companies.
- 75.7% of digital marketers rely on AI tools to perform their tasks.
- 4 in 5 retail executives are set to adopt AI automation by 2025.
- In 2023, AI was used by 12% of companies in healthcare, information service, and manufacturing, while only 4% of firms in construction and retail used it.
- One-fourth of the travel and hospitality industry companies have adopted chatbot technology.
- Netflix saved $1 billion by adopting machine learning technology.
- By 2027, the banking industry revenue is projected to hike by $1 billion due to AI adoption.
- The automotive sector has witnessed a 48% rise in the adoption of machine learning.
- 36% of the executives stated that the primary goal behind the adoption of AI is optimizing and automating internal business processes.
- 38% of medical professionals utilize computer assistance for diagnosis.
- 55% of the B2B marketers used chatbots to generate new leads in 2022.
The following table displays why B2B marketers use chatbots.
| Reason for using AI chatbots | Percentage of B2B Marketers |
|---|---|
| Better understanding of the audience | 57% |
| Generate new leads | 55% |
| Educate prospects | 43% |
| Qualifi leads for the sales team | 42% |
| Segment their audience | 42% |
| Build stronger customer relations | 42% |
| Book demo meetings or signups | 31% |
| Hand over warm leads to a live salesperson | 29% |
| Retain visitors before they churn | 20% |
| Accelerate the sales cycle | 13% |
- Generative AI is used by 18% of sales professionals to generate AI content. At the same time, 16% of sales professionals use it for research, and 14% utilize it for data analysis and reporting.
- 79% of customer service professionals consider AI automation crucial for their business strategy.
- Nearly 3 in 5 marketers anticipate that AI will transform the marketing industry.
- 79% of corporate strategists believe AI is crucial for their company’s success in the next two years.
- Over 3 in 10 financial services companies utilize artificial intelligence in product development.
- 20% of the industries integrate AI usage for service operations and corporate finance.
Sources: Authority Hacker, AI Business, Semrush, Gartner, Statista, Hubspot, Missive, Statista.
AI Usage Statistics
Artificial intelligence is no longer a futuristic thing. It has become a reality and is reshaping our daily lives. From using voice assistants to self-driving vehicles, AI has become an inseparable part of our lives.
Here are some fascinating facts about the growing usage of artificial intelligence.
- 77% of the devices in use today work on AI features.
- 4 in 5 consumers expect chatbots to improve their overall experiences.
- Voice assistants are used by 36.6% of Americans, while half of the mobile users use voice search every day.
- By 2025, 95% of consumer interactions are anticipated to be assisted by AI.
- For simple tasks like booking an appointment or checking account balances, 80% of consumers prefer to use chatbots.
- Two-thirds of the consumers are open to AI usage to improve customer engagement.
- Chatbot interactions are preferred by 57% of consumers, while 43% prefer human interactions.
- The number of digital voice assistants is expected to reach 8.4 billion by 2024.
- AI-powered voice assistants are leveraged by 97% of smartphone users.
- According to 82% of business leaders, using AI tools while responding to colleagues is ethical.
Sources: CMS Wire, Authority Hacker, Statista, Forbes, Tech.co,
AI Market Size Statistics
North America had the largest market share of 36.84% in the AI Market in 2022. Meanwhile, the Asia Pacific market is anticipated to grow at the highest CAGR of 20.3% between 2023 and 2032. Additional research from AI Statistics Website — Artificial Intelligence Market Size is estimated to reach $66.62 billion in 2024.
Here is more information on the AI Market.
- By 2030, AI is expected to add $15.7 trillion to the world economy.
- The global AI market is projected to grow at a CAGR of 17.3% between 2023 and 2030. As a result, the market is anticipated to grow from $241.8 billion in 2023 to $738.7 billion in 2030.
The following table displays the global AI market size recorded over the years.
| Year | Global AI Market Size |
|---|---|
| 2023 | $241.8 billion |
| 2024* | $305.9 billion |
| 2025* | $370.2 billion |
| 2026* | $445.9 billion |
| 2027* | $511.3 billion |
| 2028* | $584.8 billion |
| 2029* | $659.5 billion |
| 2030* | $738.7 billion |
*- projected values
- The United States is anticipated to be the largest AI market worldwide, with a market size of $50.16 in 2024.
- The artificial intelligence market in the United States is estimated to have an annual growth rate (CAGR) of 28.30% between 2024 and 2030, reaching $223.70 billion in 2030.
The following table displays the AI Market Size in the United States over the years.
| Year | AI Market Size in the United States |
|---|---|
| 2024* | $50.16 billion |
| 2025* | $66.21 billion |
| 2026* | $86.79 billion |
| 2027* | $112.50 billion |
| 2028* | $143.20 billion |
| 2029* | $180.70 billion |
| 2030* | $223.70 billion |
*- projected values
- The Global AI software revenue is predicted to grow at a CAGR of 34.9%, resulting in $100 billion of revenue by 2025.
- By 2025, the global wearable AI market is anticipated to reach $180 billion.
- The global market of AI-powered self-driving vehicles generates more than $170 billion annually.
- The global AI education market was worth $2.5 billion in 2022 and is predicted to reach $88.2 billion by 2032.
- In 2023, 25% of all investments in US startups were directed towards AI.
Source: Precedence Research, Markets and Markets, Statista, Omdia, Global Market Insights, PR Newswire.
Artificial Intelligence Growth Statistics
This section covers the statistics related to the growth recorded in the AI industry.
- The adoption of AI services by businesses worldwide peaked by 270% between 2015 and 2019.
- Between 2024 and 2028, the revenue of AI services is expected to grow by six times.
- Global corporate investments in AI startups surged by $5 billion from 2020 to 2022.
The following table displays the total corporate AI investments recorded over the years.
| Year | Global Corporate Investments in AI startups |
|---|---|
| 2022 | $91.9 billion |
| 2021 | $93.5 billion |
| 2020 | $67.85 billion |
| 2019 | $48.85 billion |
| 2018 | $43.81 billion |
| 2017 | $44.08 billion |
| 2016 | $17.7 billion |
| 2015 | $12.75 billion |
Source: Gartner, Neurosys, Statista
Impact Of AI On Jobs
With the rise in the adoption of AI in workspaces, employees are at a higher risk of losing their jobs. However, integrating AI in different tasks and workflows has led to a rise in new opportunities worldwide.
Here are further details about how AI has impacted jobs worldwide.
- The adoption of AI affected around 60% of the jobs in advanced economies.
- By 2025, AI will replace 85 million jobs and create around 97 million new job roles.
- 65% of the retail jobs could be automated by 2025.
- Nearly 30% of the jobs could be automated within the next decade.
- Owing to AI adoption, 14% of the global workforce will be affected by job loss by 2030.
- By 2025, 16% of American jobs will be replaced by AI.
- AI is estimated to replace 2.4 million jobs and alter an additional 12 million occupations by 2030.
- 38% of jobs in the US, 35% in Germany, 30% in the UK, and 21% in Japan are at a high risk of witnessing the effects of AI automation.
- Due to technological integration, 43% of businesses plan to reduce their workforce.
- Around 8 in 10 US workers stated at least 10% of their work is affected by generative AI, while 19% of the workforce witnessed its effects in more than half of their work.
- The adoption of generative AI has affected 78% of the legal occupations in the United States.
- Nearly half (47%) of businesses consider investing in AI tools over hiring new employees.
- 52% of US adults fear that AI will take their jobs.
- One-third of businesses could replace employees by AI in 2024.
- 26% of the companies stated that candidates with AI skills would be at an advantage in 2024.
Sources: IMF, LinkedIn, WeForum, Nexford, Authority Hacker, Tech.co, Forrester, Mitre, Resume Builder,
What Is The Future Of AI?
Artificial intelligence is rapidly revolutionizing our daily lives. With the advancements in algorithms and the way computers work, AI holds immense potential.
AI technology is set to transform every aspect of our lives, including healthcare, transportation, entertainment, and education.
Here are some stats that display how AI will revolutionize our future.
- Generative AI can potentially boost Annual labor productivity by 0.1% to 0.6% by 2040.
- By 2027, AI’s influence on US GDP growth might become evident.
- The adoption of AI worldwide has the potential to boost the global economy by 7% over the next decade.
- AI adoption in China may result in a 26% boost in the nation’s GDP by 2030.
- 30% of the total work hours could be automated by generative AI by 2030.
- By 2050, AI will have the potential to create personalized treatment plans, assist in surgeries, and create healthcare models.
Source: McKinsey, Goldman Sachs, PwC, McKinsey, Goldman Sachs, LinkedIn.
Impact Of AI On Cybersecurity
The cybersecurity industry has witnessed major shifts with the increased adoption of AI. The technology helps process massive amounts of data and identify attack patterns.
However, the increased adoption of AI has also led to increased cyber attacks as cybercriminals use new tools and techniques to automate attacks, evade security, and personalize phishing attempts.
Here are some insights about the impact of AI in the cybersecurity landscape.
- AI in the cyber security market is estimated to grow at a CAGR of 24.3% between 2023 and 2030, resulting in $93.75 billion.
The following table displays the size of AI in the cybersecurity market over the years.
| Year | AI in Cyber Security Market Size |
|---|---|
| 2023 | $20.43 billion |
| 2024* | $25.39 billion |
| 2025* | $31.56 billion |
| 2026* | $39.23 billion |
| 2027* | $48.77 billion |
| 2028* | $60.62 billion |
| 2029* | $75.35 billion |
| 2030* | $93.75 billion |
*- Projected values
- Over 90% of cyber security professionals are worried that hackers will leverage AI in cyberattacks.
- 52% of consumers are concerned about the AI’s ability to protect their personal data.
- Only 39% of US adults trust AI to be safe and secure.
- 4 in 5 US adults are worried that AI will be used for cyber attacks, while 78% are concerned that criminals can use AI for identity theft.
- Over one-third of organizations already use security tools to address the potential risks associated with AI usage.
- According to 56% of companies, the biggest obstacle in adopting generative AI is “inaccuracy.” However, just 32% of the companies have adopted a system to mitigate these inaccuracies.
- Data privacy is cited as the top ethical concern by 22% of company executives.
Source: Grand View Research, Delloite, Mitre, Semrush, Gartner, Deloitte.
The Benefits Of Using AI
AI has benefited various businesses and companies by cutting costs, automating the work process, and reducing the time required for tasks.
Let’s take a detailed look at the facts and figures highlighting the benefits of AI adoption.
- AI algorithms can potentially increase the lead-generation process by 50%.
- 81% of the employees stated that they can perform better with AI.
- 54% of the businesses witnessed cost savings and an increase in efficiency after adopting AI in IT, business, or network processes.
- Over half (52%) of businesses witness improvements in IT or network performance with the implementation of AI.
Sources: Snaplogic, IBM, Authority Hacker.
Challenges Of AI
With the advancement of AI technology, various challenges are faced either during or after the adoption of AI.
This section sheds light on the challenges of AI adoption.
- 59% of the people stated that lack of data science expertise is a main obstacle in unlocking the full potential of AI and big data technologies.
- 77% of the businesses stated that AI had forced them to rethink their business strategies and adapt to new ones.
- 59% of people hesitate to rely on AI for medical assistance like diagnosis and decision-making.
- 40% of the organizations that have adopted AI acknowledged that they have room for development and that their data management practices can be further improved.
- Around 3 in 4 CEOs are concerned about the lack of transparency in the AI market.
- 63% of the people are concerned that AI-generated content includes inaccuracies or potential biases.
- 40% of the executives believe the high cost of AI technologies is one of the significant barriers to AI adoption.
Source: Forbes, Edx, Pharmaceutical Technology, Authority Hacker, PwC, Harward Business Review.
Leading AI Technologies
AI has always pushed its boundaries and has set new standards of innovation. As a result, numerous generative AI technologies have been developed and launched in the past few years.
This section provides insights about the key players in the AI industry.
- With the adoption of generative AI, the global economy could gain approximately between $2.6 trillion and $4.4 trillion annually.
- ChatGPT has been adopted by more than 80% of the Fortune 500 companies.
- 46% of the US businesses reported saving $25,000 to $70,000 with the use of ChatGPT.
- With over $12 billion in funding, OpenAI is among the most well-funded startups in history.
- Google Gemini has 330.9 million monthly visitors as of January 2024 and is the most popular AI bot after ChatGPT.
- Microsoft confirmed the speculations that Bing AI will run on GPT-4 in March 2023.
Source: OpenAI, McKinsey, Statista, Bing, Similar Web.
After carefully observing the statistics, it is evident that AI will revolutionize our personal and professional lives in the upcoming decade.
The AI industry is growing rapidly every year by nearly 17.3%, and according to forecasts, AI will be valued at $738.7 billion by 2030.
It will indeed be fascinating to witness the changes that will be the new norm for the upcoming generation.
