Article last updated on:
December 27, 2023

This research article delves into Artificial Intelligence (AI) growth, market size, key players, customer demography, global presence and more.

Let’s go.

Key Data: Must-know facts

  • The global AI market size in 2023 is $207 billion.
  • Baidu is the largest AI patent holder worldwide.
  • AI startup funding worldwide in Q2 2022 was $12.1 billion.
  • Global corporate AI investment is $91.9 billion.
  • Equity funding of AI healthcare deals is $4.34 billion.
  • The United States is the region with the most private investments in AI.
  • Intel Capital is the investor with the most AI investments.
  • The service segment revenue of the global AI market is $19.7 billion.
  • AI business operations’ global revenue in 2023 is $10.8 billion.
  • The fashion AI market value in 2022 is $861.6 million.
  • ByteDance is the most valued AI unicorn startup worldwide.
  • The financial services AI adoption rate in operations is 24%.
  • Inspur is the leading AI server vendor worldwide.
  • The biggest AI use case in pharma/healthcare is for quality control.
  • The biggest AI use case in IT/telecommunications is for cybersecurity.

The most in-depth report: AI Industry

A. Market Size

The AI industry market is projected to grow from nearly $100 billion in 2021 to around $1.85 trillion by 2030, with significant growth expected each year.

YearAI Industry Market SIze
2030$1.85 trillion
2029$1.4 trillion
2028$1.1 trillion
2027$795.38 billion
2026$582.95 billion
2025$420.47 billion
2024$298.25 billion
2023$207.9 billion
2022$142.32 billion
2021$95.6 billion

Source: Statista

1. Chatbots

The AI chatbot market is projected to grow from $190.8 million in 2016 to $1.25 billion in 2025.

YearAI Chatbots Market Size
2025$1.25 billion
2016$190.8 million

Source: Statista

2. AI-Driven Robots

The AI-driven robots market is projected to grow from $6.87 billion in 2021 to $77.7 billion in 2030, with a tenfold increase expected over the next decade.

YearAI-Driven Robots Market Size
2030$77.7 billion
2029$63.87 billion
2028$51.21 billion
2027$40.17 billion
2026$30.89 billion
2025$23.35 billion
2024$17.4 billion
2023$12.83 billion
2022$9.39 billion
2021$6.87 billion

Source: Statista

B. Industry Revenue

The global AI software market is projected to reach $70.94 billion in 2023 and is forecast to grow rapidly, reaching $126 billion by 2025.

YaerAI Industry Market Revenue
2025$126 billion
2024$94.41 billion
2023$70.94 billion
2022$51.27 billion
2021$34.87 billion
2020$22.59 billion
2019$14.69 billion
2018$10.1 billion

Source: Statista

C. Industry Investments

Global corporate investment in artificial intelligence (AI) reached almost $92 billion in 2022, showing consistent growth since 2016.

YearInvestment In AI
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: Statista

D. AI Startup Funding

In recent years, AI startup funding has seen significant growth, with investments reaching billions of dollars annually.

YearAI Startup Funding
2023$5.4 billion
2022$46.2 billion
2021$72.1 billion
2020$32.2 billion

Source: Statista

D. Changes: AI Investments

Most business leaders expect significant growth in Artificial Intelligence (AI) investments, with 76% planning to increase their investment, 20% expecting it to stay the same.

Only 3% considering a decrease.

Increase somewhat / significant investment76%
Stay mostly the same20%
Decrease somewhat / significant devestment3%
Unsure / NA1%

Source: Statista

How important AI is to businesses

AI is considered crucial for the success of businesses, with 94% of respondents stating its importance.

AI Importance To BusinessesShare of Respondents
Very important/important94%
Somewhat important5%
Not important at all1%

Source: Statista

A. Adoption Rate

The AI adoption rate in businesses grew significantly from 2017 to 2022, reaching 50% in 2022, compared to 20% in 2017.

YearAI Adoption Rate In Businesses

Source: Statista

1. AI Capability Adaption Rate

The AI capability adaption rates in businesses vary across different fields, with robotic process automation having the highest rate at 39%.

AI Capability In BusinessesAI Capability Adaption Rate
Robotic process automation39%
Computer vision34%
Natural-language text understanding33%
Virtual agents or conversational interfaces33%
Deep learning30%
Knowledge graphs25%
Recommender systems25%
Digital twins24%
Natural language speech understanding23%
Physical robotics20%
Reinforcement learning20%
Facial recognition18%
Natural language generation18%
Transfer learning16%
Generative adverserial networks (GAN)11%

Source: Statista

2. By Industry & Function

AI adoption rates vary across industries and functions, with service operations and corporate finance having the highest usage at over 20%.

Financial services lead in AI usage for product making at over 30%.

Industry & FunctionHuman resourcesManufacturingMarketing & SalesProduct/service developmentRiskService operationsStrategy & corporate financeSupply chain management
All industries11%8%5%10%19%19%21%9%
Business, legal, and professional services11%10%9%8%16%20%19%12%
Consumer goods/retail14%4%3%4%15%31%29%11%
Financial services1%8%7%31%17%24%23%2%

Source: Statista

B. Companies With The Most AI & ML Patent

Baidu leads with 13,993 AI & ML patent families, followed by Tencent with 13,187 and IBM with 9,500.

State Grid Corp11,5558,2425,6673,7952,442
Chinese Academy of Sciences9,9097,6615,6604,1202,886
Ping An Insurance9,1426,7144,2072,531534
Alibaba Group5,4294,0603,0222,2871,107

Source: Statista

C. AI Implementation Plans In Organizations

Leaders in organizations are adopting AI systems and programs more than others in 2022, with 36% having fully enabled/widespread adoption, 35% having limited use cases, 14% having promising proof of concept/looking to scale, and 10% having tested proof of concepts with limited success.

Processes fully enabled / widespread adoption36%20%
Limited AI use cases35%25%
Promising proof of concept / looking to scale14%20%
Tested proof of concepts with limited success10%23%
Not yet using but considering4%12%

Source: Statista

D. AI Impact On Life

According to a 2022 survey in the United States, 31% of respondents aged 30-44 believed that artificial intelligence would make their lives much easier.

AI Impact on LifeAge 18-29Age 30-44Age 45-64Age 65+Total
Much easier22%31%6%5%16%
Somewhat easier27%26%21%19%23%
Neither easier nor harder24%18%29%33%26%
Somewhat harder7%6%5%4%6%
Much harder4%3%5%2%4%
Not sure17%17%33%36%26%

Source: Statista

E. AI Impact On Jobs

According to a 2022 survey in the United States, 18% of respondents believed that artificial intelligence will result in many fewer jobs, while 25% of respondents aged 30-44 thought that AI will create many more jobs.

AI Impact on JobsAge 18-29Age 30-44Age 45-6465+Total
Many more jobs17%25%3%3%12%
Somewhat more jobs19%20%8%8%13%
Neither more nor fewer jobs24%18%14%17%18%
Somewhat fewer jobs16%12%23%26%19%
Many fewer jobs9%9%29%19%18%
Not sure15%16%23%27%20%

Source: Statista

D. AI Impact On Labor In Organizations

AI is widely used in 2022 to enhance hiring and reduce redundancy. Leaders with comprehensive AI adoption outperform others in terms of implementation, with 42% having implemented AI compared to 30% of others.

AI Impact On Labor In OrganizationsLeadersOthers
Have implemented42%30%
Have a plan and started to implement35%37%
Developing a plan16%25%
Do not plan to do this4%6%
Not sure2%1%

Source: Statista

FAQ: Most common AI-related questions

A. What does AI mean?

AI stands for Artificial Intelligence.

It is a branch of computer science that deals with the creation of intelligent agents, which are systems that can reason, learn, and act autonomously.

B. What is an example of Artificial intelligence?

An example of AI is virtual personal assistants like Siri, Alexa, or Google Assistant.

These AI-driven assistants use natural language processing and machine learning to understand and respond to voice commands and text queries.

  • They can answer questions, set reminders, give weather updates, control smart home devices, and more.
  • Virtual personal assistants are a common application of AI that people interact with daily….
  • Showcasing the technology’s ability to understand human language and assist with tasks.

C. Who is the founder of AI?

John McCarthy is considered the father of artificial intelligence (AI).

  • He coined the term “artificial intelligence” in 1956 and was a founder of the Dartmouth Summer Research Project on AI, the birthplace of AI.
  • McCarthy made significant contributions to AI research in logic programming, natural language processing, and machine learning.

Other notable pioneers in AI include: Alan Turing, Marvin Minsky, Allen Newell, Herbert A. Simon, Warren McCulloch, Walter Pitts, Frank Rosenblatt, Arthur Samuel, Ray Solomonoff, John Nashand Noam Chomsky.

They laid the foundation for modern AI research.

D. What are the 4 types of AI?

There are 4 main types of AI: reactive, limited memory, theory of mind, and self-aware.

  • Reactive machines can only respond to stimuli in the present moment and cannot learn from their experiences. Examples include thermostats and vending machines.
  • Limited memory machines can store and use past information to make decisions. Examples include chess-playing computers and spam filters.
  • Theory of mind machines can understand and model the thoughts and feelings of other agents. Examples are still under development, but they could be used in social robots and customer service chatbots.
  • Self-aware machines are aware of their own existence and can reason about their thoughts and actions. They are still hypothetical but are the subject of much AI research.

E. What type of AI is ChatGPT?

ChatGPT is a type of AI called a generative pre-trained transformer (GPT) model.

  • GPT models are trained on massive datasets of text and code, which allows them to generate text, translate languages, and answer questions in an informative way.
  • ChatGPT is a particularly advanced GPT model that is able to generate text that is more informative and comprehensive than previous models.

F. Which AI is the most used?

The most used AI is used in search engines to rank search results and provide relevant information to users.

Other commonly used AIs include recommendation systems, virtual assistants, fraud detection, medical diagnosis, and self-driving cars.

G. Which country uses AI the most?

The United States and China are the top two countries using AI the most.

Following are Japan, Germany, and the United Kingdom.

H. How to make money using AI?

  • A freelance writer utilizes AI to generate ideas for blog posts and create initial drafts of articles.
  • A small business owner employs AI to automate marketing through email and social media.
  • A software developer creates and sells AI-powered tools designed to optimize marketing and sales campaigns for businesses.
  • An investor supports AI startups that are developing innovative products and services.
  • A content creator utilizes AI to produce images and videos for social media accounts.


This guide covered everything about the Artificial Intelligence industry’s statistics.

We hope you learned new things about AI.

Learn how to become more productive with our guides on how to use AI.

Thank you for reading this,

Ch David and Daniel

About the author

David, the head editor at, has four years of experience in Artificial Intelligence and Machine Learning. Join David and the team and explore AI tools and contributing to the creation and curation of AI educational content.