Part 1Outside of science fiction, many of us first heard about AI with the release of popular generative AI tools like ChatGPT. While these are a huge part of AI’s growth, it has been adopted by many industries and goes far beyond chatbots.
These AI statistics look more closely at the rise of the global AI market, how the technology is being applied, and what to expect in the future.
Key AI Statistics Everyone Should KnowThink you know a lot about AI? These key stats put everything into perspective.
•
Between 50% and 60% of all organizations are using AI. •
The global artificial intelligence market is valued at $136.55 billion. •
AI automation could replace 300 million existing human jobs. •
Generative AI software is expected to be worth $3.7 billion by the end of 2023. •
By 2030, the global AI market is expected to reach $1.81 trillion.AI Adoption and Usage StatisticsThe following AI statistics look at the rate of adoption as a whole and in specific industries.
1. Between 50% and 60% of all organizations are using AI.
(Source:
McKinsey)
AI adoption has skyrocketed in recent years, more than doubling since 2017. However, between 2019 and 2022, adoption is leveling out at between 50% and 60%.
Between 2018 and 2022, digital budgets went from 40% going towards AI to 52%.
2. 77% of businesses have already adopted AI or have an adoption plan.
(Source:
IBM)
It is businesses more than individuals that are leading the charge in AI. 35% of businesses have already started using some form of AI, while 42% are planning to adopt it in the near future. This has given rise to fears that human roles will partly or fully be replaced by AI systems.
3. AI is most heavily used within ‘service operations’ and ‘strategy & corporate finance’.
(Source:
Statista – AI by Industry)
In 2022, AI was used the most for service operations (customer service) and strategy & corporate finance (mapping out the future of a company and its finances). Of almost all industries that use AI, 20% of usage was applied to these two business functions.
The financial services industry stood out the most for using AI to develop new products and services, with 31% of respondents using it this way.
4. An average of 3.8 different AI capabilities are being used by organizations that have adopted AI.
(Source:
McKinsey)
As of 2022, adopters of AI have embedded an average of 3.8 AI capabilities within their organizations. This is up from 1.9 capabilities in 2018 but down 0.1 from 2021.
The most common application is robotic process automation. This is a technical way to describe digital automation and does not refer literally to robots.
5. Every 1 in 3 college students are using generative AI like ChatGPT to do their homework.
(Source:
Intelligent.com)
ChatGPT’s human language models make it perfect for crafting essays and answering questions. Research suggests as high as 30% of US college students have used the tool for homework. 60% of those students rely on AI to complete more than half of all college work.
6. 19% of healthcare organizations are already using some form of AI.
(Source:
Statista – AI Adoption)
The healthcare industry is at the forefront of many AI technologies, with around a fifth of organizations already having used it for at least 2 years. Another 18% are in the process of adopting AI.
7. IT and Telecommunications use machine learning more than any other industry.
(Source:
Fortune Business Insights)
Machine learning is a key subset of artificial intelligence. It involves training a system on a large dataset to recognize patterns and extract insights from the data.
Currently, the IT and Telecoms industry has an 18.6% share of the market. The financial industry, auto industry, retail, and healthcare all have significant investments in machine learning too.
8. More than half
of telecommunications organizations use chatbots(Sources:
Gartner,
Accenture)
Public-facing chatbots are revolutionizing the way customer support is delivered. It allows for out-of-hours problem-solving and reduces reliance on low-skilled support staff. Telecoms businesses are leading the charge, with 52% already using AI chat support bots.
Despite this, only 7% of people trust chatbots when making a claim.
9. 55% of Americans say they interact with AI at least once a day.
(Source:
Pew Research)
A survey of more than 11,000 US adults found 55% encounter AI in some form at least once a day. 27% of these respondents interact with AI more than once a day. This includes AI wearables, chatbots, personalized online shopping recommendations, and other common uses.
10. Half of US smartphone users use AI voice search features every day.
(Source:
Forbes – AI Stats)
Another way AI is being adopted in everyday life is through our mobile devices. Roughly 50% of US mobile users turn to their device’s voice search feature each day, which uses AI to recognize the owner’s voice commands and pull data from the internet.
11. 50% of organizations using AI are benefitting from automated IT, business or network processes.
(Source: IBM)
Of those that are benefitting, 54% are seeing cost savings and efficiencies, 54% are seeing improvements in IT or network performance, and 48% are delivering better experiences for customers.
12. Easier accessibility is the main driver behind AI adoption
(Source: IBM)
Of the top 10 factors driving AI adoption among businesses, easier accessibility is the most important (43%). This is followed by the need to cut costs and automate processes (42%). The least important factor was environmental pressure (20%).
13. Lack of AI skills among businesses is slowing AI adoption.
(Source: IBM)
The main barrier for businesses that have yet to adopt AI is a lack of expertise in how the technology works (34%). This foreshadows a rise in AI expert roles that will be tasked with onboarding and collaborating with AI.
Currently, IT professionals are the most likely to be the ones using AI within their organizations (54%), with data engineers following (35%).
As well as a lack of experts, not using AI it is about the cost of implementation (29%). This is likely to correct itself as the technology becomes more widespread and the price comes down. Moreover, AI itself saves businesses money further down the line.
14. The United States ranks number 1 on the Global AI Index.
(Source:
Tortoise Media)
The United States ranks number 1 on the Global AI Index, followed by China, Singapore, the United Kingdom, and Canada.
This ranks countries based on their investment in AI, innovation, implementation, and other important markers. Kenya is at the bottom of the 62-country list.
15. AI automation could replace 300 million existing human jobs.
(Source:
Goldman Sachs)
Because it can replace repetitive administrative tasks and handle vast quantities of data more efficiently than humans, it has been predicted that AI could replace 300 million existing human roles. This equates to 25% of all job tasks in Europe and the United States.
While this would still require some human collaboration and would actually increase GDP by approximately 7% due to more productivity, experts believe there will be a significant period of job instability.
16. 80% of US workers will lose at least 10% of their daily tasks to AI.
(Source:
OpenAI)
OpenAI, the company behind the popular ChatGPT technology predicts that 80% of the US workforce will be impacted by AI by at least 10%. Only a select 19% of automation-prone workers will see half or more of their day-to-day tasks replaced by AI.
In other words, nearly everyone will be affected a little, while some people’s whole jobs will change or be replaced.
AI Market Share and Growth Statistics
How valuable is AI, what is the technology’s growth rate, and which countries and sectors stand out? The following statistics take a closer look at the global AI market.
17. The global artificial intelligence market is valued at $136.55 billion.
(Source:
Grand View Research)
In 2022, the global AI market was valued at $136.55 billion and was led by the advertising and media segment with a 19.5% share. Other notable segments include healthcare, automotive & transportation, and others like education.
18. By 2030, the global AI market is expected to reach $1.81 trillion.
(Sources:
Grand View Research,
PwC)
As healthcare takes a leading role, the entire AI market is estimated at more than $1.8 trillion be the end of the decade. This represents a compound annual growth rate (CAGR) of 37.3% from 2023 to 2030 or 13 times its current value.
For the same period, AI is expected to have a total economic impact of $15.7 trillion. $6.6 trillion of this will be thanks to increased productivity, while $9.1 trillion is expected to be down to consumption-side effects.
19. North America has the highest AI market share by region.
(Source:
Grand View Research)
When looking at the regional share of the AI market, North America dominated in 2022, accounting for 36.8% of global AI revenue. Meanwhile, the Asia-Pacific region is the fastest-growing market moving forward.
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