Global AI market expected to hit US$1.8 trillion by 2030: Report

According to investment advisory firm Invezz, the global artificial intelligence (AI) market is set to grow by 109.56 per cent, from a valuation of US$136.5 billion in 2022 to US$298 billion in 2024. In 2025, it is forecasted to reach US$420 billion, with expectations soaring to US$1.8 trillion by 2030.

“The projected boom in the global AI market reflects the seismic shift in industries embracing AI’s transformative potential,” said Harsh Vardhan, news editor at Invezz.

“This surge is not just about numbers; it embodies a fundamental shift in business mindsets globally, acknowledging AI as a catalyst for innovation and efficiency across sectors. The trajectory speaks volumes about AI’s evolution from a buzzword to an indispensable force, driving industries to rethink strategies, adopt advanced technologies, and pave the way for a future where intelligent systems revolutionize global operations and redefine business paradigms.”

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

CDN in your inbox

CDN delivers a critical analysis of the competitive landscape detailing both the challenges and opportunities facing solution providers. CDN's email newsletter details the most important news and commentary from the channel.

Big Bytes

Related Bytes