AI

[New] The global AI in Fintech market was estimated at USD 6.67 billion in 2019 and is expected to reach USD 22.6 billion by 2025.
[New] With industries investing aggressively in projects that utilize AI software, IDC forecasts AI systems will more than double from 2018 to 2022 to $79.2 billion, with a CAGR of 38.0%.
[New] The global artificial intelligence (AI) in the drug discovery market is expected to grow from $1.60 billion in 2019 to $40.36 billion by 2027.
[New] China began developing regulations for the next generation of AI in 2016, estimating a 2020 completion date in efforts to become the global leader for artificial intelligence by 2030.
[New] Artificial Intelligence in Supply Chain Market is expected to reach USD 10,787.2 million by 2025 from USD 21.21 million in 2017 and is projected to grow at a CAGR of 8.1% in the forecast period of 2018 to 2025.
[New] Global spending on AI will reach 57.6 billion dollars by 2020 and 51% of companies will embark on the transition to AI with blockchain integration.
[New] The Machine Learning technology segment is estimated to account for the largest share of the overall artificial intelligence in cybersecurity market in 2020, as well as projected to grow with the fastest CAGR during the forecast period.
The global artificial intelligence (AI) market in manufacturing industry is poised to grow by USD 7.22 billion during 2019-2023, progressing at a CAGR of about 31% during the forecast period.
Total spending in AI, machine learning, and RPA will reach $231.9 billion by 2025.
The global Artificial Intelligence as a Service market is expected to exceed more than US$ 10 Billion at a CAGR of 47% in the given forecast period.
The value of AI to the global banking industry will reach $300 billion by 2030, with North America holding the largest market of $79 billion.
The Australian Defence Force unveiled that it plans to exploit virtual reality (VR) and gaming technologies, machine learning and artificial intelligence across Defence to enhance learning.
The market for specialised AI chips is already worth around $10bn, and could reach $80bn by 2025.
Scalability among existing businesses is one of the reasons that the AI market is expected to reach $390.9 billion by 2025.
The global AI in medical imaging market was worth the US $ 384.7 million in 2019 and is expected to reach US $ 7.4 billion by the end of 2027 at a CAGR of 45%.
By 2021, the contribution by digital coworkers will increase by 35% as more tasks are automated and augmented by technology, including AI, robotics, AR/VR, and intelligent process automation.
Technavio has been monitoring the artificial intelligence-as-a-service market and it is poised to grow by USD 15.14 billion during 2020-2024, progressing at a CAGR of over 48% during the forecast period.
Network applications integrated with machine learning and 3D modeling methods will become an indispensable tool for computational drug discovery in the next years.
Technologies like artificial intelligence and machine learning will have a major impact on global banking in the next five years.
The global Artificial Intelligence (AI) in Drug Discovery Market size is estimated to reach USD 3,932.87 million by 2027, exhibiting a CAGR of 40.5% from 2020 to 2027.
The global AI in cybersecurity market is projected to reach $38.2 billion by 2026 from $8.8 billion in 2019, at the highest CAGR of 23.3%.
The amount available for the EDF for 2021-2027 was initially expected to be 13 billion euros ($14 billion), of which up to 8% was to be dedicated to future disruptive defense technologies such as capabilities powered by artificial intelligence (AI).

See full forecast

Last updated: 01 July 2020