AI Market Size

The artificial intelligence (AI) industry has experienced rapid and exponential growth in recent years, with the launch of ChatGPT in 2022 marking a major turning point. Since then, interest and investment in the AI sector have surged across the board. This momentum has not been limited to traditional IT companies, it has expanded into a wide range of industries, including manufacturing, finance, healthcare, and education.

According to global market research firms, the global AI market is projected to reach approximately $208 billion in 2024. It is expected to grow at a compound annual growth rate (CAGR) of 36.8%, reaching around $1.3452 trillion by 2030.

This extraordinary growth is driven not only by technological advancements but also by the increasing commercial viability of AI tools, their potential to significantly enhance productivity, and their role in enabling the creation of new business models.