AI STATISTICS APRIL 2024

Top AI Statistics
(SellCell Editors Choice)

Explore top artificial intelligence statistics that demonstrate the worldwide influence and significance of AI. This report will examine the potential impact of artificial intelligence on the global economy and its effect on the workforce and careers. How will AI impact daily life in 2024 and transform society in the long run?

This report will explore trends in artificial intelligence, such as the role of chatbots, as well as predictions for the current and future market size and growth of AI. The article uncovers how AI will shape and impact the future in terms of technology, people, jobs, and businesses.

To begin, let's take a look at our editors' selection of the top AI statistics for 2024.

• By 2027 the Total AI market size is forecast to reach $407 billion [1]
• AI market share is expected to reach an estimated $207.9 billion by 2023. This figure is projected to skyrocket by an impressive 788.64% to a staggering $1.87 trillion by 2030 [2]
• Artificial Intelligence is estimated to contribute to a 21% net increase in GDP in the USA by the year of 2030 [3]
• 75% of people are worried about AI misinformation. [4]
• Within 5 days of launch ChatGPT had secured 1 million users [5]
• It is predicted that 1 in 10 cars by 2030 may be self driving. [6]
• Businesses expect Artificial Intelligence to improve productivity by up to 64% [7]

What is AI?

Artificial intelligence is the science of making machines think like humans. It involves enabling machines to conduct complex brain activities that are typically associated with human brains. Instead of focusing on human or animal intelligence, artificial intelligence studies the intelligence of software and machines.
In simpler terms, artificial intelligence allows machines to think and behave like humans. It enables machines to develop predictive patterns of human behavior and make decisions based on human-like judgments. Through machine learning, machines can perform tasks like humans and adapt and react to different situations. The main goal of artificial intelligence is to enhance and expedite decision-making processes, automate tasks to save costs, and improve customer experiences.

Generative AI is a type of AI technology that can create various types of content, including text, images, audio, and synthetic data. It has recently gained a lot of attention due to the user-friendly interfaces that allow for the quick and easy creation of high-quality text, graphics, and videos.

Where is AI Used Today?

Artificial intelligence is being used in various aspects of our daily lives. For instance, Google Search utilizes AI to provide personalized search results based on your search history and data.

Your iPhone's facial recognition feature is another example of AI in action, ensuring your security. Digital personal assistants like Siri, Google Now, and Alexa are also powered by AI and are actively used today. Interactive maps and navigation systems such as Apple Maps and Google Maps rely on AI to manage traffic

and provide real-time updates. Streaming platforms like Netflix and Prime Video use AI to recommend shows and movies based on your preferences. Smart sensors in homes adjust heat and room temperature using AI. Additionally, AI is used in spell check on emails to enhance and automate our daily lives. Sales and marketing chatbots also utilize AI technology. Moreover, many restaurants now employ AI to handle phone calls for dinner bookings, with some AI voice bots being so human-like that you may not even notice the technology at play.

AI is also used widely across all of these categories.

E-COMMERCE

• Personalised shopping
• AI powered assistants
• Fraud prevention

ROBOTS

• Carrying goods in hospitals, factories and warehouses
• Cleaning offices and large equipment
• Inventory management

LIFESTYLE

• Autonomous vehicles
• Spam filters
• Facial recognition
• Recommendation systems

EDUCATION

• Administrative tasks automated to aid educators
• Creating smart content
• Voice assistants
• Personalised learning

HEALTHCARE

• Machines that detect diseases and identify cancer cells
• Analyse lab and other medical data to ensure early diagnosis
• Analyse historical data and medical intelligence for the discovery of new drugs

HUMAN RESOURCES

• Used to help with the job application process
• Examines applications based on defined parameters
• Scans job candidates profiles and resumes

NAVIGATION

• AI heavily used by Uber and logistics companies to improve operational efficiency

Statistics
How AI is Being Used Daily?

How many people are using AI in day-to-day life in 2024? Here are some of the key AI Statistics to show how AI is being used on a daily basis.

• There are over 1 in 4 US adults that currently have a smart speaker in the US [8]
• Over 50% of people in the USA use voice assistants [9]
• Artificial Intelligence is being used to discover unknown strains of disease and as part of disease protection [10]
• Globally there are 4 billion plus voice assistants being used [11]
• Every single day Whatsapp is currently managing 100 billion AI-processed messages [12]
• Google leads the way with AI technologies. 9 billion daily search queries are being made via Google [13]

Where do People Plan to Use AI?

Most Common Way Consumers Plan
to Use Artificial Intelligence

• 45% of people plan to use AI to respond to people via text message or email [14]
• 43% of people plan to use AI to get answers to financial questions [14]
• 35% of people want to use AI to plan their trips and vacations [14]
• 30% of people want to use AI to prepare for a job interview [14]

AI General Adoption
Statistics & Predictions

Artificial Intelligence has been used for a while now, but the recent releases of Chat GBT and Google Bard have significantly raised public and media awareness about the advantages of AI technology.

As a result, more and more consumers are starting to embrace it. In fact, Chat GPT alone has 13 million daily users. Now, let's examine the overall adoption rates of AI worldwide.

• 50% of mobile phone users in the US are using voice search on a daily basis [15]
• Between 2023 to 2030 AI is predicted to experience an annual growth rate of 37% [16]
• In 2024, over 100 million individuals in the U.S. are projected to utilize generative AI. By the following year, in 2025, this figure is estimated to rise to 116.9 million. According to eMarketer, over half of Americans aged 12 to 44 will be using generative AI by 2025. [17][18]
• Within 5 days since launch ChatGPT reached 1 million users [19]
• The Compound annual growth rate of AI Globally is 40% [16]
• By 2026, the market for Artificial Intelligence in China is expected to surpass US $26.7 billion [20]
• Self driving cars has the potential to generate revenue ranging from $300 billion to $400 billion by the year 2035 [21]
• By 2025 AI will assist 9 in every 20 customer interactions [22]
• Chat GPT has 100 million users. It is predicted that 20% of people in the US will utilise Chat GPT at least once per month in 2024. [23][18]
• Chat GPT has good awareness rates in the USA with 58% of adults being aware of it. Adoption rates are behind though with only 14% having used Chat GPT in the US. [24]
• 27% of Americans claim that they interact with Artificial Intelligence technology many times a day. [25]
• 44% of American adults now use AI to learn new things, whilst 49% say they use AI to find new information. [26][27]
• Global adoption for AI usage in 2022 was 35%. This is up 4 percentage points YOY [28]

AI Adoption in
Workplace & Predictions

Artificial Intelligence (AI) is computer software that mimics how the human brain thinks to solve problems and reach objectives. AI is being widely used by businesses and organizations, especially for customer service purposes like chatbots and virtual assistants seen on websites. It is also used for automating HR and training tasks. Ai is commonly used to translate languages also via Google Translate.

Despite being a relatively new technology, AI is gaining popularity globally as organizations aim to simplify operations and enhance productivity and quality standards. But Is artificial intelligence being effectively adopted in companies and workplaces? Let us ascertain the extent to which employers and companies are using artificial intelligence technology. Let’s see the AI Adoption Statistics in the Workplace.

Let's see the AI Adoption Statistics in the Workplace

AI What is it Worth?
Financial Predictions

Based on data obtained by Finbold, the AI market share is expected to reach an estimated $207.9 billion by 2023. This figure is projected to skyrocket by an impressive 788.64% to a staggering $1.87 trillion by 2030. [16]

In fact, the market share is predicted to surpass the $1 trillion mark for the first time in 2028, reaching an impressive $1.06 trillion. These statistics demonstrate the immense potential and growth opportunities that the AI industry has to offer. [16]

Of course there are other predictions and views, let's look at What is AI worth now and predictions for the future.

• The global market for AI software is projected to experience substantial growth, with an estimated increase from $64 billion in 2022 to approximately $251 billion in 2027. This growth is expected to be driven by a compound annual growth rate (CAGR) of 31.4% [42]
• It is projected that the market for wearable artificial intelligence (AI) devices will attain a value of $180 billion by the year 2025. [43]
• AI technology can boost revenue by over $15 trillion in the next ten years. [44]
• AI chip revenue will exceed $80 billion globally within the next five years. [45]
• Netflix's recommendations technology generates $1 billion in revenue every year. [46]
• Global Market Insights has found that the AI wearable market is projected to reach a value of $180 billion worldwide by 2025. [43]
• Allied Market Research predicts that the AI in the social media market will hit $12 billion by 2031, with a CAGR of 28.7% from 2022 to 2031. [47]
• It is expected that the global artificial intelligence (AI) market will achieve a valuation of $407 billion by the year 2027. This forecast is based on a compound annual growth rate of 36.2% starting from 2022. [48]
• According to projections made by business analysts, it is anticipated that the market size of artificial intelligence in the United States will approach approximately $228 billion by the year 2026. [49]
• The artificial intelligence market witnessed a significant growth in 2022, with a valuation of USD 136.55 billion. Moving forward, it is anticipated to experience a compound annual growth rate (CAGR) of 37.3% from 2023 to 2030 [16]

Artificial intelligence (AI) market size worldwide in 2021 with forecast until 2030 [81]

Global AI software revenue [50]

AI Employment
Impact & Predictions

AI-powered tools can automate repetitive and time-consuming tasks in businesses, enabling employees to focus on more strategic work. AI can automate data entry and analysis, customer service inquiries, and even recruitment and training processes. However, what will be the impact of Artificial Intelligence on employment levels worldwide? Will AI enhance productivity, efficiency and create new jobs? Or will AI lead to redundancies? Let's examine the statistics to find out.

Let's examine the statistics and find out.

• A significant majority of individuals, specifically 77%, express apprehension regarding the potential impact of Artificial Intelligence (AI) on employment within the upcoming year. [4]
• AI could displace 400 - 800 million workers. [51]
• 49% of employers believe that AI will have a beneficial effect on job growth, while only 23% anticipate a negative impact from AI. [52]
• AI is expected to generate 97 million jobs, according to research. [53]
• In the United States, 38% of adults believe that AI will enhance white collar job prospects, whereas 42% believe that AI will diminish these opportunities. Regarding blue collar jobs, 37% anticipate AI to improve opportunities, while 46% fear they will worsen. On a global scale, 36% of workers expect AI to replace their current jobs. [54]
• Companies are hiring software engineers and data engineers to provide assistance for AI. [51]
• Almost 25% of business owners are worried that AI will impact the number of visitors to their websites. [7]

• Transportation and storage workers are at the highest risk of job automation. [55]
• In less than five years, it is anticipated that artificial intelligence (AI) and machine learning (ML) will displace approximately 16% of the total workforce across various industries in the United States. [56]
• Hiring professionals have a positive outlook or are cautiously optimistic about the impact of generative AI in recruiting, as indicated by 68% of them. [57]
• 69% of executives think that AI will result in the creation of new job positions. [58]
• The main reason people feel more concerned than excited about the growth of AI is the loss of human jobs. However, younger individuals are more optimistic about AI in the workplace. [59]
• 41% of Americans aged 18-44 think AI will create more jobs, whilst only 11% of those aged 45 and over believe the same. On the other hand, 49% of the older age group believe AI will lead to fewer jobs, while only 23% of the younger age group share this belief. [60]

AI Business
Impact & Predictions

Artificial Intelligence has the power to revolutionize efficiency and productivity in workplaces. AI can automate routine tasks, freeing up valuable human time, potentially resulting in increased productivity.

Research shows that 83% of business owners prioritize using AI in their business strategies. What impact will the roll out of AI have on business owners and companies? How important is the use of AI in business strategy? Let's examine the statistics.

Source [50]

Source [50]

Importance of Artificial Intelligence solutions to organizations'
overall success worldwide in 2022 [61]

• 94% of business leaders believe that Artificial Intelligence Technologies and Solutions are fundamental to the critical success of their business [61]
• Ninety-seven percent of business owners hold the belief that ChatGPT will prove beneficial for their enterprise. [7]
• More than 60% of business proprietors hold the belief that artificial intelligence (AI) will enhance customer relationships. [7]
• AI will increase productivity, according to over 60% of business owners. [7]
• A majority of marketers, specifically 58%, whose respective companies employ generative AI for content creation, have identified increased performance as the Top advantage. [62][63]
• Using AI in IT, business, or network processes is resulting in cost savings and efficiencies for 54% of organizations. [29]
• According to recent findings, a notable 67% of executives hold the belief that generative artificial intelligence will not cause significant disruption within their respective industry. [58]
• Executives anticipate a 9% enhancement in customer engagement and satisfaction within a span of three years, attributing this progress to the utilization of generative AI. [58]

AI Impact on
Marketing & Predictions

AI is now essential in our lives and has significantly impacted industries like marketing and advertising. AI has transformed marketing and advertising by automating tasks and providing personalized experiences to customers. With machine learning algorithms, businesses can analyze customer data and create targeted campaigns that resonate with specific audiences. This not only improves campaign effectiveness but also enhances the overall customer experience. Let's examine the statistics on how AI will impact the marketing and advertising industries. Let also find out if users will be receptive to AI tools?

• The marketing and sales departments give 40% more importance to AI and ML for achieving market revenue success compared to other departments in the industry. [64]
• AI algorithms can boost leads by up to 50%. [65]
• About 40% of marketers think that using AI for email marketing can increase sales. [66]
• 76% of marketers who use generative AI use it for creating basic content and writing copy. [18]
• 62% of consumers are okay with using generative AI in marketing and advertising, as long as it doesn't make their overall experience worse. [67]

• 26% of organizations use AI for marketing and sales, and 22% specifically use conversational AI or virtual assistants. [29]
• 29% of companies are currently using or thinking about using natural language processing (NLP) AI for marketing. [29][68]
• AI is being used for sentiment analysis by 16% of organizations [29]
• 14% of companies are using generative AI for marketing and sales. [69]
• According to Gartner, by 2025, AI will generate 30% of marketing messages sent by big companies. [70]

AI Impact on
Customer Service & Predictions

By implementing automation in routine customer service tasks, artificial intelligence has the potential to enhance customer experience through increased self-service alternatives. Furthermore, it can contribute to resolving significant challenges within the industry, particularly employee inefficiency and distraction. Let’s see the statistics on how AI is impacting customer service

• 35% of business leaders think that virtual assistants are the most useful type of AI for sales and customer service. [58]
• 38% of business leaders are investing in AI to improve customer experience and keep customers coming back. [71]
• 38% of companies are currently using or thinking about using NLP AI for customer service. [29]
• 47% of companies that currently utilize AI reported that they primarily employ generative AI for sales and customer service purposes. [72]
• 83% of business executives believe that using chatbots to automate customer service and enhance knowledge management is the most important way to apply generative AI to their business. [58][73]
• 89% of people who regularly use generative AI chatbots are happy with their experience. [67]

Do People Trust AI?

AI is becoming more common in our daily lives, from chatbots to self-driving cars. Do people trust AI? Does using AI make businesses more trustworthy? Are there certain situations where people are more concerned about AI? Let's look at some AI trust statistics.

How likely are you to trust a business that uses AI [14]

Types of Content Where Consumers are Concerned with Artificial Intelligence [14]

Do you think AI is making Americans' life easier or harder? [74]

Will AI Take Over The World?

Recent discussions have been characterized by concerns regarding the potential implications of advancements in artificial intelligence. The latest generative AI has demonstrated remarkable capabilities in various domains such as creation, replication, translation, coding, as well as visual and design production.

While some individuals express apprehension about the possibility of machine learning surpassing human capabilities, a more realistic concern lies in the potential unpredictability resulting from programming errors. Elon Musk recently emphasized the detrimental consequences of excessive reliance on AI for critical tasks, cautioning against the risk of civilization destruction and the potential overtaking of humans by artificial intelligence within the next five years. The primary anxieties revolve around potential job losses, the unpredictability associated with excessive utilization of AI, and the financial implications that early adoption may entail for businesses. Nevertheless, it is undeniable that AI will continue to progress and evolve, benefiting both users and companies. To remain competitive, it is imperative to fully embrace this technology and avoid being left behind.

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