Home » Blog » ai technologies set to bring in 208billion in 2023

AI Technologies Set To Bring In $208Billion In 2023

Vyom Chaud
We sometimes use affiliate links in our content, when clicking on those we might receive a commission - at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.

Artificial Intelligence is the latest buzzword in the tech industry. With the ever-increasing popularity of the chat engine ChatGPT, A.I. has become popular in normal households. According to the numbers presented by SafeBettingSites.com, the AI market size is set to $208 billion in 2023. 

The AI market to grow by 46% in 2023

Ever since the popularity of Chat GPT, AI has captured the imagination of the entire world, and today has uses from entertainment betting to answering customer support calls. This sudden burst in popularity has helped the AI market overall as various tech giants have sped up their efforts on the technology. 

According to the numbers available on Statista.com, the Artificial Intelligence market is set to grow significantly in 2023, and the trend is set to continue beyond. Last year was also a good one for AI, as the market witnessed massive growth. The annual revenue from Artificial Intelligence grew from $95.6 billion (in 2021) to $142.3 billion (in 2022), indicating an increase of 48.8%.

The AI industry is going to carry the same momentum in 2023. According to the estimates, the Artificial Intelligence market is set to bring in $207.9 billion in revenue in 2023. The revenue size in 2023 would indicate a further increase of 46.1%. In other words, the AI market size is set to more than double itself in the space of two years.

If we look further into the future, the AI craze is not going to calm down anytime soon. The AI market size is predicted to grow almost at the same rate (or even better) till the end of the decade. The estimated annual revenue for 2024 is $298.2 million, which would mean a further increase of 43.5%.

Furthermore, the annual market size of Artificial Intelligence is estimated to cross the $1000 billion mark by 2028. This landmark would mean an impressive feat considering the yearly market size was smaller than $100 billion in 2021.

As per the estimates, AI technologies will be bringing in around $1847.5 billion in annual revenues by 2030.

Vyom Chaud
Vyom Chaud

Vyom Chaud left his IT job to follow his love for soccer. He has been writing about the beautiful game for the last 6 years contributing articles to The Daily Mail, Vocal, Fan Sided and many other publications. He can spin stories with numbers and thinks data is beautiful. An avid Arsenal fan, he spends most of his time dissecting the nuances of the game. He has played football, cricket and badminton at an amateur level.

Was this article helpful?