The market for artificial intelligence grew beyond 184 billion U.S. dollars in 2024, a considerable jump of nearly 50 billion compared to 2023. This staggering growth is expected to continue with the market racing past 826 billion U.S. dollars in 2030. AI demands data Data management remains the most difficult task of AI-related infrastructure. This challenge takes many forms for AI companies. Some require more specific data, while others have difficulty maintaining and organizing the data their enterprise already possesses. Large international bodies like the EU, the US, and China all have limitations on how much data can be stored outside their borders. Together these bodies pose significant challenges to data-hungry AI companies. AI could boost productivity growth Both in productivity and labor changes, the U.S. is likely to be heavily impacted by the adoption of AI. This impact need not be purely negative. Labor rotation, if handled correctly, can swiftly move workers to more productive and value-added industries rather than simple manual labor ones. In turn, these industry shifts will lead to a more productive economy. Indeed, AI could boost U.S. labor productivity growth over a 10-year period. This, of course, depends on a variety of factors, such as how powerful the next generation of AI is, the difficulty of tasks it will be able to perform, and the number of workers displaced.

In 2024, Artificial Intelligence Market was valued at $224.41 Billion and projected to reach $1236.47 Billion by 2030, due to increasing number of data globally.

The market size in the artificial intelligence market in the United States was forecast to continuously increase between 2024 and 2030 by in total 173.5 billion U.S. dollars (+345.89 percent). After the eighth consecutive increasing year, the market size is estimated to reach 223.68 billion U.S. dollars and therefore a new peak in 2030. Find more key insights for the market size in countries and regions like the market size in the 'Machine Learning' segment of the artificial intelligence market in Nordics and the market size in the 'Machine Learning' segment of the artificial intelligence market in the world. The Statista Market Insights cover a broad range of additional markets.

The market size in the 'Generative AI' segment of the artificial intelligence market in the United States was forecast to continuously increase between 2024 and 2030 by in total 103.53 billion U.S. dollars (+887.5 percent). After the tenth consecutive increasing year, the market size is estimated to reach 115.19 billion U.S. dollars and therefore a new peak in 2030. Notably, the market size of the 'Generative AI' segment of the artificial intelligence market was continuously increasing over the past years.Find more key insights regarding the market size change in the 'Natural Language Processing' segment of the artificial intelligence market in the United States and the market size change in the 'Machine Learning' segment of the artificial intelligence market in the world. The Statista Market Insights cover a broad range of additional markets.

Artificial Intelligence Market size was valued at USD 214 Billion in 2024 and is projected to reach USD 863.79 Billion by 2030. Along with A 32.19% CAGR.

[228+ Pages Report] The global artificial intelligence (AI) market size is expected to grow from USD 137 billion in 2022 to USD 1812 billion by 2030, at a CAGR of 38% from 2023-2030

Multimodal AI Market size was valued at USD 1.35 billion in 2024 and is projected to reach USD 5.6 billion by 2030. Along with a CAGR of around 32.91%.

The market size change in the 'Generative AI' segment of the artificial intelligence market in the United States was forecast to continuously decrease between 2024 and 2030 by in total 49.7 percentage points. After the sixth consecutive decreasing year, the market size change is estimated to reach 26.3 percent and therefore a new minimum in 2030. Notably, the market size change of the 'Generative AI' segment of the artificial intelligence market was continuously increasing over the past years.Find more key insights for the market size change in countries and regions like the market size change in the 'Natural Language Processing' segment of the artificial intelligence market in the United States and the number of AI tools users in the 'AI Tool Users' segment of the artificial intelligence market in Nordics. The Statista Market Insights cover a broad range of additional markets.

Discover the booming Call Center AI Market, valued at USD 2.3 Billion in 2024, projected to reach USD 7.2 Billion by 2030, with a CAGR of 21% (2025-30)

The Global AI Data Management Market size was valued at around USD 23.8 billion in 2023 & is estimated to grow at a CAGR of around 24% during the forecast period 2024-30.

The global call center AI market revenue was valued at USD 1.41 billion in 2021 and is anticipated to grow at a CAGR of 21.4% during the forecast period.

According to Cognitive Market Research, the global Cloud Aimarket size is USD 55921.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 33.50% from 2023 to 2030.

North America held the major market of more than 40% of the global revenue with a market size of USD 22368.48 million in 2023 and will grow at a compound annual growth rate (CAGR) of 31.7% from 2023 to 2030
European market of more than 30% of the global revenue with a market size of USD 16776.36 million in 2023 and will grow at a compound annual growth rate (CAGR) of 32.0% from 2023 to 2030
Asia-Pacific held the fastest market of more than 23% of the global revenue with a market size of USD 12861.88 million in 2023 and will grow at a compound annual growth rate (CAGR) of 35.5% from 2023 to 2030.
Latin America market than 5% of the global revenue with a market size of USD 2796.06 million in 2023 and will grow at a compound annual growth rate (CAGR) of 32.9% from 2023 to 2030.
The Middle East and Africa market of more than 2.00% of the global revenue with a market size of USD 1118.42 million in 2023 and will grow at a compound annual growth rate (CAGR) of 33.2% from 2023 to 2030
The demand for Cloud AI is rising due to its scalability flexibility cost-efficiency, and accessibility.
Demand for Solution remains higher in the Cloud Aimarket.
The Healthcare & Life Sciences category held the highest Cloud AI market revenue share in 2023.

Digital Transformation Imperative to Provide Viable Market Output

The primary driver propelling the Cloud AI market is the imperative for digital transformation across industries. Organizations are increasingly leveraging cloud-based AI solutions to streamline operations, enhance customer experiences, and gain actionable insights from vast datasets. The scalability and flexibility offered by cloud platforms empower businesses to deploy and manage AI applications seamlessly, fostering innovation and efficiency. As companies prioritize modernization to stay competitive, the integration of AI on cloud infrastructure becomes instrumental in achieving strategic objectives, driving the growth of the Cloud AI market.

Apr-2023: Microsoft partnered with Siemens Digital Industries Software for advanced generative artificial intelligence to enable industrial companies in driving efficiency and innovation throughout the engineering, designing, manufacturing, and operational lifecycle of products.

(Source:www.oemupdate.com/automation/siemens-and-microsoft-partner-to-drive-cross-industry-ai-adoption/#:~:text=Microsoft%20and%20Siemens%20have%20partnered,generative%20AI%20to%20industries%20worldwide.)

Proliferation of Big Data to Propel Market Growth

The proliferation of big data serves as another key driver for the Cloud AI market. As businesses accumulate unprecedented volumes of data, cloud-based AI solutions emerge as indispensable tools for extracting meaningful insights and patterns. The scalability of cloud platforms allows organizations to process and analyze massive datasets efficiently. Cloud AI applications, such as machine learning and data analytics, enable businesses to derive actionable intelligence from this wealth of information. With the increasing recognition of data as a strategic asset, the demand for cloud-based AI solutions to harness and derive value from big data continues to fuel the expansion of the Cloud AI market.

Apr-2023: Microsoft came into collaboration with Epic, to utilize the power of generative artificial intelligence to enhance the efficiency and accuracy of EHRs. The collaboration enabled the deployment of Epic systems on the Azure cloud infrastructure.

(Source:blogs.microsoft.com/blog/2023/08/22/microsoft-and-epic-expand-ai-collaboration-to-accelerate-generative-ais-impact-in-healthcare-addressing-the-industrys-most-pressing-needs/#:~:text=Epic%20and%20Microsoft's%20expanded%20collaboration,to%20SlicerDi)

Market Restraints of the Cloud AI

Data Security Concerns to Restrict Market Growth

One significant restraint in the Cloud AI market revolves around data security concerns. As organizations migrate sensitive data to cloud environments for AI processing, there is a heightened awareness and apprehension regarding the protection of this valuable information. Potential vulnerabilities, data breaches, and the risk of unauthorized access pose challenges, especially in industries with stringent privacy regulations. Add...

Generative AI Market size is valued at around USD 28.9 billion in 2024 and is estimated to reach around USD 142.7 billion by 2030. Along with a CAGR of 31.2%.

The Global Artificial Intelligence (AI) in Automotive and Transportation Market is expected to grow at a CAGR of around 20.22% during 2024-2030.

The global artificial intelligence (AI) in diagnostics market size is expected to reach USD 5,225.4 Million by 2030 according to a new study by Polaris Market Research.

Discover the burgeoning Global AI Enabled Medical Imaging Market, valued at USD 3.23 billion in 2023, projected to reach USD 16.20 billion by 2030, with a remarkable CAGR of 25.9% from 2024 to 2030.

Report Scope:

AI in Healthcare market to grow at a significant CAGR of 24.40% during 2021-2030. The report by BIS Research provides deep market insight, industry analysis, trends & forecast to 2030 that will help your business to grow.

Global AI Trust, Risk and Security Management Market is estimated to grow at a CAGR of around 16.23% during the forecast period 2024-30. Discover market trends, projections, and strategies for navigating this dynamic landscape By 2030.

The global market size change in the 'Machine Learning' segment of the artificial intelligence market was forecast to continuously decrease between 2024 and 2030 by in total 28.2 percentage points. According to this forecast, in 2030, the market size change will have decreased for the sixth consecutive year to 27.76 percent. Find more key insights for the market size change in countries and regions like the market size change in the 'Machine Learning' segment of the artificial intelligence market in the United States and the number of AI tools users in the 'AI Tool Users' segment of the artificial intelligence market in Europe. The Statista Market Insights cover a broad range of additional markets.