Global artificial intelligence (AI) market revenue has tripled in recent years, and projections suggest it could triple again in the next four years. As the technology improves and becomes more widely accessible, AI spending is increasing across many different industries. Note: 2019 to 2025 are projected annual totals.

Source: Josh Howarth, “57+ Amazing Artificial Intelligence Statistics (2022),” Exploding Topics, Oct. 11, 2022, https://tinyurl.com/5h5ersbn

Data for the graphic are as follows:

Year Revenue in Billions of Dollars
2018 $10.1
2019 $14.69
2020 $22.59
2021 $34.87
2022 $51.27
2023 $70.94
2024 $94.41
2025 $126

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