27 Artificial Intelligence Statistics you need to know in 2023
AI adoption will continue to rise dramatically in 2023. To stay updated on the key AI industry stats and trends this year, here are the top 27 AI stats you need to know.
These essential numbers provide vital insights into the state of artificial intelligence in 2023.
They showcase the astronomical growth of the global AI market, increasing AI adoption across industries, and AI’s expanding impact on marketing, businesses, jobs, and customer service experiences.
From AI market size growth, increasing use of AI and how companies adopt AI systems – these are the crucial artificial intelligence statistics to know in 2023.
Whether you want to understand the future of AI, AI adoption rates, or the growth of the AI market, this data illustrates where AI stands today and where it is headed next.
Here is trend of Artificial Intelligence in the last 5 years:
AI Market Statistics
1. AI Market Size to Grow at Nearly 36.8% Through 2030
According to MarketsandMarkets, The global AI market size is expected to grow at a CAGR of 36.8% from 2022 to 2030, reaching $1345.2 billion by 2030.
As per the report, by 2028 – 2030, the Generative AI will be so advanced that AI-generated content will reach human-level sophistication. The growth of the AI market is driven by the increasing adoption of AI technologies across various industries, including healthcare, retail, manufacturing, and finance.
2. AI Chip Market Set for 38.2% CAGR Growth to Reach $383 Billion by 2032
The global artificial intelligence (AI) chip market size was valued at $14.9 billion in 2022 and is projected to reach $382.9 billion by 2032, growing at a CAGR of 38.2% from 2023 to 2032.
The North American region had the largest global AI chip market share in 2022.
The region is expected to continue its dominance during the forecast period, owing to the presence of major AI chip manufacturers and the increasing adoption of AI technology in various industries.
3. AI in Social Media Market to Grow 28.7% Annually, Reaching $12 Billion by 2031
The AI in the social media market is expected to grow at a CAGR of 28.7% from 2022 to 2031, reaching $12 billion by 2031.
The market’s growth is driven by the increasing use of AI in social media applications for effective advertising, the surge in popularity of AI in social media to provide real-time information on target audiences, and the surge in data generated through social media platforms.
AI Statistics in Business
1. AI Expected to Boost Local GDPs by 26% by 2030
According to PWC, AI could lead to a 26% boost in GDP for local economies by 2030. The greatest gains are expected in China (26%) and North America (14.5%)
2. AI to Contribute Over $15.7 Trillion to Global Economy by 2030
AI could contribute $15.7 trillion to the global economy by 2030, more than the current output of China and India combined. Of this, $6.6 trillion is likely from increased productivity, and $9.1 trillion is likely from consumption-side effects.
2. 98% of CEOs See Immediate Business Benefits from AI and Machine Learning
98% of CEOs see immediate business benefits from AI and Machine Learning, according to a survey by Workday.
The top benefits of AI and ML are increased productivity, data-driven decision-making, and improved collaboration.
4. 94% of Business Leaders Say AI is Critical to Success in the Next 5 Years
94% of business leaders overwhelmingly believe artificial intelligence will be critical for organizational success over the next 5 years as the AI market matures rapidly.
Full-scale AI deployment increases as companies gain AI competency, leading to cost reductions and significant new revenue generation through product innovation and expansion into new markets.
5. 97% of Business Owners See at Least One ChatGPT Benefit
97% of business owners see at least one ChatGPT benefit out of which 74% feel that ChatGPT can be used for helping customers bu utilizing it in chatbots.
6. 71% of CEOs Expect AI to Transform Business Landscape in 3 Years
According to a survey by Workday, 71% of CEOs expect AI to transform the business landscape in 3 years, while 64% believe that their organizations will be affected by AI and ML.
7. 84% of UK and Ireland Businesses Use AI in Some Capacity
According to a survey by Slalom, a global business and technology consulting company, 84% of businesses in the UK and Ireland are using AI in some capacity.
Of those businesses, 26% are in an exploratory stage, 24% are confident in using AI, and 6% are in a pioneering stage.
8. 90% of Business Owners Expect a Positive Chat GPT Impact in 12 Months
90% of business owners believe that ChatGPT will positively impact their businesses within the next 12 months.
They anticipate improved decision-making (48%), enhanced credibility (47%), increased web traffic (57%), and streamlined job processes (53%).
AI and tools like ChatGPT are becoming increasingly significant in the business landscape.
AI Statistics in Marketing
1. 59% of Marketers Want Company Policies on Generative AI Use
According to HumanDrivenAI, 59% of marketers want their employer to provide company policies around the use of generative AI.
2. Majority of B2B Marketers Plan to Use AI for Efficiency and Content
A LinkedIn survey found that 53% of B2B marketers plan to use AI to increase efficiency, and 49% plan to use it to create optimized and engaging content.
75% are excited about investing in generative AI in the next year.
3. Adobe Research Shows High Expectations for Generative AI Among Consumers and Marketers
An Adobe Research survey found that 90% of marketing leaders believe generative AI will help them do better work.
57% of consumers think it will enhance creativity.
89% of both groups expect generative AI to create more and better content and allow for greater personalization of customer experiences.
AI Statistics in Customer Service
1. 61% of Salespeople See Generative AI Improving Customer Service
61% of Salespeople See Generative AI Improving Customer Service. They said they believe generative AI will help them better serve their customers.
84% said it helped increase sales at their organization by enhancing and speeding up customer interactions.
9 out of 10 service professionals say it helps them serve customers faster.
2. 24% of Customer Service Workers Currently Use Generative AI
Just 24% of customer service workers currently use generative AI. Only 15% said they plan to use it in the future.
3. 58% Believe Chat GPT Will Create More Personalized Customer Experiences
According to a survey conducted by Forbes, 58% of businesses believe that ChatGPT will create more personalized customer experiences.
The survey was conducted among 1,000 business owners and decision-makers in the United States.
4. 72% Expect Generative AI to Improve Their Customer Experiences
According to a survey by Adobe, which included 13000 consumers and 4250 marketing and customer experience, 72% of consumers expect generative AI to improve their customer experiences.
AI Statistics in Adoption
1. Chat GPT reached 1 million users in 5 days (OpenAI).
ChatGPT (AI Chatbot) crossed 1 million users 5 days after its launch in November 2022, making it the fastest-growing consumer application.
1. Instagram took around 2 months to cross 1 million downloads in December 2010.
2. Facebook crossed 1 million users around 10 months after its launch in February 2004.
3. Spotify reached 1 million users in March 2009, nearly 5 months after its launch in October 2008.
4. It took Spotify 3 years to reach 1 million paid subscribers in December 2011.
5. Netflix took nearly 3.5 years to reach 1 million paid subscribers, crossing this milestone in February 2003.
2. The number of AI-powered voice assistants is expected to reach 8 billion by 2023
Juniper Research shows 8 billion digital voice assistants will be used by 2023.
3. Generative AI’s Soaring Popularity: AI Adoption Rate by Country
Salesforce’s Generative AI Snapshot Research Series is an ongoing study of over 4,000 full-time workers across industries.
1. 73% of the Indian population surveyed is using generative AI.
2. 49% of the Australian population surveyed is using generative AI.
3. 45% of the US population surveyed is using generative AI.
4. 29% of the UK population surveyed is using generative AI.
4. Open AI’s DALL-E Phenomenon: 3 Million Users Generating 4 Million Images Daily
When Dalle API was released, Over 3 million people were already using DALL-E, generating over 4 million images daily.
Statistics of AI Impact on Jobs
1. Up to 30% of Global Work Hours Potentially Automated by 2030
By 2030, between almost zero and 30 percent of the hours worked globally could be automated, depending on the speed of adoption.
The midpoint estimate is the automation of 15 percent of current activities.
2. 250-280 Million New Roles Forecasted from 2023-2030
Estimates suggest 250-280 million new jobs could be created globally from 2023-2030 from the impact of rising incomes on consumer goods alone, with up to 50-85 million more from higher health and education spending.
3. AI Set to Replace 7% of Jobs by 2025
According to Forestor report, 16% of US jobs are expected to be replaced. Jobs equivalent to 9% will be created.
This results in a net loss of 7% of US jobs by 2025.
4. 14% of the Global Workforce May Need Career Changes by 2030
By 2030, at least 14% of employees globally could need to change their careers due to digitization, robotics, and AI advancements
5. 82% Employees See Job Satisfaction and Performance Boost
According to the Deloitte State of AI report, 82% of employees believe AI increases job satisfaction and enhances performance. 47% say AI creates fear or concern among employees.
What is Artificial Intelligence and Generative AI?
AI is nothing but machines that can perform tasks that normally require human intelligence, such as visual perception, speech recognition, and decision-making. AI will be widely adopted 2023 across various industries to automate processes and enhance operations.
There are several types of AI, including machine learning, natural language processing, robotics, and generative AI.
Generative AI is a cutting-edge subtype of AI that can generate new content, such as text, images, audio, and video, based on data it is trained on. Its applications are rising dramatically, with companies adopting these AI technologies in marketing, customer service, and other business functions.
I have discussed on the Generative AI topic in detail in this post.
Generative AI has widespread applications in the following domains:
1. Content Writing
2. Graphic Designing
3. Resume Building & Job Search
Wrapping Up
The artificial intelligence statistics presented demonstrate AI capabilities and growth potential to transform organizations. As the numbers show, global adoption of AI technologies is skyrocketing as companies implement AI systems and solutions.
With projections of staggering AI market size growth, booming investments into AI startups, and surging use of AI tools like ChatGPT, AI’s future looks bright.
However, businesses must adopt AI prudently, with proper governance, strategies, and skills to use it effectively.
Guided wisely, AI can boost productivity, decision-making, innovation, and growth for companies worldwide.
By reviewing these vital AI stats, the impact of AI, and trends for 2023, leaders can make informed plans to leverage AI’s capabilities and prepare for more advanced AI ahead.
