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AI market spending worldwide 2020, by segment

Published by
Bergur Thormundsson,
Mar 10, 2023
The worldwide revenue for the artificial intelligence (AI) market, that includes software, hardware, and services segments, was around 281.4 billion U.S. dollars in 2020. It is estimated that in that same year, the AI software segment brought in 88 percent of the total AI market revenues with 247.7 billion U.S. dollars. In 2021, the global artificial intelligence market is anticipated to increase even more in terms of revenue, reaching 327.5 billion U.S. dollars.

Artificial intelligence (AI) market revenue worldwide in 2020, by segment (in billion U.S. dollars)

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Release date

April 2021

Region

Worldwide

Survey time period

2020

Supplementary notes

The figures were calculated by Statista based on the 2021 figure, annual growth rate, as well as segment share provided by the source.

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