Artificial Intelligence (AI) market size/revenue comparisons 2018-2030

The worldwide market revenue for artificial intelligence is forecast to grow significantly from 2018 to 2030, although different studies suggest variations in just how much the global market size will increase by. The market research firm IDC projected that the global AI market will reach a size of over half a trillion U.S. dollars by 2024. Precedence research suggest the market will grow to over 1.5 trillion U.S. dollars by 2030.

IBM’s position in the AI market

    The current AI market race is led by IBM, which holds a global market share of more than nine percent. IBM is also the leading company in terms of active machine learning and AI patents worldwide with more than 5,500 patent families as of November 2020. Next to IBM in the global AI patent race are Microsoft and Samsung, each within 500 patent families from IBM.  

AI startups

    The enthusiasm in AI technologies and their applications worldwide is leading to a growing number of AI startup and kindling existing companies’ interest in the field. The number of AI startup acquisitions has increased steadily since 2010, growing by almost fourfold between 2015 and 2018. Increases in AI startup acquisitions have been met by increases in funding of AI startups - global funding increased from over a billion U.S. dollars in 2013 to 8.5 billion U.S. dollars in the first quarter of 2020 alone.