Key AI Market Size Statistics

  • Global AI market size (2024): $196.63 billion
  • Projected AI market size (2030): $826.73 billion
  • CAGR (2024–2030): ~27.7%
  • Generative AI market size (2024): $66.62 billion
  • Generative AI projected (2030): $664 billion
  • Global AI investment (2023): $91.9 billion
  • US AI investment (2023): $67.2 billion (73% of global total)

AI Market by Segment

AI software represents the largest segment at an estimated $134.8 billion in 2025, projected to reach $391 billion by 2030. The AI chip market was valued at $53.4 billion in 2023 and is projected to reach $383.7 billion by 2032. NVIDIA commands an estimated 80%+ market share in AI accelerator chips.

AI Investment Statistics

Global private investment in AI reached $91.9 billion in 2023. The US captured $67.2 billion (73%) of global AI investment, followed by China ($7.8 billion) and the UK ($3.8 billion).

AI Market Forecast to 2030

  • Goldman Sachs: AI to add $7 trillion to global GDP over next 10 years
  • McKinsey: AI to generate $13–25 trillion in economic value annually by 2030
  • IDC: Global AI spending to exceed $632 billion by 2028

Sources

Sources: Grand View Research, IDC, McKinsey Global Institute, Goldman Sachs, Stanford HAI AI Index 2024, Statista.