Artificial intelligence software market revenue worldwide 2018-2025

According to the market research firm Tractica, the global artificial intelligence software market is expected to experience massive growth in the coming years, with revenues increasing from around 9.5 billion U.S. dollars in 2018 to an expected 118.6 billion by 2025. The overall AI market includes a wide array of applications such as natural language processing, robotic process automation, and machine learning.

AI Companies

Many of the biggest names in the tech industry have invested heavily into both AI acquisitions and AI related research and development. Companies such as Microsoft, IBM, Google, and Samsung have each submitted thousands of AI patent applications, and AI related startups are raking in billions of dollars in investment funds each quarter.

How will AI and automation affect employment?

One of the major concerns regarding AI is the possibility that automation will force many laborers out of their jobs and make certain positions obsolete. In the U.S., people tend to be more worried about the possible negative effects of AI and automation than excited about the advantages that these technologies could provide. A significant share of business executives agree that existing workers will need to change their skill set in order to adapt to the implementation of AI in the workplace.

Revenues from the artificial intelligence (AI) software market worldwide from 2018 to 2025

Market revenue in billion U.S. dollars
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Source

In cooperation with
Tractica
Release date

April 2019

Region

Worldwide

Survey time period

2018

Supplementary notes

*Forecast

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Statistics on "Artificial Intelligence (AI)"

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