Numerous sources confirm.
Bergur Thormundsson 24. Researcher with a background in traditional state security, emerging technologies, and global security affairs. His previous experience includes work at NATO and the Icelandic Ministry of Foreign Affairs. "Artificial Intelligence market size 2024". Statista. 5-28-2024. https://www.statista.com/statistics/941835/artificial-intelligence-market-size-revenue-comparisons
The market for artificial intelligence (AI) is expected to show significant growth in the coming decade, according to a variety of sources. According to Statista data, the AI market size is projected to rise from 241.8 billion U.S. dollars in 2023 to almost 740 billion U.S. dollars in 2030, accounting for a compound annual growth rate of 17.3%. Meanwhile, according to Next Move Strategy Consulting, its value of approximately 208 billion U.S. dollars in 2023 is expected to grow ninefold by 2030, reaching around 1.85 trillion U.S. dollars. Indeed, the AI market covers a vast number of industries, including healthcare, education, finance, media and marketing. The rate of adoption and deployment of the technology is becoming more prolific worldwide. Chatbots, image-generating AI, and mobile applications are all among the major trends that will enhance AI in the coming years.