AI Market Size Statistics (2025-2032)

Artificial intelligence (AI) is far from new. However, the emergence of AI chatbots like ChatGPT and Bard brought AI into the spotlight.

As such, the AI ​​market is booming and continues to grow year over year.

Below, we will focus on the growing AI market, looking at projected valuation and regional differences, among other aspects.

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AI Industry Statistics (Top Picks)

• The global AI market is worth more than 600 billion dollars
• The AI ​​market is about to hit $2.74 trillion by 2032
• The North American AI market is worth more than 51 billion dollars
• AI healthcare set to grow 17x during this decade
• 88% Financial Services Companies Increased Revenue Through AI Adoption

AI market size

According to the latest available data, the global AI market is worth approximately $747.91 billion.

This figure is increasing more than 200 billion dollars from 2023 $515.31 billion.

Source: Fortune Business Insights

AI Market Growth Projections

By 2032, the AI ​​market is expected to reach $2.74 trillion.

It is more than 4x more than the 2024 figure $621.19 billion.

Source: Fortune Business Insights

Growth of the AI ​​market over time

Between 2022 and 2030, the global AI market is expected to grow at a rate 20.4% CAGR.

Here is a detailed overview of the AI ​​market valuation from 2021 to 2032:

Source: Fortune Business Insights

Growth Drivers in the AI ​​Space

Continued investments in AI have fueled rapid technological advancements in recent years. AI has penetrated many industries, including:

• Health care
• Automotive
• Financial Services
• Retail and consumption
• Communications
• Entertainment
• Manufacturing
• Energy
• Transport and Logistics

AI’s versatility is perhaps its greatest advantage. From behind-the-scenes algorithms to end-user onboarding, AI is quickly becoming a must-have in virtually every industry.

Source: PrioritySearch

Key players in the AI ​​space

• Intel Corporation (United States)
• Microsoft (United States)
• IBM (United States)
• Google (United States)
• Amazon Web Services (United States)
• Baidu (China)
• NVIDIA Corporation (United States)
• H2O.ai (United States)
• Lifegraph (Israel)
• Sensibly (United States)
• Enlitic (United States)
• AiCure (United States)
• HyperVerge (United States)
• Arm Limited (UK)
• Clarifai (United States)
• Advanced Micro Devices (United States)
• Atomwise (United States)
• Enlitic (United States)
• Iris.ai (Norway)
• Zebra Medical Vision (Israel)
• OpenAI (United States)
• Midterm (United States)

Sources: Priority search, Research on Grand View

Geographical distribution of the AI ​​market

In 2025, the North American AI market is estimated to be $51.58 billion.

Asia Pacific is the second largest AI market with a valuation of $32.89 billionfollowed by Europe with $26.54 billion.

Here is a breakdown of regional AI market growth between 2018 and 2025:

Source: Tractica

AI Growth by Segment

Here’s how AI is growing in various key industries:

Health care

In 2023, the market value of AI in healthcare was estimated to be $20.65 billion.

In 2025, this figure rises to almost double that ($38.66 billion).

And within a decade, AI-based healthcare is expected to reach a valuation of more than $187 billion – around 17x The figure for 2021.

Here’s how the size of the healthcare AI market has evolved over time:

Bullets

The AI ​​chip market has quadruple in value since 2021 ($10.8 billion)reaching $44.3 billion in 2025.

By 2028, it is predicted to increase significantly $127.8 billion – around 12x growth in 7 years.

Here’s how the AI ​​chip market has evolved over time:

Finance

In the financial sector, AI has already contributed to a significant increase in revenue.

More than a third (34%) of financial institutions reported an increase in revenue of more than 20%.

While 51% of financial companies have increased their revenue by at least 10% thanks to AI.

In all, 88% of financial companies have seen their revenues increase since the integration of AI:

Sources: Priority search, Stratview Search, Nvidia

Key takeaways

AI is currently transforming virtually every industry imaginable.

Therefore, its projected industrial value is expected to take off in the coming years.

For more related content, take a look at Top AI Trends And Amazing statistics about artificial intelligence.