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Fascinating AI Statistics & Trends in 2021

With many industries worldwide now adopting artificial intelligence technologies, we’ve put together a list of AI statistics to help you understand if AI is right for your business.

When it comes to investing in new technologies, it can be daunting for businesses that don’t know if the investment will be worthwhile.

For some businesses, taking a risk is the only option. If you want to become competitive in a saturated market, sometimes risk-taking is the way forward.

To find out whether your business could benefit from the latest AI technologies, let’s take a look at the top AI statistics of 2021.

Table of Contents

General AI Statistics 2021

  • The global AI market is predicted to reach a $190.61 billion market value by 2025
  • By 2025, the wearable AI market size is estimated to reach $180 billion
  • The annual growth rate for AI is 33.2% between 2020 and 2027
  • The Asia-Pacific region will experience the highest compound annual growth rate between 2018 and 2025
  • By 2030, it’s estimated that China will become the world leader in AI technology
  • 93% of automation technologists feel ill-prepared for the upcoming challenges
  • The most common challenges companies face when considering AI is staff skills (56%), the unknown (42%), and finding a starting point (26%

Business Adoption AI Statistics 2021

  • Companies are expected to have on average 35 AI projects in place by 2022
  • 20% of businesses say automating tasks like invoicing is a crucial use of AI
  • Only 7% of companies don’t use AI
  • 80% of retail executives expect their companies to adopt AI-powered intelligent automation by 2027
  • 86% of CEOs say AI is a mainstream technology in their office
  • 39% of large organizations planned to invest in AI technology in 2020
  • 48% of companies use data analysis, machine learning, or AI tools to address data quality issues
  • Marketing and sales departments prioritize AI technology and machine learning for their success more than any other department (40%)

Benefits of AI Statistics 2021

  • Netflix’s recommendations engine (powered by AI) is worth $1 billion a year
  • 54% of executives say that implementing AI in their workplace has increased productivity
  • 79% of executives think AI will make their jobs simple and more efficient
  • The major benefits of chatbots are 24-hour service (64%), instant responses to inquires (55%), and answers to simple questions (55%)
  • The potential contribution to the global economy from AI could be $15.7 trillion in 2030
  • In 2021, the increase in AI usage across businesses will create $2.9 trillion of business value and 6.2 billion hours of worker productivity
  • AI startups got record funding of $7.4 billion in Q2 of 2019
  • By March 2019, there were 279,145 AI patent applications in the U.S. 

AI Usage Statistics 2021

  • Nearly 40% of the US population used voice search in 2019
  • 45% of households in the US-owned a smart speaker in 2019
  • In 2020, there were 4.2 billion digital voice assistance in use worldwide
  • The most prominent use case for AI in the retail industry is customer engagement
  • 52% of people are confident that cyber-security is not a threat when sharing personal information online because of robust AI technologies
  • Out of the 300 billion emails sent every day, machine learning detects at least half as spam
  • Researchers who used AI software could detect a plagiarized source code with 87% accuracy
  • 50% of consumers are now optimistic about AI
  • 26% of consumers say they interact with AI on a daily basis
  • Fewer than half of consumers believe they understand AI
  • One-third of consumers are more likely to interact with AI when it involves commerce
  • 49% of consumers say they don’t think automation in healthcare is safe
  • Only 19% of people have faith that AI will improve productivity in their workplace

Voice Assistant AI Statistics 2021

  • More than 3 billion voice assistants were in use by the end of 2019
  • 46% of Americans use voice-controlled virtual assistants
  • For 55% of virtual assistant users, being able to control their device hands-free is one of the main reasons why they use speech recognition apps
  • Google Assistant is considered to be the “smartest” voice assistance, with an accuracy record of up to 98%
  • Apple’s Siri is the least accurate virtual assistant in the commerce category, with just 68% of its responses being accurate
  • Artificial intelligence statistics show that Amazon Alexa performs better at providing general information (93% accuracy) than it does in any other category
  • Amazon Alexa can be found in more than 60,000 devices
  • As of 2021, Alexa has nearly 80,000 skills in the US alone and over 100,000 worldwide
  • The smart speaker market was worth $11.9 billion in 2019
  • There are 53 million Amazon Echo devices in homes across America
  • Amazon leads the smart speaker market with 30% of the market share
  • Google holds 17% of the global smart speaker market share
  • Google shipped more than 95 million of its Google Home speakers in 2019

The Future of AI

  • The AI industry could be worth more than $15 trillion by 2030
  • The autonomous vehicle industry, experts predict, could be worth $667.7 billion by 2026
  • Analysts predict 8 million autonomous vehicles will be shipped in 2025 alone
  • Statistics show the applications of AI in commerce will actually drop significantly over the next 10 years, meaning a lot of jobs will be safe
  • 63% of consumers believe AI will be able to solve complex problems in the future
  • 72% of companies using AI believe it will make their jobs easier
  • 59% of executives strongly believe artificial intelligence applications will improve big data in their companies.
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