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DIGITALTRENDSArtificialintelligence(AI)inEurope

CHAPTER01Overview

Marketsizeandrevenuecomparisonforartificialintelligenceworldwidefrom2018to2030(inbillionU.S.dollars)ArtificialIntelligence(AI)marketsize/revenuecomparisons2018-2030IDC(February2021)Tractica(March2020)NextMoveStrategicConsulting(January2023)(October2023)2,0001,8001,6001,4001,2001,0008001,847.41,4151,068.7795.3511.373852029582.9445.9584.8554.3600420.4370.2327.5227.6305.9400281.4241.8207.970.9414324420095.494.4151.27341145902018202020222023202420252026202720284Description:Themarketforartificialintelligence(AI)isexpectedtoshowsignificantgrowthinthecomingdecade,accordingtoavarietyofsources.Accordingtodata,theAImarketsizeisprojectedtorisefrom241.8billionU.S.dollarsin2023toalmost740billionU.S.dollarsin2030,accountingforacompoundannualgrowthrateof17.3%.Meanwhile,accordingto?NextMoveStrategyConsulting,itsvalueofapproximately208billionU.S.dollarsin2023isexpectedtogrowninefoldby2030,[...]ReadmoreNote(s):Worldwide;2018-2023Source(s):IDC;NextMoveStrategyConsulting;Tractica

Artificialintelligence(AI)marketsizeinEuropefrom2020to2030(inbillionEuros)SizeoftheAImarketinEuropefrom2020-2030250200150191.48154.65122.5696.241007446202546.8542.6620245003194202221.62020202120272028202920305Description:TheAImarketinEuropeisexpectedtostandatjustover42billionEurosbytheendof2024,aneardoublingofthemarketvaluefrom2020.Themarketisthenexpectedtogrowfurther,reachingover190billionEurosby2030.ReadmoreNote(s):Europe;2020to2030Source(s):

Artificialintelligence(AI)marketgrowthinEuropefrom2021to2030GrowthoftheAImarketinEuropefrom2021-2030140%116.87%120%100%80%60%40%20%0%35.28%32.35%31.31%29.81%27.34%26.18%23.82%8.99%2023-20%-40%-60%-38.23%202220212024202520262027202820292

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