AI Market to See Five-Fold Increase Globally by 2025

Forecasts have shown that the global AI market is set to see a five-fold increase in value, from $22.6 billion in 2020 to $126 billion by 2025, with one in five workers using the tech as part of their job. The boost comes as the growing volume and complexity of business data forces many firms across a variety of industries to adopt AI to boost growth. The Tradica Artificial Intelligence Market Forecast revealed that, in 2018, the value of global AI software industry hit $10.1 billion. Since then, the market value doubled to $22.6 billion. AI is making big changes for industries across the world, helping to make improvements to efficiency, quality, and speed, automation, deep learning, and natural language processing.