Artificial Intelligence Market Growing at 63%, Expected to Reach $16B by 2022: Report

The Artificial Intelligence market is expected to reach $16 billion by the year 2022 and will continue to grow at a projected rate of 63% over the next five years. The proliferation of Artificial Intelligence across industries is ushering in an age of rapid digital transformation and disruption. Old paradigms are being tossed aside and what was once thought impossible is becoming the everyday norm. "According to a 2016 Markets and Markets Report, the artificial intelligence (AI) market is expected to be worth $16.06 Billion by 2022, growing at a CAGR of 62.9% from 2016 to 2022," reported hiring agency Paysa. Amazon leads the way by far investing almost $100 billion more than that of runner-up, Google.