AI and the Way Forward - Connected World

In the past few years, AI (artificial intelligence) has grown at a rapid pace for many organizations. Now many are considering what comes next as the speed of adoption of all these emerging technologies and the IoT (Internet of Things) continues to pick up. Grand View Research suggests the global artificial intelligence market size was valued at $62.35 billion in 2020 and is expected to expand to a growth rate of 40.2% through 2028. Deep learning led the market and North America dominated, accounting for more than 40% share of global revenue in 2020. In 2020, software solutions led the AI market and accounted for more than 38% of the global revenue, according to Grand View Research.