Market for Artificial Intelligence Projected to Hit Billion by 2025

Home News Market for Artificial Intelligence Projected to Hit $36 Billion by 2025 Michael Feldman, Aug. 30, 2016, 3:44 a.m. A new report from market research firm Tractica forecasts that the annual global revenue for artificial intelligence products and services will grow from 643.7 million in 2016 to $36.8 billion by 2025, a 57-fold increase over that time period. As such, it represents the fastest growing segment of any size in the IT sector. According to the report, “AI has applications and use cases in almost every industry vertical and is considered the next big technological shift, similar to past shifts like the industrial revolution, the computer age, and the smartphone revolution.” Even ignoring that bit of hyperbole, a good case can be made that artificial intelligence certainly has the…


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