BCC Research: Global Market for AI to Reach $26.1 Billion by 2023

📅 November 23, 2018 - In 2018, the global market for artificial intelligence (AI) was worth $3.5 billion. BCC Research estimates that it will reach a value of $26.1 billion by 2023, indicating a compound annual growth rate (CAGR) of 49.1%, according to BCC Research's report ‘Artificial Intelligence: Applications and Global Markets.'

The global market for artificial intelligence (AI) has experienced tremendous growth, according to this new report from BCC Research. Drivers for enhanced interest in Artificial Intelligence solutions include increasing computer processing power, the increasing availability of big data for learning, and the development of smarter and better algorithms.

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