100+ Essential AI Statistics You Should Know for 2024

The global AI market is expected to grow at a CAGR of 35.6% from 2021-2026, reaching $228.3 billion by 2026. 87% of company leaders believe AI gives them a competitive advantage, and 84% of business executives said AI allows them to gain a competitive edge. The global AI market size is expected to reach $1,811.75 billion by the end of 2030, growing at a CAGR rate of 37.3%. AI tools have made boring tasks super easy, automating repetitive tasks and freeing up humans to take on more strategic tasks. 73% of consumers trust content written by Generative AI, while 74% of Gen X consumers consider Generative AI content more trustworthy. However, there are concerns about the use of AI in social media, with 23% of US adults trusting how Generative AI is being used, and 66% of respondents feeling concerned about privacy issues involving Generative AI uses for social media. The benefits of Generative AI outweigh the risks, according to 74% of executives, who believe it will improve efficiency and streamline design processes.

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