AI has grown a lot in the past five years, with its market value reaching $240 billion with 370 million users worldwide. Nvidia is the largest contributor for AI which has resulted in a growth in users, revenue and investments. IEEE’s survey called Impact of Technology in 2025 which was taken among 350 CIOs, IT Directors and CTOs of large companies and 58% of them said that AI is going to become the most important technology in 2025. 26% named cloud computing as the most important technology 24% named robotics the most important technology in 2025.
Statista Market Insights survey also says that AI is going to grow 350% by 2030 and will have a revenue of $826 billion by the end of this decade. On the other hand, there will be a 133% growth in cloud computing while 58% growth will be seen in the robotics sector by 2030. Semiconductors are set to grow 60%, IT devices will grow 14%, and IT devices and software will see 32% and 27% growth by 2030 respectively. All of the growth in all these tech sectors is going to be way slower than AI growth.
The only sector which is giving tough competition to AI is blockchain/Web 3, which is expected to grow 2870% by 2030 with revenue reaching $825 billion. AI is also going to have a major effect on GDP growth and global economy, with 9.5% growth expected in the next five years. In the best case scenario, AI can contribute to 11.41% global GDP while in the worst scenario, it can still boost 8.81% GDP growth.
Projected Growth Across Key Tech Sectors (2024–2030) | Percentage |
---|---|
Blockchain/Web 3 | 2870% |
AI | 350% |
Public cloud | 133% |
IoT | 64% |
Semiconductors | 61% |
Robotics | 58% |
Data centers | 50% |
Cybersecurity | 46% |
IT services | 32% |
Software | 27% |
IT Devices | 14% |
Read next: Which Cryptocurrencies Are Americans Most Likely to Invest in for 2025?
by Arooj Ahmed via Digital Information World
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