AI market growth Europe 2030

The AI market in Europe is expected to grow nearly 35 percent in 2024, a considerable growth for any market. This followed turbulent years of boom and bust from 2021 to 2023 where the market grew and contracted considerably. By 2030 the market will have dropped to just above 23 percent growth.

Artificial intelligence (AI) market growth in Europe from 2021 to 2030

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:
Artificial intelligence (AI) is a branch of computer science that focuses on creating machines able to perform tasks traditionally requiring human intelligence, such as perception, reasoning, and learning. The Artificial Intelligence (AI) market includes a wide range of applications, such as speech recognition, image processing, and autonomous vehicles and has seen rapid growth in recent years due to advancements in technology and increased investment. The Artificial Intelligence (AI) market includes software, hardware, and services that enable organizations to develop and deploy AI applications.

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