According to reports, global consumer spending on generative AI is projected to reach $699 billion by 2030.
TL;DR
Global consumer spending on generative AI is projected to grow from $225 billion in 2023 to $699 billion by 2030, with AI conversational platforms as the fastest-growing sector and over 5 billion monthly active users expected.
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According to a recent report by Odaily Research, global consumer spending on generative AI is projected to grow from $225 billion in 2023 to $699 billion in 2030, representing a compound annual growth rate (CAGR) of 21%. Looking at specific sectors, AI conversational platforms are the fastest-growing segment, while personal assistant AI and content generation tools are also expected to see significant expansion. By 2030, the number of monthly active users (MAUs) on global AI conversational platforms is projected to exceed 5 billion. (Jinshi)