AI market size Europe 2030

The AI market in Europe is expected to stand at just over 42 billion Euros by the end of 2024, a near doubling of the market value from 2020. The market is then expected to grow further, reaching over 190 billion Euros by 2030.

Artificial intelligence (AI) market size in Europe from 2020 to 2030 (in billion Euros)

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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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