AI App Report 2024

Detailed analysis of the AI app industry

Our AI App Report is the most comprehensive piece of research on the AI app market, with detailed forecasts on the generative AI market and breakdowns of growth by type. We also funding for AI apps, usage and downloads by app, demographics data and industry benchmarking statistics.

What is the market size of the AI app industry?

AI apps generated $1.8 billion in 2023, a 27% increase on the previous year. AI image editing and generator tools were responsible for $1.2 billion of that revenue in 2023, with chatbots such as ChatGPT bringing in $400 million.

The AI app industry is expected to grow rapidly during this decade, with revenues expected to hit $33.3 billion in 2030 at a compound annual growth rate (CAGR) of 48.54%.

Which AI app has the most market share?

In terms of chatbots, OpenAI’s ChatGPT is far ahead of competitors with over fourth fifths of all chatbot app usage coming from that app. Quite a few of the prominent chatbots are also powered by OpenAI’s underlying model, GPT, with several using the term GPT in its marketing.

OpenAI also has a lead on others in terms of image generation, through DALL-E on ChatGPT. Midjourney is the only close competitor, with millions of people accessing its image generation tools through Discord.

How many people use AI apps?

Approximately 230 million people used AI apps in 2023, many for the first time. About 150 million of these users are considered ‘casual’, accessing them outside of a professional or educational setting. We anticipate over 500 million people will use AI apps by the end of the decade.

The stickiness of these apps has been questioned, as surveys have shown many have tried these apps but after the novelty wears off they don’t return. Trying to identify the correct audience is difficult, as OpenAI and others are marketing these apps as being able to service hundreds of industries.

What AI company has received the most funding?

OpenAI has received the most funding at $11.3 billion, with almost all of this coming from Microsoft. Alongside the investment, Microsoft also provides its Azure cloud platform to OpenAI for much less than it would usually cost.

OpenAI’s rival Anthropic, the creator of Claude, is the second most funded AI startup with $7.6 billion. The majority of this funding came from Alphabet and Amazon.

What was the most downloaded AI app in 2023?

Image generator and editor Remini was the most downloaded AI app in 2023, with 219 million downloads. ChatGPT came second with 209 million downloads, with four times as many downloads as the second largest chatbot.

In total, AI apps were downloaded over one billion times in 2023. About 66% of these downloads were for image editing and generator apps.

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Table of contents

  • AI App Financials
  • AI App Market Share
  • AI App Usage
  • AI App Downloads
  • AI App Demographics
  • AI App Benchmarks

The AI App Report – Research, Insights and Statistics is provided as downloadable PDF document with all data presented as charts and tables, so you can easily extract graphics and individual data. It provides an overview of the AI App sector’s financials, usage, downloads, market share, demographics, and benchmarks.

What’s included? 

  • Document: PDF
  • Charts: 45
  • Data Points: 855
  • Pages: 51

The AI App Report – Research, Insights and Statistics has been assembled by our in-house team of analysts at Business of Apps. We believe this is the most comprehensive report available on the AI app market. If you have any questions get in touch data@businessofapps.com.

 

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List of Charts

  • AI App Market Revenue
  • AI App Market Forecast Revenue
  • AI App Market Revenue by Region
  • AI App Market Revenue by Type
  • AI App Market Forecast Revenue by Type
  • ChatGPT Forecast Revenue
  • Microsoft Forecast Revenue from AI
  • Anthropic Forecast Revenue
  • GPT-Powered App Revenues
  • AI Image Editor App Revenues
  • Voice Assistant Revenues
  • AI App Market Funding
  • AI App Market Funding by Company
  • AI App Valuations
  • Stock Growth From AI
  • Chatbot App Market Share
  • AI Image Editor App Market Share
  • Large Language Model Market Share
  • Cloud Computing Market Share
  • Data Center GPU Market Share
  • AI App Users
  • AI App Forecast Users
  • AI App Users by Region
  • AI App Users by Type
  • AI Users by App
  • ChatGPT Users
  • Copilot Users
  • Google AI Users
  • Adobe Firefly Usage
  • AI App Web Visits
  • AI App Downloads
  • AI App Downloads by Type
  • Chatbot Downloads by App
  • AI Image Editor Downloads by App
  • ChatGPT Downloads
  • Microsoft Edge Downloads
  • Chatbot Age Demographics
  • AI Image Editor Age Demographics
  • Chatbot Gender Demographics
  • AI Image Editor Gender Demographics
  • AI App Retention
  • AI App Conversion
  • AI App Subscription Costs

 

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How does it work?

To get access to the AI App Report – Research, Insights and Statistics hit the buy now button above. After payment you will be taken to the download page to access your AI App Report – Research, Insights and Statistics PDF. If you need any help email data@businessofapps.com.

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WHAT OUR CUSTOMERS SAY ABOUT OUR REPORTS

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