AI and machine learning specialists are the fastest growing profession

AI and ML Jobs

AI and Machine Learning Specialists

AI & Machine Learning Specialist | The growing demand for automation and optimization across industries, the growing use of AI in consumer applications, and increasing investment in AI research are having a profound impact on the global economy and changing the way businesses operate and communicate with their customers. However, the rise of AI is also impacting the job market, with AI-related roles becoming one of the most popular career options.

According to published data SourceAI and machine learning professionals are expected to be the fastest growing profession in the world by 2027.

Over 1 million AI and machine learning specialists will be on the market by 2027

With 75% of businesses considering adopting big data, cloud computing, and artificial intelligence over the next four years, it's no wonder these technologies will continue to have a major impact on the job market. However, artificial and generative AI have been particularly prominent in the last year, with headlines about job losses and claims that over 50% of the tasks of almost 20% of workers could be automated by AI in the next few years. Nevertheless, AI-related jobs remain one of the top choices for career growth over the next few years.

According to the World Economic Forum's Future of Jobs Report, AI and machine learning professionals are expected to be the fastest growing occupation by 2027, growing faster than any other occupation. Statistics show that these occupations will grow by 40% by 2027, bringing more than 1 million new professionals into the market.

The burgeoning need for a greener future makes sustainability professionals the second fastest-growing occupation over the next four years. The report also shows that analytical skills in general will be useful, with workers specializing in these occupations ranking highly, such as business intelligence, information security and data analysts. Training to become a fintech or robotics engineer will also be a good option for those looking for future job security, according to WEF predictions.

AI and machine learning experts enter $5 trillion industry

Given the impressive growth of the AI ​​market, it’s not surprising that AI-related jobs top the list of occupations likely to grow fastest over the next four years.

According to Statista research, the global AI industry will more than double in just three years, reaching a value of $240 billion and 250 million users in 2023. This figure is expected to grow 27% to $305.9 billion in 2024. As businesses and users around the world adopt AI technologies and solutions, the overall market will grow at a compound annual growth rate of 17%, reaching a value of $500 billion by 2027.

The largest segment of the AI ​​market, machine learning, is expected to grow 122% over this period, reaching a value of $355 billion, up from $158 billion last year. Its subset, generative AI, is expected to account for a quarter of the total market value in 2027, up from 18% in 2023.

According to statistics, approximately 314 million people are expected to use AI tools in 2024, which is about 60 million more than last year. Approximately 60 million people will adopt AI solutions and tools annually, and the number of users in the entire market is expected to exceed 500 million by 2027.

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