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The artificial intelligence market is growing, worth 1,9 billion, in 2027 it will be worth 6,6 billion

With an estimated value of 1,9 billion euros in 2023, growing to 6,6 billion in 2027.

The Artificial Intelligence market is also rapidly developing in Italy, supported mainly by investments in the finance, telecommunications and IT, manufacturing and retail sectors and with further growth potential in the healthcare, public administration and agriculture sectors.

The Tim-Intesa relationship

These are some of the main findings of the Report "Artificial Intelligence in Italy – Market, Innovation, Developments” created by TIM Study Center in collaboration with Intesa Sanpaolo Innovation Center, and presented today in Rome during the event that awarded the best innovative solutions winners of the 'TIM AI Challenge'.

According to the report, theArtificial intelligence it will have an estimated value of 1,9 billion euros in 2023, growing to 6,6 billion in 2027.

The development will be supported mainly by investments in the finance, telecommunications and IT, manufacturing and retail sectors and with further growth potential in the healthcare, public administration and agriculture sectors.

The study shows that the AI ​​market will grow by 37% per year in Italy, reaching approximately 6,6 billion euros in 2027, and, globally, it will reach over 407 billion euros.

The companies that use AI the most are large ones: around one large company in four had activated at least one AI solution in 2021, while the average drops to around 6% considering companies with more than ten employees, according to the data Eurostat.

Impact of Artificial Intelligence on Italian GDP

More recent estimates attest to a growth in the use ofAI, with 60-70% of large enterprises already using or experimenting with this technology.

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The study also highlights how the use ofAI it could constitute an accelerator of economic development, increasing productivity and freeing up resources to be applied in areas where greater value is generated.

According to the estimates of the Tim Study Center, from 2022 to 2026 Artificial Intelligence will offer a cumulative contribution to Italy's GDP of up to 195 billion euros, corresponding to an average annual value of almost 40 billion euros, equal to approximately 2% of GDP.


The spread ofArtificial intelligence Furthermore, it leads to an ever-increasing consumption of the services of Cloud Computing. Whereas between 7 and 10% of the expense Cloud is today induced by the use of machine learning, the TIM Study Center has calculated that in 2027 the diffusion of this technology alone will generate additional spending in Italy of over 870 million euros per year in public services Cloud.

Ercole Palmeri

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