AI Statistics in Brazil 2024

Artificial Intelligence (AI) is rapidly transforming industries across the globe, and Brazil is no exception. In 2024, Brazil stands at a pivotal point in its AI journey, characterized by significant advancements and widespread adoption.

Brazil’s AI market is growing at an astonishing rate, with many sectors adopting AI to improve efficiency and outcomes.

For instance, over half of Brazilian courts now use AI to manage case backlogs, showcasing how this technology is becoming part of everyday operations. There are many other astonishing stats that will blow your mind.

Come discover those stats with me as in this article, I’ll look at some key statistics that highlight how AI is being used in Brazil in 2024.

I’ll explore how different industries are adopting AI, the speed of its growth, and what steps Brazil is taking to manage and regulate this technology. This will give you a clear understanding of Brazil’s progress and challenges in the world of AI.

AI Across the Globe: Key Statistics Unveiled

The following statistics highlight the transformative impact of AI across various sectors, driving innovation, efficiency, and economic growth on a global scale:

• Global AI Market Value: The global AI market was valued at BRL 317.67 billion in 2020 and is expected to reach BRL 5.08 trillion by 2028, growing at a CAGR of 40.2% from 2021 to 2028.
• AI Investment Surge: Venture capital investments in AI startups reached BRL 381.75 billion in 2020, a significant increase from BRL 249.35 billion in 2019.
• Corporate Adoption: 37% of organizations have implemented AI in some form, with an additional 57% planning to adopt AI in the next two years.
• AI in Healthcare: The AI healthcare market is projected to grow from BRL 33.54 billion in 2021 to BRL 229.59 billion by 2026, at a CAGR of 46.2%.
• AI in Customer Service: By 2025, 95% of customer interactions will be powered by AI, including chatbots and virtual assistants.
• AI and Job Automation: By 2030, AI could automate up to 30% of the world’s workforce, affecting between 400 million and 800 million jobs. Source: McKinsey Global Institute
• AI in Finance: The use of AI in the finance industry is expected to save BRL 2.27 trillion through improved efficiencies, cost reductions, and enhanced customer experiences.
• AI in Autonomous Vehicles: The autonomous vehicle AI market is projected to grow from BRL 52.15 billion in 2020 to BRL 274.78 billion by 2026, at a CAGR of 26.2%.
• AI and Cybersecurity: The AI in the cybersecurity market is expected to reach BRL 193.01 billion by 2026, growing at a CAGR of 23.3%.
• Consumer AI Products: By 2024, the number of devices with built-in AI technology is expected to reach 8 billion units, driven by the increasing integration of AI in smartphones, smart speakers, and wearables.

I am struck by the immense potential and transformative power that AI holds across various sectors globally. The projected growth of the global AI market from BRL 317.67 billion in 2020 to BRL 5.08 trillion by 2028 is staggering.

This rapid expansion signifies not only technological advancement but also the increasing reliance on AI to drive innovation and efficiency.

These statistics paint a picture of a future where AI is deeply embedded in every facet of our lives, driving significant economic, social, and technological changes.

While the potential benefits are immense, these advancements also come with challenges that we must address collectively. As I reflect on these figures, I am both excited and mindful of the responsibilities we hold in shaping an AI-driven future that is inclusive and beneficial for all.

Brazil’s AI Boom: Revealing the Market Size

The Artificial Intelligence market in Brazil is set to expand significantly, with projections indicating a market size of BRL 18.52 billion by 2024.

Over the period from 2024 to 2030, the market is expected to grow at an annual rate (CAGR) of 28.61%, reaching an impressive market volume of BRL 83.78 billion by 2030.

As I look at these projections, I’m struck by the rapid growth anticipated in Brazil’s generative AI market.

The expected revenue increase from BRL 7.74 billion in 2023 to BRL 13.33 billion by 2024, followed by a robust CAGR of 29.97% through to 2032, signifies a strong upward trajectory. This growth highlights the country’s increasing adoption and integration of AI technologies across various sectors.

The significant market value of the hardware segment, projected to reach BRL 59.54 billion by 2032, suggests a substantial investment in the physical infrastructure needed to support advanced AI applications.

This is an exciting development, as it indicates that Brazil is building the necessary foundation to support a thriving AI ecosystem.

Furthermore, the prediction that the IT and Telecom sectors will contribute nearly 32% of the market by 2032 emphasizes the critical role these industries play in the AI landscape.

It makes me think about how integral AI will become in enhancing telecommunications and IT services, driving innovation and efficiency.

Overall, these statistics paint a picture of a dynamic and rapidly evolving AI market in Brazil. It’s clear that the country is positioning itself as a significant player in the global AI arena, with substantial investments and growth expected in the coming years.

This makes me optimistic about the future of AI in Brazil and the transformative potential it holds for various industries.

Brazil’s AI Revolution: Key Statistics and Insights

As Brazil rapidly integrates artificial intelligence across various sectors, understanding the key statistics and insights becomes crucial. The country is happily adopting AI. Here are some key statistics that highlight Brazil’s dynamic AI market and its promising future:

• KPMG’s global study found that Brazil has one of the highest levels of trust in AI, with more than half of the sampled population trusting AI systems.
• 86% of Brazilians trust the tech sector, and more than half of the population trusts AI systems.
• 50% of companies in Brazil rely on AI for at least one business application, and another 34% are exploring AI technologies.
• AI is forecasted to contribute to a 4.2% increase in Brazil’s GDP by 2030.
• The lower house of the Brazilian Congress began considering proposals to establish rules and parameters for AI regulation as early as 2020.

Brazil Leads Latin America in AI Adoption

Brazil is at the forefront of artificial intelligence adoption in Latin America, setting the pace for technological innovation and integration across the region.

With significant investments and advancements in AI technologies, Brazil is transforming various industries, including healthcare, finance, education, and telecommunications.

This leadership position not only showcases the country’s commitment to embracing AI but also highlights the growing importance of AI in driving economic and social development. Here are some key statistics that underscore Brazil’s leadership in AI adoption:

• 63% of companies in Brazil use AI for various business purposes.
• Seven out of ten companies in Brazil use AI to identify consumer behavior and trends.
• 60% of companies in Latin America are investing in data and analytics.
• 86% of companies in the region use data and analytics solutions.
• 38% of companies are still using spreadsheets for some analyses.

Brazil is significantly ahead in AI adoption compared to other Latin American countries like Chile, Argentina, and Mexico, with a high percentage of companies investing in AI and data analytics to drive business decisions and identify consumer trends.

I see this country going towards AI and data analytics, with notable room for improvement in moving beyond traditional spreadsheet analyses.

The Rise of Creativity: Generative AI Revolutionizes Brazil

Brazil is at the forefront of a new technological revolution with the rise of generative AI. This innovative technology is transforming various sectors by enabling machines to create content, design solutions, and generate new ideas.

From art and entertainment to business and technology, generative AI is unlocking unprecedented creative potential in Brazil. Here are some key statistics and insights that highlight the state of generative AI in Brazil.

• Generative AI in Brazil is expected to grow at a compound annual growth rate of 100 percent by 2027.
• Canva receives nearly 10% of its traffic from Brazil, making the country second in its user ranking.
• PicPay, a Brazilian fintech, has over 60 million users.
• 54% of medium and large Brazilian companies are studying how to apply generative AI.
• 20% of medium and large Brazilian companies are trying to understand how best to train their employees in generative AI.
• There is going to be USD 1.6 billion expected spending on analytics and AI platforms by the end of 2024.

Interest and Optimism Toward AI Technologies

Brazil is witnessing a remarkable hike in interest and optimism towards AI technologies. As artificial intelligence continues to revolutionize industries and enhance daily life, Brazilians are increasingly embracing this technological wave with enthusiasm.

Here are some key insights and statistics highlighting the growing interest and optimism towards AI in Brazil.

• Four out of six Brazilians believe AI can have a positive impact on their lives.
• 15% Brazilian consumers are interested in using AI.
• Less than 34% of Brazilians feel threatened by the advancement of AI, compared to higher percentages in countries like the United States, Canada, France, the United Kingdom, and Australia.

From these statistics, I see Brazilians demonstrating significantly higher interest and optimism toward AI technologies compared to the global average, with a notable majority viewing AI positively and a lower proportion feeling threatened by its advancements.

AI Healthcare Boom: Brazil’s Leap into the Future

Brazil is making significant progress in integrating AI into its healthcare sector, revolutionizing patient care, diagnostics, and medical research. This technological leap is enhancing the efficiency and effectiveness of healthcare services across the country.

From AI-driven diagnostic tools to advanced patient management systems, Brazil is at the forefront of using AI to improve health outcomes. Here are some key statistics and insights that highlight Brazil’s progress in AI healthcare:

• The market size for AI in healthcare was $0.17 billion in 2022.
• The projected market size for AI in healthcare in Brazil is $3.60 billion by 2030.
• The compound annual growth rate (CAGR) expected from 2022 to 2030 is 46.22%.
• Brazil’s GDP accounted for by healthcare is 9.1%.
• 311 women: Imaging scans were used in a study by the International Research Centre (CIPE) with the AC Camargo Cancer Center in São Paulo to predict HER2 subtype breast cancer using AI.
• 1.3 billion adults worldwide suffer from hypertension, highlighting the market potential for AI-enabled smartwatches capable of monitoring blood pressure more efficiently.
• 70% of patients who use telemedicine repeat the experience within 60 days, showcasing the efficiency of AI in expanding medical care.
• 16% of Brazilian households indicate a digital divide that impacts access to AI-enabled healthcare services.

Brazil’s AI in healthcare market is experiencing rapid growth with significant investments and advancements in AI technologies. This growth is marked by substantial increases in market size, a high CAGR, and widespread adoption in medical imaging, telemedicine, drug discovery, and clinical trials.

Legal Intelligence: Brazil’s AI Transformation in the Judiciary

Brazil’s legal sector is undergoing a transformative shift with the integration of artificial intelligence technologies. These advancements are streamlining judicial processes, improving case management, and enhancing the efficiency of legal proceedings.

Here are some key statistics and insights that illustrate the impact of AI on Brazil’s legal sector:

• More than half of Brazil’s 92 courts use some kind of artificial intelligence tool.
• 66 AI systems are currently in operation in Brazilian courts.
• A 2021 survey by the Brazilian Internet Steering Committee (CGI.br) showed that 55 percent of judicial branch institutions use AI tools, followed by the legislative (48 percent) and executive (45 percent) branches.
• More than 90 percent of the AI tools used by the judicial branch are built in-house.

Brazil is heavily utilizing AI tools within its judicial system to manage an overwhelming backlog of cases, with more than half of its courts employing these technologies.

Despite having a large number of pending cases, the integration of AI is aiding in data structuring, workflow automation, and information retrieval, highlighting the importance of AI in improving judicial efficiency.

Smart Classrooms: The Rise of AI in Brazilian Education

Brazil is embracing the power of AI to transform its education system, creating smarter, more efficient classrooms. From personalized learning experiences to advanced educational tools, AI is revolutionizing how students learn and teachers instruct.

This integration of technology is paving the way for a more dynamic and engaging educational landscape. Here are some key statistics and insights that highlight the impact of AI on education in Brazil:

• 74.8% of teachers in Brazil partially or totally agree with the use of AI in teaching.
• 39.2% of teachers use AI as a teaching tool.
• 45.7% of teachers stated that both teachers and students have access to computers and the internet at their schools.
• 7% of teachers reported that there is still no access to technology in their schools.
• In higher education, the field of IT and communication is the most sought-after by 30.1% of young people.

A significant majority of teachers in Brazil support the use of AI in education, although less than half actively use it in their teaching.

I notably see challenges related to infrastructure and training that hinder the full integration of AI tools in schools. I believe proper policies and support from the government can help increase the numbers.

FAQs

Conclusion

As I reflect on the transformative impact of artificial intelligence across various sectors in Brazil, it’s clear that the country is embracing this technology with remarkable enthusiasm and optimism.

The integration of AI is not only enhancing efficiency and innovation but also driving economic growth and improving the quality of life for its citizens.

However, this journey is not without its challenges. The country faces significant challenges in ICT education and income inequality, which impact the accessibility and effective use of technology.

This suggests a need for comprehensive public policies and improved digital literacy to ensure responsible and informed technology use. Overall, I am optimistic about Brazil’s AI trajectory and its potential to set a benchmark for other nations in embracing the AI revolution.

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