Compound Annual Growth Rate (CAGR)

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A Compound Annual Growth Rate (CAGR) is a compound growth rate of an annual measure.



References

2021

  • (Wikipedia, 2021) ⇒ https://en.wikipedia.org/wiki/Compound_annual_growth_rate Retrieved:2021-4-14.
    • Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period. CAGR is not an accounting term, but it is often used to describe some element of the business, for example revenue, units delivered, registered users, etc. CAGR dampens the effect of volatility of periodic returns that can render arithmetic means irrelevant. It is particularly useful to compare growth rates from various data sets of common domain such as revenue growth of companies in the same industry or sector.

      CAGR is equivalent to the more generic exponential growth rate when the exponential growth interval is one year.

2021

  • https://prnewswire.com/news-releases/ai-to-replace-50-percent-low-skilled-jobs-in-5-7-years-says-beroe-inc-301267490.html
    • QUOTE: ... One-fifth of the workers will rely on AI by 2022. By 2030, robots will be the preferred workforce for more than three million jobs globally. The global AI market size is valued at $52.8 billion in 2020, which is expected to grow between 2019 and 2022 at a CAGR of close to 45.7 percent. The estimated growth will be $112.2 billion by 2022. Machine learning, image recognition, predictive analysis, and natural language processing will be the prevalent technologies in this market ...

      ... The European artificial intelligence market growth has been forecasted at a CAGR of 42-45 percent from 2019 to 2022. The segment of machine learning is a significant contributor to the revenue share of the artificial intelligence market in Europe. It will also be dominant until 2022. The CAGR is expected at 40 percent in terms of growth. Germany contributes to the majority of revenue in the AI market of Europe. ...