Global AI Infrastructure Market Industry Size, Share, Insights, Growth Drivers


Posted March 6, 2024 by ctom7000

Cloud service providers segment is expected to grow with the highest CAGR in AI infrastructure market during the forecast period

 
Discover the latest insights into the AI infrastructure market with the recently published research report by MarketsandMarkets. According to their findings, the global AI infrastructure market is poised for substantial growth, projected to surge from USD 28.7 billion in 2022 to a staggering USD 96.6 billion by 2027, boasting a remarkable CAGR of 27.5%.

The growth trajectory of this market is attributed to several key factors, including the escalating data traffic and the growing demand for high computing power. Additionally, the increasing adoption of cloud-based machine learning platforms, coupled with the surge in complex datasets, further propels market expansion. The COVID-19 pandemic has also catalyzed the adoption of AI across various industries, fostering collaborations and partnerships, and fueling the demand for AI infrastructure.

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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=38254348

One notable segment driving market growth is inference, expected to hold the largest market share and witness the highest growth rate during the forecast period. Inference, critical for real-time analysis, demands infrastructure capable of processing data swiftly, thus bolstering market demand.

Cloud service providers emerge as key players in the AI infrastructure market, poised to register the highest CAGR. With cloud services driving cost efficiencies and facilitating digital transformation, their adoption in the AI infrastructure space is on the rise.

Geographically, North America leads the AI infrastructure market in 2022, with significant contributions from initiatives aimed at addressing the challenges posed by the COVID-19 pandemic. The region is expected to maintain robust growth, supported by ongoing advancements in AI technology and widespread adoption across various sectors.

Key players shaping the AI infrastructure market landscape include NVIDIA Corporation, Intel Corporation, Oracle Corporation, Samsung Electronics Co., Ltd., and many others. Their contributions and innovations continue to drive the evolution of AI infrastructure, paving the way for enhanced capabilities and transformative applications.
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Issued By Tom
Country United States
Categories Advertising
Tags ai infrastructure market
Last Updated March 6, 2024