AI Infrastructure Market is forecast to reach USD 156.7 billion in 2029, and is estimated to grow at a remarkable CAGR of 25.6% till 2029 | Size, Share Growth Analysis

The AI Infrastructure Market is expected to reach USD 156.7 billion in 2029, growing at a CAGR of 25.6% % over the forecast period (2022-2029).

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The factors driving growth of AI Infrastructure Market includes growing demand for AI hardware in strong computing data centers, AI Infrastructure solutions help companies in enhancing operational efficiency and performance and conserving natural resources and improvements in the living standards. Moreover, growing adoption of cloud machine learning systems across automotive, finance, tourism, and healthcare industries, ring focus on using parallel computing solutions and rapid urbanization, are some of the additional factors supplementing the AI Infrastructure Market share. In addition, the increasing investments by major companies on research and development, strategic partnerships, and collaborations between companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the AI Infrastructure Market is hindered due to insufficient availability of skilled workforce.

The prominent players operating in the market are Samsung, Advanced Micro Devices, Xilinx, IBM, Microsoft, Google, Intel Corporation, Amazon, Micron Technology, and Nvidia Corporation, among others.

Based on Offering, the Hardware segment is predicted to grow at a significant CAGR during the forecast period

Low procurement energy cost of AI based hardware and rise in the volumes of data generated by companies, are propelling AI Infrastructure Market size.

Based on Technology, the Machine Learning segment is projected to expand at a robust CAGR over the forecast period

As per the AI Infrastructure Market Analysis, Machine Learning solutions help engineers and data scientists to operate resources and processes required to train neural network models, is pushing growth of the segment.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

Presence of the leading players such as, IBM, Microsoft and Google, increasing number of data centers across United States and Canada, rapid industrialization, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.

Key Developments

In 2021, IBM updated its Elastic Storage System (ESS) which is highly scalable and designed for easy deployment. The model ESS 5000 can provide 10% more storage capacity and ESS 3200 will offer double the read performance of its predecessor.
In 2020, IBM and AMD entered into an agreement, building open-source software, open standards, and open system architectures to drive confidential computing in a hybrid cloud environment.

Market Segmentation

Segmentation by Offering

Hardware
Software

Segmentation by Technology

Machine Learning
Deep Learning

Segmentation by End-User

Enterprises
Government
Cloud Service Provider

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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