Press release
Global Artificial Intelligence (AI) Supercomputer Market Comprehensive Study: Forecasted Market Size And Growth Rate
Artificial Intelligence (AI) Supercomputer Market
The Business Research Company offers in-depth market insights through Artificial Intelligence (AI) Supercomputer Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The artificial intelligence (AI) supercomputer market size has grown exponentially in recent years. It will grow from $1.63 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 21.6%. The growth in the historic period can be attributed to increased adoption of AI in various industries, rise of autonomous vehicles and robotics, rising cloud computing and edge computing, government initiatives, growing big data.The artificial intelligence (AI) supercomputer market size is expected to see exponential growth in the next few years. It will grow to $4.23 billion in 2028 at a compound annual growth rate (CAGR) of 20.9%. The growth in the forecast period can be attributed to continued advancements in AI algorithms and models, rise of quantum computing, rapid growth of data centers, growing edge computing and IoT integrations, global investment in AI infrastructure. Major trends in the forecast period include AI-powered predictive analytics, cross-platform integration, expansion of IoT ecosystems and data monetization, demand for hybrid and multi-cloud deployments, vertical-specific analytics solutions.
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Market Segmentation:
The artificial intelligence (ai) supercomputer market covered in this report is segmented -
1) By Component: Processors Or Computer, Storage, Memory, Interconnects
2) By Deployement: Cloud, On-Premises
3) By Application: Government, Academia And Research, Commercial, Generative Artifical Intelligence, Computer Vision, Drug Discovery, Other Applications
Major Driver - The Surge In AI Applications And Its Impact On The Growing AI Supercomputer Market
The rapid adoption of artificial intelligence (AI) applications across various industries is expected to propel the growth of the artificial intelligence (AI) supercomputer market going forward. Artificial intelligence (AI) applications refer to the various ways in which AI technologies are utilized to perform tasks that typically require human intelligence. The companies are increasingly adopting AI to stay ahead of the competition and offer innovative solutions to their customers. AI algorithms optimize supercomputing operations by dynamically adjusting parameters, such as resource allocation, power management, and scheduling, based on workload and system conditions, thereby enhancing efficiency and maximizing performance. For instance, in May 2023, according to a report published by Stepsize AI, a UK-based technology company, AI adoption is expected to be prevalent, with 70% of software teams incorporating AI into its workflows. Further, among businesses, 55% have already embraced AI, and an additional 15% are planning to adopt AI by 2024. Therefore, the rapid adoption of artificial intelligence (AI) applications is driving the growth of the artificial intelligence (AI) supercomputer market.
Competitive Landscape:
Major companies operating in the artificial intelligence (ai) supercomputer market report are Google LLC, Meta Platforms Inc., Dell Technologies Inc., Hitachi Ltd., Huawei Technologies Co. Ltd., Amazon Web Services Inc., Intel Corporation, IBM Corporation, Samsung Electronics Co. Ltd., Oracle Corporation, Fujitsu Limited, Micron Technology Inc., Hewlett Packard Enterprise, Nvidia Corporation, Advanced Micro Devices Inc., MediaTek Inc., Arm Ltd., Kneron Inc., Silicon Graphics International, Cerebras Systems Inc., SambaNova Systems Inc., Kalray SA, PEZY Computing, Graphcore Inc., Groq Inc.
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Top Trend - Innovative Offerings In The AI Supercomputer Market
Major companies operating in the artificial intelligence (AI) supercomputer market are developing innovative products, such as cloud AI supercomputer, to provide reliable services to customers. This supercomputer is a network of high-performance computing systems linked together to collaborate on processing tasks. For instance, in July 2023, Cerebras Systems, a US-based artificial intelligence company, collaborated with G42, a UAE-based artificial intelligence company, to launch condor galaxy, a cloud AI supercomputer. The unique feature of the condor galaxy is its network of nine interconnected supercomputers, which presents a novel approach to AI compute. This innovative setup holds the promise of significantly reducing AI model training time. This solution enables users to leverage the power of an AI supercomputer without the complexities of managing or distributing models across physical systems.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Artificial Intelligence (AI) Supercomputer Market Characteristics
3. Artificial Intelligence (AI) Supercomputer Market Trends And Strategies
4. Artificial Intelligence (AI) Supercomputer Market - Macro Economic Scenario
5. Artificial Intelligence (AI) Supercomputer Market Size And Growth
…..
27. Artificial Intelligence (AI) Supercomputer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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