Artificial Intelligence Server Market Size, Share, Analysis, Opportunities And Strategies

"The Business Research Company recently released a comprehensive report on the Global Artificial Intelligence Server Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The artificial intelligence server market size has grown exponentially in recent years. It will grow from $20.21 billion in 2023 to $24.53 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth in the historic period can be attributed to increased computational power, growing demand for automation, cost reduction in robotics, rising need for precision and accuracy, evolution of explainable ai.

The artificial intelligence server market size is expected to see exponential growth in the next few years. It will grow to $52.02 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to customization and adaptability, increased use of ai for decision-making, rise in robotic process automation (rpa), focus on human-robot interaction, advancements in ai ethics and regulation. Major trends in the forecast period include integration with 5g technology, advancements in sensor technologies, collaborative robotics (cobots), technological advancements in ai, swarm robotics with ai coordination.

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Market Drivers and Trends:

The growth of artificial intelligence (AI) workloads in a variety of industries is expected to propel the growth of the artificial intelligence server market going forward. AI workloads refer to the computational tasks and processes associated with the execution of artificial intelligence (AI) applications and algorithms. AI servers play a crucial role in artificial intelligence (AI) workloads, as they are specifically designed and optimized to handle the high-performance computing demands of AI applications. The role of AI workloads in an artificial intelligence server is to efficiently process and analyze large volumes of data using complex algorithms, enabling the server to perform tasks such as machine learning training and inference with enhanced speed, accuracy, and scalability. For instance, in January 2024, according to a report issued by Social Shepherd, a UK-based digital marketing agency, approximately 68% of employees want their employers to incorporate more AI technology in the workplace. Currently, 56% of employees utilize AI daily. Furthermore, in May 2022, according to the IBM Global AI Adoption Index 2022 by IBM, a US-based technology corporation, a poll conducted of 7,502 businesses found that 35-36% of global companies were already implementing AI, and 42-64% were exploring its potential. 64% of businesses believe that AI will improve business productivity, and 42% believe it will streamline job processes. Therefore, the growth of artificial intelligence (AI) workloads in a variety of industries will drive the growth of the artificial intelligence server market.

Major companies operating in the artificial intelligence server market are focusing on introducing innovative products, such as edge AI servers, to drive their revenues in the market. An edge AI server is a computing device that performs AI computations at the edge of a network, typically on the device where the data is created, such as a camera, car, or medical device. For instance, in December 2023, BrainChip Holdings Ltd., an Australia-based technology company, and Unigen, a US-based company that provides affordable, high-quality wireless charging solutions, together introduced a new version of their Unigen Cupcake Edge AI server. This device is designed to run sophisticated artificial intelligence (AI) applications at the edge, which means it can process data closer to where it's generated rather than relying on the cloud or internet connections. The technology powering the device, BrainChip's Akida neuromorphic processor, enables it to achieve high efficiency, precision, and energy economy, making it a versatile solution for a wide range of use cases.

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Major Key Players of the Market:

Major companies operating in the artificial intelligence server market report are Google LLC, Microsoft Corporation, Dell Technologies Inc., Huawei Technologies Co. Ltd., Tencent Holdings Limited, Amazon Web Services Inc., Lenovo Group Limited, Intel Corporation, Accentur*e PLC, IBM Corporation, Cisco Systems Inc., Oracle Corporation, Fujitsu Limited, Salesforce Inc., NVIDIA Corporation, Hewlett Packard Enterprise, ZTE Corporation, Super Micro Computer Inc, Epam Systems, Dawning Information Industry Co. Ltd., GIGA-BYTE Technology Co. Ltd., Inspur Group, ADLINK Technology Inc., Talkweb Information System Co., Ltd., Lambda, Nettrix Inc., H3C, Enginetech

Artificial Intelligence Server Market 2024 Key Insights:

• The artificial intelligence server market is expected to grow to $52.02 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%.
• Surge Of AI Workloads Drives The Artificial Intelligence Server Market
• Focus On Introducing Edge AI Server To Drive Revenues
• North America was the largest region in the artificial intelligence server market in 2023

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