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AI Infrastructure Market Share, Trends, Growth Rate, Industry Report And Forecast To 2033
AI Infrastructure Market Share
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According to The Business Research Company's, The ai infrastructure market size has grown exponentially in recent years. It will grow from $44.28 billion in 2023 to $58.07 billion in 2024 at a compound annual growth rate (CAGR) of 31.2%. The growth in the historic period can be attributed to increased data generation, advancements in deep learning, demand for real-time processing, regulatory compliance requirements, data privacy and security concerns.
The ai infrastructure market size is expected to see exponential growth in the next few years. It will grow to $169.16 billion in 2028 at a compound annual growth rate (CAGR) of 30.6%. The growth in the forecast period can be attributed to quantum computing advances, energy efficiency considerations, growth of explainable ai standards, personalization in customer experience, rapid growth in ai applications. Major trends in the forecast period include rapid growth in ai adoption across industries, expansion of edge ai, development of ai-specific hardware, hybrid and multi-cloud deployments, ai-optimized storage solutions, ai security and ethical considerations, collaboration between ai and cloud providers.
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Market Drivers and Trends:
The increasing demand for cloud services is expected to drive the growth of the AI infrastructure market forward. Cloud services refer to a broad range of on-demand computing resources and applications that are delivered over the internet. Cloud services are used in AI infrastructure to provide a flexible and scalable platform for developing, deploying, and managing AI applications and to empower organizations to develop. For instance, in September 2022, according to reports shared by the AAG IT Support Service, a US-based digital transformation service provider, in 2022, a global study of 753 technical and business professionals revealed that 63% of respondents reported heavy usage of cloud services. This marked an increase from 59% in 2021 to 53% in 2020. Therefore, the increasing construction industry is expected to propel the growth of the AI infrastructure market.
Technological advancement is the key trend that is gaining popularity in the AI infrastructure market. Major companies operating in the AI infrastructure market are focused on developing new technological solutions to strengthen their position. For instance, in June 2021, Nvidia Corporation, a US-based company operating in AI infrastructure, introduced NVIDIA AI Launchpad, an end-to-end, cloud-native suite of AI and data analytics software, to streamline the entire AI lifecycle and deploy AI infrastructure quicker and support every aspect of AI virtually such as data center training and inference to full-scale deployment at the edge. Moreover, NVIDIA AI LaunchPad is compatible with GPUs and DPUs-based systems, and this combination will help enterprises with the ability to accelerate AI workloads and also advantage of security, isolation, and performance enhancements provided by DPUs.
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Major Key Players of the Market:
Nvidia Corporation, Intel Corporation, Oracle Corporation, Samsung Group, Micron Technology Inc., Advanced Micro Devices Inc., International Business Machines Corporation, Google LLC, Microsoft Corporation, Amazon Web Services Inc., SK Hynix Inc., Cisco Systems Inc., Arm Limited, Xilinx Inc., Dell Inc., Synopsys Inc., Hewlett Packard Enterprise Company, Cadence Design Systems Inc., Toshiba Corporation, SenseTime Group Limited, Imagination Technologies Limited, Graphcore Limited, Habana Labs Limited, Meta Platforms Inc., Nutanix Inc., Pure Storage Inc., Wave Computing Inc., Tenstorrent Inc., Gyrfalcon Technology Inc., Cambricon Technologies Corporation Limited
AI Infrastructure Market 2024 Key Insights:
• The ai infrastructure market size is expected to see exponential growth in the next few years. It will grow to $169.16 billion in 2028 at a compound annual growth rate (CAGR) of 30.6%.
• Data Traffic Surge And Growing Computing Needs Propel The Ai Infrastructure Market
• Technological Advancements Transforming The Landscape Of Ai Infrastructure
• North America was the largest region in the AI infrastructure market in 2023
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