AI Infrastructure Market Size to Reach $309.4 Billion by 2031; Industry Compound Annual Growth Rate of 29.8%

According to a recent report by Allied Market Research titled "AI Infrastructure Market," the market was valued at $23.5 billion in 2021 and is projected to reach $309.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 29.8% from 2022 to 2031.

Artificial intelligence enables machines to learn from experience, adapt to new inputs, and perform human-like tasks. These capabilities allow AI-based technologies to automate complex processes such as autonomous driving, conversational bots, and spam detection, driving the growth of the AI infrastructure market. Additionally, the rising demand for improved operational efficiency and increasing labor costs, along with digital dependence and Industry 4.0 trends, are expected to create significant opportunities for market expansion during the forecast period.

Download Sample Report (Get Full Insights in PDF - 323 Pages) at: https://www.alliedmarketresearch.com/request-sample/A09353

In 2021, the machine learning segment dominated the global AI infrastructure market, accounting for over two-thirds of the market share, and it is anticipated to retain its leadership position throughout the forecast period. This dominance is driven by the extensive use of machine learning solutions to identify trends and patterns, enabling businesses to enhance their decision-making processes. Meanwhile, the deep learning segment is expected to experience the highest compound annual growth rate (CAGR) of 33.3% from 2022 to 2031, owing to its critical role in significant advancements such as the discovery of exoplanets, development of new drugs, disease detection, and subatomic particle research.

From a component perspective, the hardware segment led the market in 2021, contributing over half of the global AI infrastructure revenue, and is expected to maintain its prominence during the forecast period. This leadership stems from technological advancements in hardware that drive AI applications across industries, including finance, manufacturing, and healthcare. However, the services segment is set to achieve the highest CAGR of 33.8% between 2022 and 2031, driven by the benefits of AI infrastructure services, such as optimizing software deployment, enhancing the value of existing systems, reducing costs, and mitigating risks.

Buy Now & Get Exclusive Discount on this Report: https://www.alliedmarketresearch.com/ai-infrastructure-market/purchase-options

In terms of deployment, the on-premise segment held the largest market share in 2021, driven by benefits such as enhanced data security and reduced risk of breaches. Industries prefer on-premise models for these reasons. However, the cloud segment is anticipated to witness the highest growth, fueled by its lower cost, easier maintenance, flexibility, and scalability, which enhance business processes.

Regarding end users, the enterprise segment captured more than three-fifths of the global AI infrastructure market in 2021 and is projected to maintain its stronghold during the forecast period. This growth is attributed to AI infrastructure's ability to automate customer service and deliver personalized experiences, helping organizations make data-driven decisions more effectively. Conversely, the cloud service providers (CSPs) segment is forecasted to grow at the fastest CAGR of 33.5% from 2022 to 2031. Major cloud providers have introduced advanced AI solutions, leveraging their technological expertise and significant resources to build robust AI infrastructure.

Regionally, North America led the market in 2021 due to the growing adoption of AI infrastructure aimed at enhancing business operations and customer experiences. Meanwhile, Asia-Pacific is expected to register the fastest growth, driven by technological advancements, increased cloud adoption, and the growing use of artificial intelligence.

Access the full summary at: https://www.alliedmarketresearch.com/ai-infrastructure-market-A09353

The COVID-19 pandemic has also created new growth opportunities for AI infrastructure, with increased investments in technologies like cloud computing, big data, AI, and machine learning. Many companies have turned to cost-effective, cloud-based solutions to enhance productivity and financial performance. In manufacturing, challenges such as supply chain disruptions and raw material shortages led companies to leverage data analytics for efficiency. AI infrastructure solutions enabled manufacturers to optimize production, adapt operations, and innovate, creating new revenue streams and supporting market growth.

Major players in the AI infrastructure market include Alphabet Inc., Amazon.com, Inc., IBM Corporation, Intel Corporation, Micron Technology, Inc., Microsoft Corporation, NVIDIA Corporation, Oracle Corporation, Samsung, and Toshiba Corporation. These companies employ various strategies to strengthen their market presence and drive growth.

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A09353

Key insights from the study include:

1. The hardware segment dominated by component in 2021.
The on-premise segment held the largest share by deployment mode.

2. Machine learning led the market by technology in 2021.
Enterprises accounted for the largest share by end-user.

3. The AI training segment captured the largest share by application.

4. North America generated the highest revenue in 2021.

If you have any special requirements, Request customization: https://www.alliedmarketresearch.com/request-for-customization/A09353

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: + 1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.