|Market Size in 2020||Market Forecast in 2028||CAGR (in %)||Base Year|
|USD 21.7 Billion||USD 82.1 Billion||28.1%||2020|
AI Infrastructure Market
The global AI Infrastructure market accrued earnings worth approximately 21.7 (USD Billion) in 2020 and is predicted to gain revenue of about 82.1 (USD Billion) by 2028, is set to record a CAGR of nearly 28.1% over the period from 2021 to 2028.
The report offers an assessment and analysis of the AI Infrastructure market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
AI infrastructure includes each phase of the machine learning workflow. Apparently, it facilitates data scientists, software professionals, data engineers, and DevOps groups in accessing & effectively handling computer resources for monitoring, training, and installing AI algorithms.
Furthermore, AI infrastructure is those tools upon which firms can develop intelligent apps that are predictive, self-healing, and need minimum intervention from human beings. Utilization of AI infrastructure has facilitated accurate mapping of workload to virtual machine & server configuration. Additionally, AI infrastructure assists firms to focus on resource utility, threat determination, storage management, capacity planning, and anomaly detection.
The surging adoption of cloud machine learning tools in companies and the burgeoning popularity of AI hardware in high-performing computing data centers will steer the expansion of the AI infrastructure market over the forecast timespan. In addition to this, large-scale use of artificial intelligence in healthcare, BFSI, automotive, and tourism sectors will boost the expansion of the AI infrastructure industry over the forecast period.
Reduction in hardware costs and massive focus of firms on using parallel computing in AI data centers will aid the growth of the AI infrastructure market size in upcoming years. The escalating proportion of cross-industry alliances & collaborations will further steer the expansion of the AI infrastructure industry over 2021-2028. The surge in data traffic & requirement for high computing power will drive market trends.
Furthermore, the COVID-19 pandemic is projected to enhance the acceptance of AI systems in healthcare activities as the penetration of the latter will prominently surge in the healthcare industry in this pandemic situation, thereby scaling up AI infrastructure market growth.
Moreover, firms can decimate costs, enhance process efficiency, and minimize human contact through the use of AI tools. This, in turn, will proliferate market value over the assessment timeline. In addition to this, the large-scale use of AI in predictive maintenance processes will expand the scope of the AI infrastructure market over the assessment timeframe.
|Report Attributes||Report Details|
|Report Name||AI Infrastructure Market Research Report|
|Market Size in 2020||USD 21.7 Billion|
|Market Forecast in 2028||USD 82.1 Billion|
|Growth Rate||CAGR of 28.1%|
|Number of Pages||255|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||Micron Technology, Advanced Micro Devices, Samsung Electronics, Amazon Web Services, CISCO System, NVIDIA Corporation, Google LLC, Microsoft Corporation, IBM Corporation, Intel Corporation, and Xilinx.|
|Segments Covered||By End-User, By Component, By Deployment Mode, And By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)|
|Historical Year||2018 to 2020|
|Forecast Year||2021 - 2028|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
North America To Make Notable Contributions to Overall Market Size By 2028
The expansion of the AI infrastructure market in North America during the assessment period is owing to heavy investments by governments in the U.S. and Canada in developing novel technologies. The massive use of AI-based servers in Canada and the U.S. will create lucrative growth opportunities for the AI infrastructure industry in North America during the prognostic period. The strong presence of reputed industry players in the sub-continent will contribute majorly toward regional market size in the foreseeable future.
Key participants profiled in reports and leveraging industry growth include
Surging adoption of cloud machine learning tools in companies and burgeoning popularity of AI hardware in high-performing computing data centers will steer expansion of AI infrastructure market over forecast timespan.
According to Zion market research report, the global AI Infrastructure market Size accrued earnings worth approximately 21.7 (USD Billion) in 2020 and is predicted to gain revenue of about 82.1 (USD Billion) by 2028, is set to record a CAGR of nearly 28.1% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market revenue over the estimated timeline. The regional market surge is due to heavy investments by governments in the U.S. and Canada in developing novel technologies. Massive use of AI-based servers in Canada and the U.S. will create lucrative growth opportunities for AI infrastructure industry in North America during prognostic period. Strong presence of reputed industry players in sub-continent will contribute majorly towards regional market size in foreseeable future.
The key market participants include Micron Technology, Advanced Micro Devices, Samsung Electronics, Amazon Web Services, CISCO System, NVIDIA Corporation, Google LLC, Microsoft Corporation, IBM Corporation, Intel Corporation, and Xilinx.