May 26, 2024
ICT

Artificial Intelligence (AI) Infrastructure Market Size, Growth, Report 2033

The global artificial intelligence (AI) infrastructure market size reached USD 37.03 billion in 2023 and is projected to attain around USD 421.44 billion by 2033, growing at a CAGR of 27.53% from 2024 to 2033.

Key Points

  • The North America artificial intelligence (AI) infrastructure market size accounted for USD 15.18 billion in 2023 and is expected to attain around USD 174.90 billion by 2033.
  • North America held the largest share of 41% the global Artificial intelligence (AI) infrastructure market.
  • Asia Pacific is expected to witness the fastest growth during the forecast period.
  • By technology, the machine learning segment held the largest share of the market.
  • By technology, the deep learning segment is expected to obtain a notable market share during the forecast period.
  • By end use, the enterprises segment held a significant share of the market in 2023 and is expected to grow rapidly during the forecast period.
  • By end use, the government organizations segment is expected to gain a substantial share of the market during the forecast period.
  • By offering, the hardware segment dominates the global.
  • By offering, the software segment is projected to expand substantially during the forecast period.
  • By deployment, the on-premises segment held a significant share of the market in 2023.
  • By deployment, the cloud segment is expected to grow rapidly during the forecast period.

Artificial Intelligence (AI) Infrastructure Market Size 2024 to 2033

The Artificial Intelligence (AI) Infrastructure Market is witnessing significant growth driven by the escalating demand for advanced AI solutions across various industries. AI infrastructure refers to the hardware and software components required to support AI applications, including processors, memory, storage, and networking devices. With the rapid advancements in AI technologies, organizations are increasingly investing in robust infrastructure to power their AI initiatives, driving the expansion of the AI infrastructure market globally.

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Growth Factors

Several factors contribute to the growth of the AI infrastructure market. These include the rising adoption of AI across industries such as healthcare, finance, retail, and manufacturing to enhance operational efficiency, automate processes, and gain competitive advantages. Moreover, the proliferation of big data and the increasing need for real-time data processing capabilities further fuel the demand for AI infrastructure solutions. Additionally, the emergence of deep learning algorithms and neural networks necessitates powerful computing resources, driving investments in high-performance AI infrastructure.

Region Insights:

The AI infrastructure market exhibits robust growth across various regions, with North America leading in terms of market share, driven by the presence of major technology companies, substantial investments in AI research and development, and early adoption of AI technologies across industries. Asia-Pacific is also experiencing significant growth, attributed to the rapid digital transformation, increasing government initiatives to promote AI adoption, and the growing tech-savvy population in countries like China, India, and Japan.

Artificial Intelligence (AI) Infrastructure Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 27.53%
Global Market Size in 2023 USD 37.03 Billion
Global Market Size in 2024 USD 47.23 Billion
Global Market Size by 2033 USD 421.44 Billion
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Offering, By Deployment, By Technology, By End-use
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Artificial Intelligence (AI) Infrastructure Market Dynamics

Drivers:

Key drivers influencing the AI infrastructure market include the growing demand for AI-driven applications, the need for scalable and efficient computing resources to handle complex AI workloads, and the rising investments in AI research and development by governments and enterprises. Furthermore, advancements in AI hardware accelerators, such as GPUs and TPUs, are driving the performance and efficiency of AI infrastructure, stimulating market growth.

Opportunities:

The AI infrastructure market presents numerous opportunities for vendors and service providers to capitalize on the growing demand for AI solutions. Opportunities lie in offering tailored AI infrastructure solutions to specific industry verticals, developing innovative hardware and software technologies to enhance AI performance, and expanding market presence in emerging regions with untapped potential for AI adoption.

Challenges:

Despite the promising growth prospects, the AI infrastructure market faces certain challenges. These include the complexity of deploying and managing AI infrastructure, interoperability issues with existing IT systems, security concerns related to sensitive data processed by AI applications, and the shortage of skilled professionals with expertise in AI infrastructure management.

Read Also: Glass Prepreg Market Size to Reach USD 11.45 Bn by 2033

Competitive Landscape:

The AI infrastructure market is highly competitive, with numerous players vying for market share. Major technology companies such as NVIDIA, Intel, IBM, and Google are investing heavily in AI hardware and software solutions to maintain their competitive edge. Additionally, a multitude of startups are entering the market, offering specialized AI infrastructure products and services, intensifying competition and driving innovation in the industry.

Artificial Intelligence (AI) Infrastructure Market Recent Developments

  • In March 2024, a ₹10,371.92 crore corpus was authorized by the Union cabinet on Thursday to finance AI start-ups and computing infrastructure in India. This fund would be utilized to cover the viability gap in projects that would have higher setup expenses for data centers and other facilities of similar kinds in India.
  • In February 2024, to enable the tremendous processing power that businesses require to thrive in the AI era, Cisco and NVIDIA today announced plans to develop simple-to-deploy and operate Artificial intelligence (AI) infrastructure solutions for the data center to enable the tremendous processing power that businesses require to thrive in the AI era, Cisco and NVIDIA today announced plans to develop simple-to-deploy and operate Artificial intelligence (AI) infrastructure solutions for the data center. According to Chuck Robbins, Chair and CEO of Cisco, “AI is fundamentally changing how we work and live, and history has shown that a shift of this magnitude is going to require enterprises to rethink and re-architect their infrastructures.”

Artificial Intelligence (AI) Infrastructure Market Companies

  • Advanced Micro Devices, Inc
  • Amazon Web Service
  • Cadence Design Systems
  • Cisco
  • Dell
  • Google
  • Graphcore
  • Gyrfalcon Technology
  • Hewlett Packard Enterprise Development LP
  • IBM
  • Imagination Technologies
  • INTEL
  • Micron Technology
  • Microsoft

Segments Covered in the Report

By Offering

  • Hardware
  • Software

By Deployment

  • On-premises
  • Cloud
  • Hybrid

By Technology

  • Machine Learning
  • Deep Learning

By End-use

  • Enterprises
  • Government Organization
  • Cloud Services Provider

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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