The ai infrastructure global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
AI Infrastructure Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ai infrastructure market size has grown exponentially in recent years. It will grow from <b>$44.28 billion in 2023 to $58.07 billion in 2024 at a compound annual growth rate (CAGR) of 31.2%. </b> 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 <b>$169.16 billion in 2028 at a compound annual growth rate (CAGR) of 30.6%. </b> 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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Scope Of AI Infrastructure Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
AI Infrastructure Market Overview
Market Drivers –
The increase in data traffic and need for high computing power are expected to propel the growth of the AI infrastructure market going forward. Data traffic refers to the amount of data moving across a computer network at any given time. In contrast, high computing power refers to the ability of systems to process data and perform complex calculations at high speeds. HPC infrastructure helps AI models with storage, networking, and data processing to make AI projects work at scale by processing workloads quickly, significantly speeding up the training stage, and boosting the accuracy and reliability of AI models in minimum time. For instance, in June 2022, according to Ericsson, a Sweden-based networking and telecommunications company, the company reported that mobile network data traffic grew 10% between the fourth quarter of 2021 and the first quarter of 2022. For the year-over-year comparison, that growth reached 40%. Further, in May 2022, according to International Data Corporation (IDC), a US-based advisory services provider in information technology and telecommunications, approximately 50% of startups in Asia-Pacific focus on high-performance computing infrastructure to address genomic data challenges in life sciences due to its high computing capabilities. Therefore, the increasing data traffic and need for high computing power are driving the growth of the AI infrastructure market.
Market Trends –
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.
The ai infrastructure market covered in this report is segmented –
1) By Offerings: Hardware, Server Software
2) By Function: Training, Inference
3) By Technology: Machine Learning, Deep Learning
4) By Deployment Type: On-Premises, Cloud, Hybrid
5) By End User: Enterprises, Government Organizations, Cloud Service Providers
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Regional Insights –
North America was the largest region in the AI infrastructure market in 2023. Asia-Pacific is expected to be the fastest-growing region in the AI infrastructure market report forecast period. The regions covered in the ai infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the ai infrastructure market report are 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
Table of Contents
1. Executive Summary
2. AI Infrastructure Market characterstics
3. AI Infrastructure Market Trends And Strategies
4. AI Infrastructure Market – Macro Economic Scenario
5. Global AI Infrastructure Market Size And Growth
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31. Global AI Infrastructure Market Competitive Benchmarking
32. Global AI Infrastructure Market Competitive Dashboard
33. Key Mergers And Acquisitions In The AI Infrastructure Market
34. AI Infrastructure Market Future Outlook and Potential Analysis
35. Appendix
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