The Cloud AI Global Market Report 2023, provides comprehensive information on the cloud AI market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Cloud AI Market’s Growth:
https://www.thebusinessresearchcompany.com/report/cloud-ai-global-market-report
As per The Business Research Company’s Cloud AI Global Market Report 2023, the global cloud AI market is expected to grow from $43.04 billion in 2022 to $59.49 billion in 2023 at a compound annual growth rate (CAGR) of 38.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The cloud AI market is expected to reach $215.39 billion in 2027 at a CAGR of 37.9%.
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Innovative AI cloud services are a key trend gaining popularity in the cloud AI market. Major companies operating in the cloud AI market are focused on developing innovative AI cloud services to sustain their position in the market. For instance, in March 2023, NVIDIA Corporation, a US-based software company, launched DGX Cloud, a new AI supercomputing cloud service. This innovative technology solution allows businesses to run AI workloads at scale and speed and to access the latest AI technologies. It is equipped with the company’s most powerful GPUs. The service allows every company to access its own AI supercomputer using a simple online browser, which removes the hassle of buying, deploying, and operating on-premises hardware. Additionally, this cloud service includes scalability, reliability, security, and cost-effectiveness. Overall, DGX Cloud is a powerful and versatile cloud AI supercomputer service that offers several features that make it a good choice for businesses of all sizes.
The cloud AI market is segmented:
1) By Type: Solution, Service
2) By Technology: Deep Learning, Machine Learning, Natural Language Processing, Other Technologies
3) By End-User Vertical: Banking Financial Services And Insurance (BFSI), Healthcare, Automotive, Retail, Government, Education, Other End-User Verticals
North America was the largest region in the cloud AI market in 2022.
The table of contents in TBRC’s cloud AI market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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