The global AI Infrastructure Market is projected
to grow from USD 14.6 billion in 2019
to USD 50.6 billion by 2025, at a CAGR of
23.1%. Major factors driving the AI infrastructure market include rising focus
on parallel computing in AI data centers, increasing adoption of cloud machine
learning platform, improving computing power and declining hardware cost, growing
volume of data generated in industries such as automotive and healthcare.
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Hardware segment is
expected to hold larger share of global AI infrastructure market, by offering,
during forecast period
Hardware devices
required to build AI infrastructure include processors, memory, storage, and
interconnects. With rapid technological advances, smaller, more efficient, and
more powerful neuromorphic chip-based systems are expected to replace large
hardware devices in the coming years. There is increasing competition between
established companies and start-ups in the market, leading to the launching and
development of hardware products and software platforms to run machine learning
algorithms and other AI programs. The hardware segment is expected to continue
to lead the AI infrastructure market in the coming years owing to the rising demand
for hardware devices with high computing power to run various AI
algorithms/solutions.
AI Infrastructure
Market for Enterprises in APAC is Estimated to Grow at Highest CAGR During
Forecast Period
High technological
developments across various data centers of enterprises have generated and
stored large volumes of data. Complexities within the IT infrastructure
encourage these data centers to adopt virtualization technology, thereby
driving the growth of enterprise data centers. Also, the utilization of advanced
big data solutions for operational data explosion is impacting the future
requirements for AI-based servers. Enterprises include automotive, banking
& finance, healthcare, retail and e-commerce, media and entertainment
organizations, etc. The exponential growth of retail and e-commerce data
has created the growing need for powerful data centers where a massive number
of servers connected through data center networks can work together to provide
online services. The adoption of new technologies in healthcare creates new
requirements for the IT network to manage a large volume of patient data, and
organizations must ensure that their IT systems can deal with the data traffic
issue and meet the performance requirements. All these needs are likely to result
in the increasing number of data centers.
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North America is Expected to hold Largest Share of Global AI
Infrastructure Market During Forecast Period
The US and Canada are expected to adopt AI-based servers at
a high rate. These countries are technologically developed economies in North America because of their strong focus on
investing in R&D activities for the development of new technologies. The
North American AI infrastructure market is further segmented into the US, Canada, and Mexico.
The US is one of the major contributors to the North American AI infrastructure
market. The US is one of the leading countries in the world to adopt AI
technology. In addition, the presence of prominent AI technology providers in
the country, such as IBM, Google, Microsoft, NVIDIA, Intel, Facebook, MetaMind,
Tute Genomics, and Amazon.com, is boosting the growth of the AI infrastructure
market in this region.
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Key
players operating in the AI infrastructure market are Intel Corporation (US),
NVIDIA Corporation (US), IBM (US), Samsung Electronics (South Korea), Google (US), Microsoft (US), Micron
Technology (US), Amazon Web Services (US), CISCO (US), Oracle (US), ARM (UK),
Xilinx (US), Advanced Micro Devices (AMD) (US),
Dell (US), HPE (US), Habana Labs (Israel), and
Synopsys Inc. (US).
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