AI Infrastructure Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The AI infrastructure market was valued at USD 38.34 billion in 2021, and it is expected to reach USD 120.69 billion by 2027, registering a CAGR of 20.59% during 2022-2027. Increasing demand for AI hardware in high-performance computing data centers and rising application of machine learning and deep learning technologies are expected to drive the growth of the market.
Key HighlightsThe AI infrastructure market is highly competitive, owing to multiple prominent players operating in domestic and international markets. The market appears to be moderately concentrated, with the significant players primarily adopting effective strategies such as product innovations and mergers and acquisitions. The market is a technology-driven market that witnesses players are putting substantial efforts into R&D to widen the functionality of their solutions. Some major players in the market are Nvidia Corporation, Microsoft Corporation, Google, and IBM.
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