The global AI infrastructure market accounted for a value of 11.9 billion in 2019 and is projected to register growth at a CAGR of 18.3% during forecast period.
COVID-19 has impacted the AI infrastructure market. The spending in global AI technology is expected to decline by the end of 2020. The artificial intelligence infrastructure growth has slowed down due to reduced manufacturing capacity and slowdown of hardware supply. The solution and service providing businesses are estimated to showcase decline for a short time whereas the adoption of analytics, AI, security and collaboration is expected to foresee growth in this ongoing pandemic.
For more details, visit: Global AI Infrastructure Market By Offering (CPU, GPU, Others), By Technology (Deep Learning, Machine Learning, Others), By Deployment Type (Hybrid, Cloud, Others), By End-Users, By Region, Forecast & Opportunities to 2026
The adoption of cloud computing and machine learning platform is increasing. The demand for AI hardware in high performance computing data centers is rapidly increasing. The focus towards parallel computing in AI data is increasing and this drives growth in AI infrastructure market during forecast period.
On the basis of technology, the AI infrastructure market is segmented into deep learning and machine learning. The deep learning segment is estimated to grow at higher CAGR during forecast period. The deep learning technology enables a machine to build a hierarchical representation. The adoption of robots, IoT, Industrial automation, cybersecurity applications and machine vision technology is increasing around world. The deep learning technology helps in diagnosis and testing processes and it helps managing data. This increases adoption of deep learning technology and drives growth in this segment during forecast period.
On the basis of end-users, the AI infrastructure market is segmented into cloud service providers, enterprises and government organizations. The cloud service providers segment is estimated to grow at highest CAGR during forecast period. The cloud service providers offer network services, businesses applications and infrastructure in the cloud to various companies from different industries such as retail, automotive, manufacturing and healthcare. The adoption of cloud service providers is increasing and this drives growth in cloud service providers segment during forecast period.
North America region is estimated to hold largest market share during forecast period. The US and Canada are estimated to dominate the AI infrastructure market in North America region. The advancement is technology is rapidly increasing in this region and the investment in research & development in AI segment is rapidly increasing. The focus towards research & development segment is increasing to develop new technologies. The adoption of AI technology is higher in this region and this drives growth in North America region during forecast period.
The key market players in AI infrastructure sector are Intel Corporation, NVIDIA Corporation, Samsung Electronics, Micron Technology, Xilinx, Advanced Micro Devices, IBM, Google, Microsoft, Amazon Web Services, Cisco, ARM, Dell, HPE, Synopsys Inc. and Habana Labs.
- What are the expected industry trends over the next three to five years?
- Which of the AI infrastructure technology is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?