AI Infrastructure Market Size

AI Infrastructure Market size was valued at USD 37.1 billion in 2023 and is estimated to cross USD 872.9 billion by the end of 2036, expanding around 30.1% CAGR during the forecast period, i.e., 2024-2036. In 2024, the industry size of AI infrastructure is estimated at USD 47.3 billion.

The market expansion is primarily attributed to the increasing adoption of AI-powered chatbots across several smart devices. In July 2024, Google announced that Gemini will be incorporated into Samsung devices such as Z Fold6, Galaxy Watches, and the latest Galaxy Z Flip6. The Gemini application is available in about 200 countries and in over 29 languages. Moreover, AI is useful for handling Big Data, this includes hardware comprising graphics processing units (GPUs), Tensor Processing Units (TPUs), specialized AI chips, software frameworks, and tools for developing and implementing AI.

The available AI-powered chatbots cater to a wide array of applications. For instance, detailed, consistent, accurate, and human-like outputs are provided as a response that can be incorporated by interconnecting various workspace applications such as Google Meet, Sheets, Docs, and Slides using chatbots such as ChatGPT and Gemini. This will impact the chatbot during the forecast period.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the AI infrastructure market was USD 37.1 billion.

The market size of the AI infrastructure landscape is projected to surpass USD 872.9 billion by the end of 2036 expanding at a CAGR of 30.1% during the forecast period i.e., between 2024-2036.

The major players in the market are Alibaba, NVIDIA, AIBrain, IBM, Microsoft, ConcertAI, Oracle, Salesforce, Inc., Amazon.com Inc., Google LLC, and others.

In terms of technology, the machine learning segment is anticipated to garner the largest market share of 59.1% by 2036 and display substantial growth opportunities during 2024-2036.

The market in the North America is projected to hold the largest market share of 41.9% by the end of 2036 and provide more business opportunities in the future.

AI Infrastructure Market Size