According to the research report titled ‘Global AI Infrastructure Market Size study, by Offering (Hardware, Server Software) Technology (Machine learning, deep learning) Function (Training, Inference) Deployment Type (On-premises, cloud, hybrid) End User (Enterprises, Government Organizations, Cloud Service Providers) and Regional Forecasts 2021-2027’, available with Market Study Report, global AI infrastructure market was valued at USD 18.6 billion in 2020 and is reckoned to record a compound annual growth rate of 27.3% over 2021-2027 to accumulate USD 100.8 billion by the end of the analysis timeframe.
 

Rising demand for cloud machine learning platforms, escalating data traffic with high computing power need as well as soaring popularity of artificial intelligence hardware in data centers are catalyzing the growth of global AI infrastructure market.
 

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Additionally, increasing focus towards building human-aware AI systems, lower hardware costs, and innovations in neurological functions are fueling the industry expansion. Surging number of cross-sector partnerships & collaborations and expanding AI applications in verticals such as healthcare, automotive, finance, and tourism are also augmenting the market growth trajectory.
 

For the unversed, artificial intelligence, or AI infrastructure refers to platforms used by companies to develop intelligent applications that require less human interaction. These platforms help in focusing on anomaly detection, capacity planning, resource usage, storage management, threat detection, and analysis.
 

Despite the positive outlook, concerns regarding data privacy, and dearth of AI hardware specialists are limiting overall industry development.
 

From a regional point of view, North America, Europe, Latin America, and Asia Pacific are the major contributors to worldwide AI infrastructure industry remuneration. Experts cite that North America captured a significant share in global industry in the recent past and is anticipated to continue the same trend over the forecast period. With Canada and U.S. at the forefront of innovation, the expansion can be attributed to significant focus on investments in research & development operations as well as the presence of major AI technology suppliers.
 

Speaking of the competitive landscape, Amazon Web Services, Inc., Microsoft Corporation, Google LLC, Micron Technology, Inc., Samsung Electronics Co., Ltd., Advanced Micro Devices, Inc., Xilinx, Inc., International Business Machines Corporation (IBM), Nvidia Corporation, and Intel Corporation are the major players influencing global AI infrastructure industry trends.