The artificial intelligence server global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Artificial Intelligence Server Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The artificial intelligence server market size has grown exponentially in recent years. It will grow from $20.21 billion in 2023 to $24.53 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth in the historic period can be attributed to increased computational power, growing demand for automation, cost reduction in robotics, rising need for precision and accuracy, evolution of explainable ai.
The artificial intelligence server market size is expected to see exponential growth in the next few years. It will grow to $52.02 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to customization and adaptability, increased use of ai for decision-making, rise in robotic process automation (rpa), focus on human-robot interaction, advancements in ai ethics and regulation. Major trends in the forecast period include integration with 5g technology, advancements in sensor technologies, collaborative robotics (cobots), technological advancements in ai, swarm robotics with ai coordination.
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Scope Of Artificial Intelligence Server Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Artificial Intelligence Server Market Overview
Market Drivers –
The growth of artificial intelligence (AI) workloads in a variety of industries is expected to propel the growth of the artificial intelligence server market going forward. AI workloads refer to the computational tasks and processes associated with the execution of artificial intelligence (AI) applications and algorithms. AI servers play a crucial role in artificial intelligence (AI) workloads, as they are specifically designed and optimized to handle the high-performance computing demands of AI applications. The role of AI workloads in an artificial intelligence server is to efficiently process and analyze large volumes of data using complex algorithms, enabling the server to perform tasks such as machine learning training and inference with enhanced speed, accuracy, and scalability. For instance, in January 2024, according to a report issued by Social Shepherd, a UK-based digital marketing agency, approximately 68% of employees want their employers to incorporate more AI technology in the workplace. Currently, 56% of employees utilize AI daily. Furthermore, in May 2022, according to the IBM Global AI Adoption Index 2022 by IBM, a US-based technology corporation, a poll conducted of 7,502 businesses found that 35–36% of global companies were already implementing AI, and 42–64% were exploring its potential. 64% of businesses believe that AI will improve business productivity, and 42% believe it will streamline job processes. Therefore, the growth of artificial intelligence (AI) workloads in a variety of industries will drive the growth of the artificial intelligence server market.
Market Trends –
Major companies operating in the artificial intelligence server market are focusing on introducing innovative products, such as edge AI servers, to drive their revenues in the market. An edge AI server is a computing device that performs AI computations at the edge of a network, typically on the device where the data is created, such as a camera, car, or medical device. For instance, in December 2023, BrainChip Holdings Ltd., an Australia-based technology company, and Unigen, a US-based company that provides affordable, high-quality wireless charging solutions, together introduced a new version of their Unigen Cupcake Edge AI server. This device is designed to run sophisticated artificial intelligence (AI) applications at the edge, which means it can process data closer to where it’s generated rather than relying on the cloud or internet connections. The technology powering the device, BrainChip’s Akida neuromorphic processor, enables it to achieve high efficiency, precision, and energy economy, making it a versatile solution for a wide range of use cases.
The artificial intelligence server market covered in this report is segmented –
1) By Server Type: Artificial Intelligence (AI) Data Server, Artificial Intelligence (AI) Training Server, Artificial Intelligence (AI) Inference Server, Other Servers
2) By Hardware Architecture: GPU Servers, ASIC Servers, FPGA Servers, Other Server Architectures
3) By AI Server Infrastructure: Cloud, On-Premise, Edge
4) By End-Use: IT And Telecommunication, Transportation and Automotive, Banking, Financial Services, and Insurance (BFSI), Retail and E-commerce, Healthcare , Pharmaceutical, Industrial Automation
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Regional Insights –
North America was the largest region in the artificial intelligence server market in 2023. The regions covered in the artificial intelligence server market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the artificial intelligence server market report are Google LLC, Microsoft Corporation, Dell Technologies Inc., Huawei Technologies Co. Ltd., Tencent Holdings Limited, Amazon Web Services Inc., Lenovo Group Limited, Intel Corporation, Accenture PLC, IBM Corporation, Cisco Systems Inc., Oracle Corporation, Fujitsu Limited, Salesforce Inc., NVIDIA Corporation, Hewlett Packard Enterprise, ZTE Corporation, Super Micro Computer Inc, Epam Systems, Dawning Information Industry Co. Ltd., GIGA-BYTE Technology Co. Ltd., Inspur Group, ADLINK Technology Inc., Talkweb Information System Co., Ltd., Lambda, Nettrix Inc., H3C, Enginetech
Table of Contents
1. Executive Summary
2. Artificial Intelligence Server Market Report Structure
3. Artificial Intelligence Server Market Trends And Strategies
4. Artificial Intelligence Server Market – Macro Economic Scenario
5. Artificial Intelligence Server Market Size And Growth
…..
27. Artificial Intelligence Server Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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