Overview and Scope
An artificial intelligence (AI) supercomputer refers to a high-performance computing system that utilizes ultrafast processors made up of hundreds of thousands of powerful machines to manage and interpret vast quantities of data for AI applications. These systems are engineered to perform complex calculations, process massive amounts of data, and execute AI algorithms at an unprecedented speed.
Sizing and Forecast
The artificial intelligence (AI) supercomputer market size has grown exponentially in recent years. It will grow from $1.63 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 21.6%. The growth in the historic period can be attributed to increased adoption of AI in various industries, rise of autonomous vehicles and robotics, rising cloud computing and edge computing, government initiatives, growing big data.
The artificial intelligence (AI) supercomputer market size is expected to see exponential growth in the next few years. It will grow to $4.23 billion in 2028 at a compound annual growth rate (CAGR) of 20.9%. The growth in the forecast period can be attributed to continued advancements in AI algorithms and models, rise of quantum computing, rapid growth of data centers, growing edge computing and IoT integrations, global investment in AI infrastructure. Major trends in the forecast period include AI-powered predictive analytics, cross-platform integration, expansion of IoT ecosystems and data monetization, demand for hybrid and multi-cloud deployments, vertical-specific analytics solutions.
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Segmentation & Regional Insights
The artificial intelligence (ai) supercomputer market covered in this report is segmented –
1) By Component: Processors Or Computer, Storage, Memory, Interconnects
2) By Deployement: Cloud, On-Premises
3) By Application: Government, Academia And Research, Commercial, Generative Artifical Intelligence, Computer Vision, Drug Discovery, Other Applications
Asia-Pacific was the largest region in the artificial intelligence (AI) supercomputers market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (ai) supercomputer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rapid adoption of artificial intelligence (AI) applications across various industries is expected to propel the growth of the artificial intelligence (AI) supercomputer market going forward. Artificial intelligence (AI) applications refer to the various ways in which AI technologies are utilized to perform tasks that typically require human intelligence. The companies are increasingly adopting AI to stay ahead of the competition and offer innovative solutions to their customers. AI algorithms optimize supercomputing operations by dynamically adjusting parameters, such as resource allocation, power management, and scheduling, based on workload and system conditions, thereby enhancing efficiency and maximizing performance. For instance, in May 2023, according to a report published by Stepsize AI, a UK-based technology company, AI adoption is expected to be prevalent, with 70% of software teams incorporating AI into its workflows. Further, among businesses, 55% have already embraced AI, and an additional 15% are planning to adopt AI by 2024. Therefore, the rapid adoption of artificial intelligence (AI) applications is driving the growth of the artificial intelligence (AI) supercomputer market.
Key Industry Players
Major companies operating in the artificial intelligence (ai) supercomputer market report are Google LLC, Meta Platforms Inc., Dell Technologies Inc., Hitachi Ltd., Huawei Technologies Co. Ltd., Amazon Web Services Inc., Intel Corporation, IBM Corporation, Samsung Electronics Co. Ltd., Oracle Corporation, Fujitsu Limited, Micron Technology Inc., Hewlett Packard Enterprise, Nvidia Corporation, Advanced Micro Devices Inc., MediaTek Inc., Arm Ltd., Kneron Inc., Silicon Graphics International, Cerebras Systems Inc., SambaNova Systems Inc., Kalray SA, PEZY Computing, Graphcore Inc., Groq Inc.
The artificial intelligence (ai) supercomputer market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence (AI) Supercomputer Market Characteristics
3. Artificial Intelligence (AI) Supercomputer Market Trends And Strategies
4. Artificial Intelligence (AI) Supercomputer Market – Macro Economic Scenario
5. Global Artificial Intelligence (AI) Supercomputer Market Size and Growth
…..
32. Global Artificial Intelligence (AI) Supercomputer Market Competitive Benchmarking
33. Global Artificial Intelligence (AI) Supercomputer Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) Supercomputer Market
35. Artificial Intelligence (AI) Supercomputer Market Future Outlook and Potential Analysis
36. Appendix
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