Artificial Intelligence Server Market 2024 Business Opportunities, Growth Rate And Competitive Landscape


Posted March 21, 2024 by sushmithatbrc

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 Artificial Intelligence Server Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company’s Global Market Report for Artificial Intelligence Servers in 2024, the exponential growth trajectory of the artificial intelligence server market has been evident in recent years. The market is poised to surge from $20.21 billion in 2024 to $24.53 billion in the same year, showcasing a remarkable compound annual growth rate (CAGR) of 21.4%. This historic expansion can be attributed to various factors, including the augmentation of computational capabilities, heightened demand for automation, cost efficiencies in robotics, amplified necessity for precision and accuracy, and the ongoing evolution of explainable AI.

Projections for the future foresee a continuation of this exponential growth, with the market expected to reach $52.02 billion by 2028, boasting a CAGR of 20.7%. This anticipated surge is underpinned by several key drivers, notably customization and adaptability, the escalating integration of AI into decision-making processes, the proliferation of robotic process automation (RPA), intensified emphasis on human-robot interaction, and advancements in AI ethics and regulatory frameworks. Foreseen trends during this forecast period encompass seamless integration with 5G technology, breakthroughs in sensor technologies, the advent of collaborative robotics (cobots), ongoing technological enhancements in AI, and the emergence of swarm robotics coupled with AI coordination.

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.

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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

Major players within the artificial intelligence server market are strategically positioning themselves by innovating their product offerings, exemplified by the introduction of cutting-edge solutions such as edge AI servers aimed at bolstering market revenues. An edge AI server, a sophisticated computing apparatus, executes AI computations at the network's periphery, typically on the originating device, be it a camera, automobile, or medical instrument. For instance, in December 2024, BrainChip Holdings Ltd., an Australia-based technology enterprise, collaborated with Unigen, a US-based firm specializing in cost-effective, high-quality wireless charging solutions, to unveil the latest iteration of their Unigen Cupcake Edge AI server. Distinguished by its capability to process data proximate to its source rather than relying on distant cloud or internet connections, this device leverages BrainChip’s Akida neuromorphic processor to deliver unparalleled efficiency, precision, and energy efficiency. Such attributes render it a versatile solution adaptable to a diverse array of applications and use cases.

The artificial intelligence server market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence Server Market Characteristics
3. Artificial Intelligence Server Market Trends And Strategies
4. Artificial Intelligence Server Market - Macro Economic Scenario
5. Global Artificial Intelligence Server Market Size and Growth

.....

32. Global Artificial Intelligence Server Market Competitive Benchmarking
33. Global Artificial Intelligence Server Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence Server Market
35. Artificial Intelligence Server Market Future Outlook and Potential Analysis
36. Appendix


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Last Updated March 21, 2024