March 11, 2024 — Marketing and consulting firm 360iResearch (not to be confused with Intersect 360 Research) has released a report entitled “Artificial Intelligence Supercomputer Market by Component (Interconnects, Memory, Processors /Computer), Application (Academia & Research, Commercial, Government)”
The report predicts that the Global Artificial Intelligence Supercomputer Market will grow from USD 1.90 billion in 2023 to USD 6.43 billion by 2030, at a CAGR of 18.97%. A free sample report is available.
An artificial intelligence (AI) supercomputer is a dynamic and highly advanced technology platform equipped with immense computational capabilities to process vast volumes of data swiftly. It is designed to simulate human intelligence processes, which include learning, reasoning, and self-correction. The global AI supercomputer market is primarily fueled by digital transformation, data explosion, and the need for advanced computing abilities to leverage valuable business insights. Other contributory factors include technological advances in machine learning, deep learning, neural networking, high-speed computing demands, and governmental support for AI-based development. Conversely, the AI supercomputers market faces hurdles such as high R&D and implementation expenses, data privacy and security concerns, ethical issues, talent crunch in the AI field, and infrastructural constraints in emerging economies. Future growth avenues lie in the demand surge for quantum computing and exascale computing capabilities for applications such as scientific research, predictive analytics, and nuclear simulations. Encouraging research and innovation in areas such as disease prediction or assisting drug development using AI supercomputers in healthcare, quantum computing enhancement, and environmentally friendly AI supercomputers are expected to create a stronger future landscape for the global AI supercomputer market.
In the Americas, particularly the United States, the market for AI supercomputers has shown bolstering growth, primarily driven by the high level of technological innovation and broad-scale adoption of artificial intelligence (AI) in various sectors such as healthcare, financial services and automotive industries. Extensive research & development in AI and machine learning from tech giants and significant government spending on AI projects have also bolstered market growth. The AI supercomputer market in the EMEA region is expanding rapidly, owing to substantial AI penetration within businesses seeking operational efficiency and robust AI-related research activities across universities and research institutions, further substantiating the growth of the AI supercomputers market. The increasing application of AI in healthcare, telecommunication, and banking sectors and the respective government’s focus on digitization indicate promising trends for further development in the region. The APAC region, primarily driven by China, Japan, and India, is emerging as a significant contributor to the AI supercomputer market, with increasing technological adoption in diverse sectors, such as e-commerce, automotive, and manufacturing. The rise in AI-based startups and government concerted efforts to promote digitization and AI development are expected to propel market growth in the forthcoming years.
Source: OpenPR