Several Growing Application Verticals Driving Growth of AI Infrastructure Market

Posted by Tom C on March 21st, 2023

The global AI infrastructure market is projected to grow from USD 28.7 billion in 2022 to USD 96.6 billion by 2027, at a CAGR of 27.5% during the forecast period from 2022 to 2027.

The AI infrastructure market is expanding rapidly, and there are several growing application verticals that are driving this growth. Some of the most notable verticals include:

Healthcare: AI is being used in healthcare for applications such as medical imaging, disease diagnosis, drug discovery, and personalized medicine. The healthcare industry is expected to be one of the biggest adopters of AI in the coming years.

Financial services: AI is being used in financial services for applications such as fraud detection, risk management, and investment management. The use of AI in financial services is expected to increase as the technology becomes more advanced.

Retail: AI is being used in retail for applications such as personalized marketing, inventory management, and customer service. The use of AI in retail is expected to increase as retailers look for ways to provide better customer experiences and increase sales.

Manufacturing: AI is being used in manufacturing for applications such as predictive maintenance, quality control, and supply chain optimization. The use of AI in manufacturing is expected to increase as manufacturers look for ways to improve efficiency and reduce costs.

Transportation: AI is being used in transportation for applications such as autonomous vehicles, predictive maintenance, and logistics optimization. The use of AI in transportation is expected to increase as transportation companies look for ways to improve safety, reduce costs, and increase efficiency.

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Overall, the AI infrastructure market is expected to continue to grow as more industries adopt AI technologies to improve their operations and provide better customer experiences.