AI Market Will Surge to Near $1 Trillion by 2027, Bain Says

Sep 25, 2024 · The global market for AI-related products is ballooning and will hit as much as $990 billion in 2027, as the technology’s quick adoption disrupts companies and economies, …

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AI Market Will Surge To Near $1 Trillion By 2027, Bain Says

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Sep 25, 2024 · The global market for AI-related products is ballooning and will hit as much as $990 billion in 2027, as the technology’s quick adoption disrupts companies and economies, …

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Market For AI Products And Services Could Reach Up To $990 Billion …

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Sep 25, 2024 · AI workloads could grow 25% to 35% per year through 2027, Bain estimates. As AI scales, the need for computing power will radically expand the scale of large data centers …

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AI Market Will Surge To Near $1 Trillion By 2027, Bain Says

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Sep 25, 2024 · The global market for AI-related products is ballooning and will hit as much as $990 billion in 2027, as the technology’s quick adoption disrupts companies and economies, …

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AI’s Trillion-Dollar Opportunity - Bain & Company

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Sep 25, 2024 · The market for AI products and services could reach between $780 billion and $990 billion by 2027. ... Sovereign AI Is the Next Fault Line in the Global Tech Sector. The …

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Market For AI Products And Services Could Reach Up To $990B By …

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Sep 25, 2024 · The market for AI-related hardware and software is expected to grow between 40 percent and 55 percent annually, reaching between $780 billion and $990 billion by 2027, …

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AI Global Market May Touch $990 Bn By 2027 With 40-55% AGR: …

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Sep 25, 2024 · The global market for artificial intelligence (AI)-related products and services is expected to grow at an annual rate of 40-55 per cent, and can reach up to $990 billion by …

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AI Investment Forecast To Approach $200 Billion Globally By 2025

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Generative AI has enormous economic potential and could boost global labor productivity by more than 1 percentage point a year in the decade following widespread usage, Goldman Sachs …

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Artificial Intelligence - Worldwide | Market Forecast - Statista

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The market size in the Artificial Intelligence market is projected to reach US$184.00bn in 2024. The market size is expected to show an annual growth rate (CAGR 2024-2030) of 28.45%, …

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22 Top AI Statistics And Trends In 2024 - Forbes

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Oct 16, 2024 · The AI market is projected to reach a staggering $1,339 billion by 2030, experiencing substantial growth from its estimated $214 billion revenue in 2024. ... as the …

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Artificial Intelligence Market Size, Share, Growth Report 2030

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Artificial Intelligence Market Size & Trends . The global artificial intelligence market size was estimated at USD 196.63 billion in 2023 and is projected to grow at a CAGR of 36.6% from …

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IDC’s Worldwide AI And Generative AI Spending - IDC: The Premier ...

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Aug 21, 2024 · Combined, these sectors are projected to allocate approximately $89.6 billion towards AI in 2024, representing 38% of the global AI market. With an impressive five-year …

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FAQs about AI Market Will Surge to Near $1 Trillion by 2027, Bain Says Coupon?

How big is the artificial intelligence market in 2027?

The global market for artificial intelligence (AI)-related products and services is expected to grow at an annual rate of 40-55 per cent, and can reach up to $990 billion by 2027, a report has said. Bain & Company's 5th annual Global Technology Report said AI workloads could grow about 25-35 per cent per year through 2027. ...

How big is the artificial intelligence market?

The market, including artificial intelligence-related services and hardware, will grow 40% to 55% annually from $185 billion last year, the consulting firm said in its fifth annual Global Technology Report released Wednesday. That will lead to revenue of $780 billion to $990 billion, Bain said. Have a confidential tip for our reporters? ...

How much will AI Invest in 2024?

Combined, these sectors are projected to allocate approximately $89.6 billion towards AI in 2024, representing 38% of the global AI market. With an impressive five-year Compound Annual Growth Rate (CAGR) of 27%, their collective investment is anticipated to surge to nearly $222 billion by 2028. ...

How much will AI investment cost a company in 2025?

Source: GS Data Works, FactSet, Goldman Sachs Research Incorporating that information, along with our equity analysts’ revenue growth projections for key AI-exposed businesses, Goldman Sachs Research estimates AI investment could approach $100 billion in the U.S. and $200 billion globally by 2025. ...

How will AI Impact the banking industry in 2024?

The Banking industry, a market with approximately $31.3 billion in investments in AI in 2024, is using the technology to enable banks to offer personalized customer experiences through machine learning and data analytics, allowing banks to tailor services to individual preferences. ...

When will Ai be a big investment?

While the timing of the AI investment cycle is hard to predict, business surveys suggest that it’s likely to start having an investment impact in the second half of this decade, with earlier adoption by larger firms in information and professional, scientific, and technical services. ...