AI product market could reach $990B by 2027: Bain & Company

Sep 25, 2024 · The firm projects that the market for AI-related hardware and software could expand by 40-50% annually, reaching approximately $990 billion by 2027. Bain & Company identifies three key areas of ...

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AI Product Market Could Reach $990B By 2027: Bain & Company

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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. The market for AI products and services could reach between $780 …

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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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ITWire - Market For AI Products And Services Could Reach Up To …

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Sep 26, 2024 · The market for AI-related hardware and software is expected to grow between 40% and 55% annually, reaching between $780 billion and $990 billion by 2027, according to …

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

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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, Bain & Co. said. …

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

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Sep 25, 2024 · Market for AI products and services could reach up to $990 billion by 2027, finds Bain & Company's 5th annual Global Technology Report PR Newswire SAN FRANCISCO, …

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AI Market Could Grow To US$990 Billion By 2027: Bain & Co Report

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Sep 27, 2024 · The Artificial Intelligence (AI) boom is only beginning. As per Bain & Company’s 5th Annual Global Technology Report, the market for AI products and services is expected to …

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

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Sep 25, 2024 · Market for AI products and services could reach up to $990 billion by 2027, finds Bain & Company's 5th annual Global Technology Report ... 2024 /PRNewswire/ -- The market …

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

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Sep 25, 2024 · Bain & Company’s fifth annual Global Technology Report finds larger data centres could drive costs to between US$10 billion and US$25 billion in five years The market for AI …

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

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Sep 25, 2024 · As AI scales, so will data centers; industry could face next wave of chip shortage. AI workloads could grow 25% to 35% per year through 2027, Bain estimates. As AI scales, the …

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

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Market for AI products and services could reach up to $990 billion by 2027, finds Bain & Company's 5th annual Global Technology Report

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How big is the AI market in 2024?

SAN FRANCISCO — September 25, 2024 — The market for AI-related hardware and software is expected to grow between 40% and 55% annually, reaching between $780 billion and $990 billion by 2027, according to new research released today by Bain & Company. ...

How much will Ai be worth in 2027?

(Bloomberg) -- 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, Bain & Co. said. Most Read from Bloomberg ...

How big is the artificial intelligence market?

A new report from Bain & Company forecasts substantial growth in the artificial intelligence (AI) product market in the coming years. The firm projects that the market for AI-related hardware and software could expand by 40-50% annually, reaching approximately $990 billion by 2027. ...

How will AI Impact the future of business?

That will lead to revenue of $780 billion to $990 billion, Bain said. The growth will be fueled by bigger AI systems and larger data centers to train and run them, driven by companies and governments using the technology to boost efficiency. ...

How will AI Impact data centers in 2027?

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 over the next five to 10 years. AI will spur growth in data centers, from today’s 50–200 megawatts to more than a gigawatt, Bain reports. ...

Will AI increase demand for graphics processing units by 2026?

In addition to the need for more data centers, the AI-driven surge in demand for graphics processing units (GPUs) could increase total demand for certain upstream components by 30% or more by 2026, Bain predicts. ...