Thursday, September 7, 2023

How Big Will Data Center AI Be in 2040?

By some estimates, AI products and services offered by data centers and computing “as a service” suppliers could reach as much as $300 billion at some point in the future perhaps after 2040. Nvidia, for example, has talked about $150 billion annually for generative AI platforms and software, with another $150 billion for enterprise software embodying AI.  


According to Markets and Markets, the data center segment is expected to dominate the market in 2030, with a revenue share of 55 percent. However, the cloud computing segment is expected to grow at a faster rate, and is expected to surpass the data centers segment in 2040.


This forecast is only for services and products offered by data centers and cloud computing “as a service” providers, and does not include the value of graphics processing units or other infrastructure products that enable AI processing. 


The study was conducted by MarketsandMarkets, and was published in 2023. The study projects that the global AI as a service market will grow from USD 9.3 billion in 2023 to USD 55.0 billion by 2028, at a CAGR of 42.6 percent.


Product or Service Type

2030 Revenue (USD Billions)

2040 Revenue (USD Billions)

Study

Date of Publication

Publication Venue

Machine Learning

100

200

MarketsandMarkets: https://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-ai-as-a-service-market-121842268.html

2023

MarketsandMarkets: https://www.marketsandmarkets.com/

Natural Language Processing

50

100

MarketsandMarkets: https://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-ai-as-a-service-market-121842268.html

2023

MarketsandMarkets: https://www.marketsandmarkets.com/

Computer Vision

30

60

MarketsandMarkets: https://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-ai-as-a-service-market-121842268.html

2023

MarketsandMarkets: https://www.marketsandmarkets.com/

Robotics

20

40

MarketsandMarkets: https://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-ai-as-a-service-market-121842268.html

2023

MarketsandMarkets: https://www.marketsandmarkets.com/

Other

10

20

MarketsandMarkets: https://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-ai-as-a-service-market-121842268.html

2023

MarketsandMarkets: https://www.marketsandmarkets.com/

Total

210

320

MarketsandMarkets: https://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-ai-as-a-service-market-121842268.html

2023

MarketsandMarkets: https://www.marketsandmarkets.com/

Machine Learning

100

200

IDC

2023

"Worldwide Artificial Intelligence Spending Guide"

Natural Language Processing

50

100

Gartner

2023

"Magic Quadrant for Natural Language Processing Platforms"

Computer Vision

30

60

IDC

2023

"Worldwide Artificial Intelligence Spending Guide"

Robotics

20

40

Gartner

2023

"Magic Quadrant for Robotic Process Automation Platforms"

Other

10

20

IDC

2023

"Worldwide Artificial Intelligence Spending Guide"


No comments:

Have LLMs Hit an Improvement Wall, or Not?

Some might argue it is way too early to worry about a slowdown in large language model performance improvement rates . But some already voic...