GITNUX MARKETDATA REPORT 2024

AI Hardware Industry Statistics

The AI hardware industry is expected to continue growing rapidly due to increasing demand for AI technologies across various sectors.

Statistic 1

"By 2025, the global Artificial Intelligence hardware market is predicted to reach USD 50.67 billion."

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Statistic 2

"The AI hardware market was worth USD 9.53 billion in 2020."

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Statistic 3

"North America accounted for the largest share in the global AI hardware market in 2020."

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Statistic 4

"Computer vision held the largest share in the AI hardware market in 2020."

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Statistic 5

"The server segment is projected to grow at a CAGR of 42% during the forecast period 2020-2025."

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Statistic 6

"The AI hardware market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period."

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Statistic 7

"More than 60% of data center computing will be AI-infused by 2025."

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Statistic 8

"The AI hardware sector in Europe is expected to see a CAGR of 45% from 2020-2025."

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Statistic 9

"Memory product segment accounted for the largest AI hardware market share in 2020."

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Statistic 10

"Tech giant Intel holds the leading share in AI hardware market."

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Statistic 11

"A total of $66 billion was spent globally on AI hardware, software, and services in 2020."

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Statistic 12

"The Healthcare sector is expected to be the fastest-growing segment in the AI hardware market over the forecast period."

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Statistic 13

"AI hardware for autonomous vehicles is projected to hold a 40% compound annual growth rate (CAGR) through 2025."

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Statistic 14

"By the end of 2024, AI hardware market is expected to reach $115.4 billion."

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Statistic 15

"AI chips market reached $10.10 Billion in 2020 and is expected to grow at a CAGR of 40% to reach $63.30 Billion by 2025."

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Statistic 16

"The cloud deployment mode is expected to account for the largest share in AI hardware market by 2025."

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Statistic 17

"In 2020, Nvidia held second place in the AI hardware market with a share of around 13.19%."

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