AI Infrastructure Market was valued at USD 25.3 billion in 2021 and is projected to grow at a significant CAGR of 25.6% during the period 2022-2029 reaching USD 156.7 billion in 2029The factors driving growth of AI Infrastructure Market includes growing demand for AI hardware in strong computing data centers, AI Infrastructure solutions help companies in enhancing operational efficiency and performance and conserving natural resources and improvements in the living standards. Moreover, growing adoption of cloud machine learning systems across automotive, finance, tourism, and healthcare industries, ring focus on using parallel computing solutions and rapid urbanization, are some of the additional factors supplementing the AI Infrastructure Market share. In addition, the increasing investments by major companies on research and development, strategic partnerships, and collaborations between companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth. Request a free sample of this reportHowever, growth of the AI Infrastructure Market is hindered due to insufficient availability of skilled workforce.The prominent players operating in the market are Samsung, Advanced Micro Devices, Xilinx, IBM, Microsoft, Google, Intel Corporation, Amazon, Micron Technology, and Nvidia Corporation, among others.Based on Offering, the Hardware segment is predicted to grow at a significant CAGR during the forecast periodLow procurement energy cost of AI based hardware and rise in the volumes of data generated by companies, are propelling AI Infrastructure Market size.Based on Technology, the Machine Learning segment is projected to expand at a robust CAGR over the forecast periodAs per the AI Infrastructure Market Analysis, Machine Learning solutions help engineers and data scientists to operate resources and processes required to train neural network models, is pushing growth of the segment.Based on Region, the North American region is anticipated to hold the highest market share during the forecast periodPresence of the leading players such as, IBM, Microsoft and Google, increasing number of data centers across United States and Canada, rapid industrialization, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.Key DevelopmentsIn 2021, IBM updated its Elastic Storage System (ESS) which is highly scalable and designed for easy deployment. The model ESS 5000 can provide 10% more storage capacity and ESS 3200 will offer double the read performance of its predecessor.In 2020, IBM and AMD entered into an agreement, building open-source software, open standards, and open system architectures to drive confidential computing in a hybrid cloud environment.Market SegmentationSegmentation by OfferingHardwareSoftwareSegmentation by TechnologyMachine LearningDeep LearningSegmentation by End-UserEnterprisesGovernmentCloud Service ProviderSegmentation by RegionAsia PacificChinaJapanIndiaRest of APACNorth AmericaUnited States of AmericaCanadaEuropeUnited KingdomGermanyFranceSpainRest of EuropeRoWBrazilSouth AfricaSaudi ArabiaUAEAbout GMI ResearchGMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: [email protected]: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: https://www.gmiresearch.com/