The Asia Pacific Cloud AI Market would witness market growth of 39.6% CAGR during the forecast period (2023-2029).
The adoption of digital infrastructure is accelerating at an unheard-of rate, and this trend is predicted to continue. The fastest speed has been chosen for service automation, providing consumers the much-needed ability to carry out their routine duties. The support services sector is expanding rapidly due to ongoing disruption from artificial intelligence, a technological revolution that has completely transformed every economic sector. Artificial intelligence (AI) powered digital solutions are designed to enhance every area of the company, such as online customer experience, brand reputation, loyalty, preventive assistance, and even the generation of revenue streams.
Governments in nation like Australia require greater use of hybrid cloud solutions to upgrade the current IT infrastructure. Additionally, governments insist on a clear cost-benefit analysis. The tendency will likely continue throughout the forecast, leading to market growth. Critical industries like banking are anticipated to utilize cloud-based service deployment more frequently. This is because solution designers can get application and infrastructure components from many providers to build a hybrid cloud-based solution and because the IT sector is still looking for efficient infrastructure.
China has a booming marketplace for AI infrastructure. The expansion of AI data centers in China keeps changing as domestic and international businesses increasingly switch to cloud service providers (CSPs) and co-location options. Organizations seeking better connections and scalable solutions for expanding enterprises have increased demand for AI data centers nationwide. In addition, international investors are drawn to China due to numerous government reforms and efforts, such as the introduction of free trade in Shanghai. These elements are predicted to support the regional expansion of the cloud AI market.
The China market dominated the Asia Pacific Cloud AI Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $33,492.3 million by 2029. The Japan market is estimated to grow a CAGR of 38.7% during (2023 - 2029). Additionally, The India market would experience a CAGR of 40.4% during (2023 - 2029).
Based on Type, the market is segmented into Solution and Services. Based on Industry, the market is segmented into IT & Telecom, Government, Manufacturing, BFSI, Automotive & Transportation, Healthcare & Life Sciences, Retail, and Others. Based on Technology, the market is segmented into Solution Deep Learning, Machine Learning, Natural Language Processing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cloud AI Market is Projected to reach USD 395.8 Billion by 2029, at a CAGR of 38.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Google LLC (Alphabet, Inc.), IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, MicroStrategy, Inc., NVIDIA Corporation, Salesforce, Inc. and QlikTech International AB.
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