The North America AI Infrastructure Market would witness market growth of 23.2% CAGR during the forecast period (2022-2028).
AI is a collection of algorithms that can address a certain set of issues and performs best when given access to a sizable amount of high-quality Big Data. Businesses can save up to 30% on operating expenses by using chatbots. Additionally, businesses are becoming more aware of how AI may assist humans in decision-making, problem-solving, and creative efforts as the focus of IT strategy shifts from data management to intelligent action.
In a competitive climate with several prospective opportunities, like new opportunities utilizing AI to drive innovation, find connections, identify, and nurture new innovations, businesses know that integrating and leveraging AI is vital for their continuous success. Having a sufficient infrastructure to support AI advancements should be one of every organization's first priorities in order to take advantage of the growing prospects presented by AI. Furthermore, the operation of AI systems typically necessitates the integration of new hardware and software.
Canada has a thriving domestic technology industry. The Canadian information and communications technologies (ICT) industry comprises more than 43,200 businesses. The software & computer services sectors employ the vast majority. The majority of the sector's businesses are small ones, with about 35,500 of them working less than ten people. There are about 100 significant businesses, including subsidiaries of overseas multinational organizations, that employ more than 500 people.
The US market dominated the North America AI Infrastructure Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $30,927.5 million by 2028.The Canada market is poised to grow at a CAGR of 26% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 24.9% during (2022 - 2028).
Based on Offering, the market is segmented into Hardware and Server Software. Based on End User, the market is segmented into Cloud Service Providers, Enterprises and Government Organizations. Based on Deployment Type, the market is segmented into On-premise, Hybrid and Cloud. Based on Function, the market is segmented into Inference and Training. Based on Technology, the market is segmented into Machine Learning and Deep Learning. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global AI Infrastructure Market is Estimated to reach $122.8 Billion by 2028, at a CAGR of 24.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Intel Corporation, Samsung Electronics Co., Ltd. (Samsung Group), IBM Corporation, Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), Hewlett-Packard Enterprise Company, Cisco Systems, Inc., Dell Technologies, Inc., and Toshiba Corporation.
By Offering
By End User
By Deployment Type
By Function
By Technology
By Country
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