In the US alone, the AI knowledge heart market was valued at $3.35 billion in 2024 and is forecast to achieve $20.12 billion by 2032
In sum – what to know:
Market projected to achieve $98B by 2032 – The AI knowledge heart market is about to increase greater than sixfold from USD 14.25B in 2024 at a 27.33% CAGR.
{Hardware}, hyperscale, and cloud segments dominate – Specialised chips, hyperscale build-outs, and cloud-based platforms lead progress, with {hardware} representing over half of 2024 revenues.
North America stays the biggest market – With 37% share, early AI adoption and hyperscaler focus make sure the U.S. continues to drive infrastructure enlargement.
The worldwide AI knowledge heart market, valued at $14.25 billion final 12 months, is projected to surge to $98.04 billion by 2032, reflecting a compound annual progress charge (CAGR) of 27.33% between 2025 and 2032, in line with a analysis report by SNS Insider.
The report famous that the enlargement is being primarily fueled by the rising demand for high-performance computing to deal with AI workloads, machine studying, and massive knowledge analytics. Cloud-based AI adoption, speedy hyperscale knowledge heart building, and progress in GPUs, TPUs, and storage applied sciences are additional boosting capability and effectivity. Investments in AI-driven purposes throughout healthcare, automotive, finance, and IT are anticipated to speed up this progress, the report added.
In the US alone, the AI knowledge heart market was valued at $3.35 billion in 2024 and is forecast to achieve $20.12 billion by 2032, with an anticipated CAGR of 25.21%. Growth within the U.S. market is being pushed by sturdy uptake of AI computing infrastructure, cloud AI companies, superior {hardware}, and enterprise adoption of AI purposes, in line with SNS Insider.
The {hardware} section accounted for round 54% of world income in 2024, reflecting demand for GPUs, TPUs, and FPGAs in AI coaching and inference. Rising AI workloads, funding in high-performance computing, and deployment of energy-efficient servers and superior cooling techniques are key components supporting {hardware} progress.
In the meantime, hyperscale knowledge facilities held about 35% of market share in 2024, providing the scalability wanted for large-scale AI mannequin coaching and storage.
Cloud-based AI platforms represented roughly 62% of world income final 12 months, supported by enterprises in search of scalable, versatile options with out massive upfront investments. Entry to superior AI chips, toolkits, and knowledge administration has strengthened cloud suppliers’ dominance, the analysis agency stated.
AI mannequin coaching contributed round 29% of income in 2024, as the event of advanced techniques equivalent to GPT, DALL·E, and Gemini requires vital computing assets, prolonged runtimes, and heavy infrastructure and energy investments.
The banking, monetary companies, and insurance coverage (BFSI) sector represented about 29% of the worldwide market in 2024. Use instances equivalent to fraud detection, algorithmic buying and selling, credit score scoring, and threat evaluation proceed to drive funding in AI infrastructure, supported by safety and compliance necessities, it added.
North America accounted for about 37% of world income in 2024, supported by early adoption of AI, the focus of hyperscalers like Google, Microsoft, and Amazon, and vital funding in generative AI infrastructure. The area’s mature cloud ecosystem and AI expertise pool are anticipated to maintain demand sturdy, the analysis agency stated.
