AI Infrastructure Market Revenue to Hit $79.3 Billion by 2026

Northbrook, IL -- (SBWIRE) -- 07/19/2021 -- According to the new market research report "AI Infrastructure Market with COVID-19 Impact Analysis by Offering (Hardware, Software), Technology (Machine Learning, Deep Learning), Function (Training, Inference), Deployment Type (On-Premises, Cloud), End User, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the AI Infrastructure market is expected to grow from USD 23.7 billion in 2021 to USD 79.3 billion by 2026, at a CAGR of 27.3%. The market growth can be attributed to several factors, such as increased data traffic and need for high computing power, increasing adoption of cloud machine learning platform, increasingly large and complex dataset, rising focus on parallel computing in AI data centers, and growing number of cross-industry partnerships and collaborations.