North America is the Largest Market Globally for Artificial Intelligence (AI) Hardware and Global Market to Reach US$77 Billion by 2030

Industry Experts, Inc. unveiled the new market research report on AI Hardware Market . As per this report, the global market size for AI Hardware is estimated at US$25 billion in 2024 and is likely to register a 2024-2030 CAGR of 20.5% in reaching a projected US$76.7 billion by 2030. North America is the largest global market for AI Hardware with an estimated share of 34.2% in 2024. The region is home to major tech giants, such as NVIDIA, Intel, AMD, Apple, Google and IBM, which are prominent producers of AI hardware, such as GPUs and TPUs, in addition to investing heavily in research & development, thereby driving market growth. One of the major factors propelling demand for AI Hardware includes growing demand for AI applications. An increase in the use of AI across industries, such as healthcare (for diagnostics), automotive (for autonomous vehicles) and retail (for personalized suggestions) has been driving the demand for effective hardware that can support complex ...