{"id":210,"date":"2024-09-26T18:58:13","date_gmt":"2024-09-26T13:13:13","guid":{"rendered":"https:\/\/hthakuri.com.np\/blog\/2024\/09\/26\/ai-market-may-increase-to-usd-1-trillion-by-2027-companies-spending-massive-in-this-segment\/"},"modified":"2024-09-26T18:58:13","modified_gmt":"2024-09-26T13:13:13","slug":"ai-market-may-increase-to-usd-1-trillion-by-2027-companies-spending-massive-in-this-segment","status":"publish","type":"post","link":"https:\/\/hthakuri.com.np\/blog\/2024\/09\/26\/ai-market-may-increase-to-usd-1-trillion-by-2027-companies-spending-massive-in-this-segment\/","title":{"rendered":"AI Market May Increase to USD 1 Trillion By 2027, Companies Spending Massive in This Segment"},"content":{"rendered":"<p><\/p>\n<div id=\"center_content_div\">\n<div class=\"content_text row description\">The use of Artificial Intelligence (AI) has increased rapidly in the last few years. The AI \u200b\u200bmarket is expected to grow rapidly in the coming years. A major reason behind this will be the increasing use of technology by companies and governments. This market is estimated to grow to around $990 billion (about Rs 82,75,424 crore) by 2027. <\/p>\n<p>Consulting firm Bain &#038; Co has announced its global technology <a class=\"sp_lnk2\" href=\"https:\/\/www.gadgets360.com\/ai\/news\/ai-market-surge-usd-1-trillion-by-2027-bain-report-6646566\">Report <\/a>has reported that the market for AI related services and hardware could grow 40% to 55% annually from $185 billion last year to reach $780 billion to $990 billion by 2027. This report says that the demand in this segment is growing so fast that there will be pressure on the supply chain of components including chips. The demand for integrated circuit design and related IP could grow by 30% by 2026. According to this report, the cost of large data centers could increase from around $1 billion to $4 billion this year to $10 billion to $25 billion in five years. <\/p>\n<p>Companies in this segment are moving out of the experimentation phase and increasing the use of generative AI in their operations. Governments of India, Japan, France and the United Arab Emirates are spending billions of dollars to subsidize sovereign AI. Along with this, these governments are increasing investments in computing infrastructure and AI models. <\/p>\n<p>Recently, Reliance Industries Chairman and Managing Director, Mukesh Ambani had said that the company is adding new technologies to all its businesses. This will improve the company&#8217;s products and reduce its dependence on third parties. He had said that Reliance has developed a digital infrastructure related to AI for all its businesses. Along with this, its own software stack, end-to-end workflow and real-time dashboard have been created. Reliance claims that by increasing the use of technology, it can be included in the top 30 international companies in the near future. The company&#8217;s telecom unit Reliance Jio has obtained more than 350 patents in 5G and 6G technologies. Some other big companies have also increased their investment in this segment. <\/p>\n<p> <!--\n\n<div class=\"compare-product-widget\"><\/div>\n\n--><\/p>\n<\/div>\n<p class=\"downloadtxt margin_t20 margin_b20\">Gadgets 360 for the latest tech news, smartphone reviews and exclusive offers on popular mobiles <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.ndtv.gadgetshindi&amp;hl=en\" target=\"_blank\" rel=\"noopener\">Android<\/a> Download the app and let us know <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMM6ilQswx4OrAw?hl=hi&amp;gl=IN&amp;ceid=IN%3Ahi\" target=\"_blank\" rel=\"noopener\">Google News<\/a> Follow on.<\/p>\n<div class=\"tag_box margin_t20 margin_b20\">\n        <strong>Also read: <\/strong><br \/>\n        Artificial Intelligence, Growth, Technology, Semiconductor, Market, France, Design, Government, UAE, Reliance Indusries, Business, AI, Demand, Investment    <\/div>\n<div class=\"content_block white_bg row margin_b30\">\n<h4>Related news<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/hindi.gadgets360.com\/ai\/ai-market-may-increase-to-usd-1-trillion-by-2027-companies-spending-massive-in-this-segment-news-6653606\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The use of Artificial Intelligence (AI) has increased rapidly in the last few years. The AI \u200b\u200bmarket is expected to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[17],"tags":[67,75,58,72,71,62,68,76,77,57,74,70,69,73],"class_list":["post-210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-info-tech","tag-artificial-intelligence","tag-business","tag-demand","tag-design","tag-france","tag-government","tag-growth","tag-i","tag-investment","tag-market","tag-reliance-industries","tag-semiconductor","tag-technology","tag-uae"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.2 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AI Market May Increase to USD 1 Trillion By 2027, Companies Spending Massive in This Segment - Harit Thakuri<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hthakuri.com.np\/blog\/2024\/09\/26\/ai-market-may-increase-to-usd-1-trillion-by-2027-companies-spending-massive-in-this-segment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI Market May Increase to USD 1 Trillion By 2027, Companies Spending Massive in This Segment\" \/>\n<meta property=\"og:description\" content=\"The use of Artificial Intelligence (AI) has increased rapidly in the last few years. 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