How big is the Cloud AI Market?

The Cloud AI Market size is expected to reach USD 67.56 billion in 2024 and grow at a CAGR of 32.37% to reach USD 274.54 billion by 2029. Read More

What is the current Cloud AI Market size?

In 2024, the Cloud AI Market size is expected to reach USD 67.56 billion. Read More

Who are the key players in Cloud AI Market?

Amazon Web Services Inc., Microsoft Corporation, Google LLC, IBM Corporation and Intel Corporation are the major companies operating in the Cloud AI Market. Read More

Which is the fastest growing region in Cloud AI Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Cloud AI Market?

In 2024, the North America accounts for the largest market share in Cloud AI Market. Read More

What years does this Cloud AI Market cover, and what was the market size in 2023?

In 2023, the Cloud AI Market size was estimated at USD 51.04 billion. The report covers the Cloud AI Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud AI Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What drives the growth of the Cloud AI Market?

Key factors driving the Growth of global Cloud AI Market include a) Increasing demand for AI-powered services b) Advancements in machine learning and cognitive technologies c) Growing volume of big data d) Need for scalable computing power and storage Read More

Cloud AI Market Size | Industry Trends & Forecast Analysis

Cloud AI Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global AI Cloud Computing Market Growth Analysis & Forecast and it is Segmented by Type (Solution and Service), End-user Vertical (BFSI, Healthcare, Automotive, Retail, Government, and Education), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market size and forecasts are provided in terms of value (USD billion) for all the above segments.

Cloud Artificial Intelligence (AI) Industry Overview

The high market consolidation has increased the competition among prominent players such as Microsoft, IBM, Google, Amazon, etc. The other players are actively expanding their product portfolio and geographical presence to capture a significant market share. The players operating in this market are investing hugely in artificial intelligence-related technologies and innovating their products, leading them to gain a sustainable competitive advantage. Due to this, there is always high competition between players to innovate and introduce new products.

In October 2022, at Oracle CloudWorld, Nvidia and Oracle announced an expanded, multiyear agreement to support clients' accelerated adoption of artificial intelligence (AI). Through the partnership, Nvidia's entire accelerated computing stack will be made available to Oracle Cloud Infrastructure (OCI), including GPUs, systems, and software.