AI Market Explosion: New Report Predicts Over 150% Annual Growth to $225B by 2027, Fueled by 15X Revenue Increase
• AI market expected to grow from $2.2 billion in 2022 to $225 billion in 2027, a 152% compound annual growth rate
• Accompanying 15-fold revenue increase from $18 billion in 2022 to $420 billion in 2027
• AI software sector sees 138% CAGR with stronger-than-expected demand
• AI infrastructure spending jumps from $25.8 billion in 2022 to $195 billion in 2027
• Semiconductor and platform firms to see 10-fold boost in revenues, from $15.8 billion to $165 billion