AI Market to hit massive $1 trillion in 2028 😧

A new report by Bain & Company projects that the global market for AI products and services could break through $1 trillion by 2028 – but one major roadblock is the need for more data centers. Last year, the global AI market was valued at around $185 billion. In the coming years, a massive adoption of AI and Gen AI will see the market grow to at least $780 billion by 2027, with the potential to reach as high as $990 billion if everything goes right. That translates to an annual growth rate of 40% to 55% in the coming years. In 2028, the magical $1 trillion will be cracked. “The market for AI-related hardware and software is expected to grow between 40% and 55% annually,” said David Crawford, partner at Bain & Company, a global strategy consulting firm.

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