AI product market could reach $990B by 2027: Bain & Company

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Bain & Company News

Artificial Intelligence,Product Market,Seana Smith

A new report from Bain & Company forecasts substantial growth in the artificial intelligence (AI) product market in the coming years. The firm projects that ...

from Bain & Company forecasts substantial growth in the artificial intelligence product market in the coming years. The firm projects that the market for AI-related hardware and software could expand by 40-50% annually, reaching approximately $990 billion by 2027.

Some of the folks I've spoken with for those stories expected to be over a trillion dollars in just the next couple of years. But he did go on to say that it's complicated by the post globalization shifts and the need to adapt to business processes to deliver value.What is necessary in order to get you that wide scale adoption of that technology and the money that is needed in order to get these businesses across all industries which of course, are showing interest and already currently investing in the technology.

 

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