2024-09-25 14:35:11.AIbase.12.0k
Bain Projects AI Market to Reach Nearly $1 Trillion by 2027 with a CAGR of 31%
According to a latest report published by Bain & Company, the Artificial Intelligence (AI) market is experiencing explosive growth, with the market size expected to approach $1 trillion by 2027. This growth is mainly driven by increasing investments in AI technology and ongoing advancements in the technology. The report indicates that from 2022 to 2027, the compound annual growth rate (CAGR) for the AI market will be approximately 31%. Image source note: Image generated by AI, image licensed through Midjourney. So, what is driving this wave of growth?
