NVIDIA's Jensen Huang summarised the potential in the company’s Q3 2024 earnings call: “Generative AI is the largest TAM [total addressable market] expansion of software and hardware that we’ve seen in several decades.” Bain & Company estimates that the total addressable market for AI-related hardware and software will grow between 40% and 55% annually for at least the next three years. AI’s disruptive growth will continue to reshape the industries, as innovation spreads beyond the hyperscalers.
The pace of technological change is accelerating, with the AI market projected to grow to between $780 billion and $990 billion by 2027. Senior executives are seeking to understand how this disruptive growth will reshape their industries—and how they can seize their share of this trillion-dollar opportunity. Discover the key forces transforming the AI landscape. https://atbain.co/4eB2OOc