In the United States alone, the AI data center market was valued at $3.35 billion in 2024 and is forecast to reach $20.12 billion by 2032

In sum – what to know:

Market projected to reach $98B by 2032 – The AI data center market is set to expand more than sixfold from USD 14.25B in 2024 at a 27.33% CAGR.

Hardware, hyperscale, and cloud segments dominate – Specialized chips, hyperscale build-outs, and cloud-based platforms lead growth, with hardware representing over half of 2024 revenues.

North America remains the largest market – With 37% share, early AI adoption and hyperscaler concentration ensure the U.S. continues to drive infrastructure expansion.

The global AI data center market, valued at $14.25 billion last year, is projected to surge to $98.04 billion by 2032, reflecting a

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