The fifth annual Global Technology Report from Bain and Company emphasizes how quickly the market for AI-related hardware and software is growing, with growth predicted to range from 40% to 55% yearly. According to the analysis, by 2027, the market is expected to reach a valuation of $780 billion to $990 billion. The rising use of bigger AI models, the expansion of data The report also identifies the rise of “sovereign AI” initiatives as governments invest in domestic infrastructure and AI models. Companies must adapt to this evolving landscape by scaling AI across their operations. Additionally, software development efficiency is another key area, with generative AI offering time-saving benefits of up to 30%. However, Bain warns that many companies are not fully leveraging these gains. The report concludes that the tech industry’s mergers and acquisitions will focus more on acquiring new capabilities rather than scaling, with AI disruptions playing a crucial role in determining future industry leaders.
