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In case you thought that the AI market was cooling off, have a look at this. (Emphasis added)

Based on the component, the market has been divided into hardware, software, and services. The software segment accounted for the significant share of the market in 2018 due to the high adoption of cloud-based software. This can be attributed to improved cloud infrastructure and hosting parameters.

However, the hardware segment is anticipated to observe the fastest growth rate during the forecast period. This is due to the growing demand for hardware optimized for machine learning, an increasing number of hardware providers, and technological development such as customized silicon chips with machine learning and artificial intelligence capabilities.

Yes, hardware is going to become more and more important to AI.

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