Global AI market could hit $6 trillion annually by 2031 through unlocking value and innovation - Bain & Co's 7th Global Technology Report

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    "url": "https://www.prnewswire.com/news-releases/global-ai-market-could-hit-6-trillion-annually-by-2031-through-unlocking-value-and-innovation--bain--cos-7th-global-technology-report-302891178.html",
    "title": "Global AI market could hit $6 trillion annually by 2031 through unlocking value and innovation - Bain & Co's 7th Global Technology Report",
    "excerpt": "BOSTON , Sept. 29, 2026 /PRNewswire/ -- As AI infrastructure investment accelerates, the world must confront the next challenge: whether the economic value created can justify the capital deployed. Bain & Company's 7 th annual Global Technology Report finds that funding AI's insatiable compute demand would require $6 trillion in annual revenue by 2031 and much of the value lies in new innovation – beyond employee productivity. Existing applications of AI will grow. Consumer AI, through subscriptions and advertisements, and enterprise AI, through software development, sales, marketing, customer service, and IT operations, could total between $1.2 trillion and $1.8 trillion in revenue. In addition to these applications, new categories of innovation are required. Bain's research finds four key categories that are likely to fund the remaining $4.2 trillion of new revenue. First, model providers are replacing search engines and integrating ads to generate new revenue. Second, autonomous everything particularly in automobiles, trucks, and drones, as well as other industrial automation, will create new products and services. Third, physical AI, including simulations, digital twins, and robotics, will unlock a wide range of new applications in R&D and manufacturing. And last, new products and uses that don't exist today will enable new markets and opportunities from abundant...",
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