# Global AI and IoT market growth and infrastructure expansion > Live situation record from CLSTR: https://clstr.news/situations/global-ai-market-growth-forecasts > Updated: 2026-09-09T11:12:39.000Z. Sources: 99. Developments: 9. Analysts continue to project rapid expansion of the AI sector. Gartner’s forecasts for 2026 see end-user spending on AI models and platforms reaching approximately $64 billion, a 63% rise from 2025. This includes a 117% increase in generative-AI model spend and a 210% rise in domain-specific language models. Total global IT spending is projected to climb to $6.37 trillion in 2026, driven largely by data-center systems and Infrastructure-as-a-Service. Recent financial reports underscore this infrastructure boom. CoreWeave reported a 112% year-over-year revenue increase to $2.58 billion, with its backlog surging 246% to $104.2 billion. Coherent also outperformed estimates, reporting $2.05 billion in revenue, driven by demand for AI-related optical transceivers. Long-term, the enterprise AI infrastructure market is expected to grow from approximately $18 billion in 2025 to $130 billion by 2035. New projections highlight significant growth in specialized sub-sectors. The AI Trust, Risk, and Security Management (AI TRiSM) market is expected to rise from $3.09 billion in 2026 to $11.61 billion by 2031. The global AI assistant market is projected to expand from $3.35 billion in 2025 to $21.11 billion by 2030, representing a compound annual growth rate (CAGR) of 44.5%. Notably, the agentic CPU market is forecasted to reach approximately $1,155.2 billion by 2035, driven by the integration of autonomous AI agents. This hardware demand is reflected in logic chip sales, which reached $301.9 billion. Consequently, global data center electricity consumption is projected to nearly double from 415 TWh in 2024 to 945 TWh by 2030. Concurrently, the IoT sector shows parallel growth. The global IoT technology market, valued at $959.30 billion in 2025, is projected to reach $1,148.62 billion by 2030. ## Claims - CoreWeave reported $2.58 billion in revenue for the second quarter of 2026. (disputed by 19 sources) - CoreWeave's second-quarter revenue rose 112% year over year to $2.6 billion. (disputed by 6 sources) - The company's revenue backlog reached $104 billion at the end of the second quarter. (corroborated by 15 sources) - CoreWeave shares rose between 8% and 15% in after-hours trading following the earnings report. (corroborated by 13 sources) - CoreWeave secured over $25 billion in new customer commitments during the third quarter. (corroborated by 11 sources) - The company reported a net loss of $626 million for the second quarter. (corroborated by 9 sources) - Coherent exceeded fourth-quarter earnings and revenue estimates. (corroborated by 8 sources) - Coherent forecasts first-quarter revenue between $2.2 billion and $2.4 billion. (corroborated by 7 sources) - Coherent's adjusted profit per share was $1.74, exceeding analyst estimates of $1.61. (corroborated by 6 sources) - Coherent reported quarterly revenue of $2.05 billion. (corroborated by 6 sources) - Adjusted EBITDA increased to $1.51 billion from $753 million in the previous year. (corroborated by 4 sources) ## Timeline ### 2026-09-09: IoT technology market projected to reach USD 1.15 trillion by 2030 The global IoT technology market is projected to reach USD 1,148.62 billion by 2030, with a growing shift toward AI-enabled connectivity management platforms to handle increasing ecosystem complexity. 2 sources. https://clstr.news/cluster/iot-technology-market-projected-to-reach-usd-115-trillion-by-2030 ### 2026-09-07: AI and Agentic CPU markets projected for rapid growth through 2035 The AI assistant and agentic CPU markets are poised for massive growth, with the latter potentially reaching USD 1.15 trillion by 2035 as autonomous AI agents transform business operations. 5 sources. https://clstr.news/cluster/ai-and-agentic-cpu-markets-projected-for-rapid-growth-through-2035 ### 2026-08-31: AI and IoT technology markets projected for significant global growth Global markets for AI security, enterprise AI infrastructure, and IoT connectivity are set for massive growth, driven by generative AI, smart city development, and industrial digitalization. 6 sources. https://clstr.news/cluster/ai-infrastructure-and-iot-connectivity-markets-projected-for-significant-growth ### 2026-08-20: Global AI market projected to reach $4.8 trillion by 2033 The global AI market is projected to reach $4.8 trillion by 2033, with rapid growth expected in Physical AI and supply chain automation sectors despite concerns regarding global digital inequality. 2 sources. https://clstr.news/cluster/global-ai-market-projected-to-reach-48-trillion-by-2033 ### 2026-08-12: AI market projections show significant growth in gaming and security sectors The AI gaming market is projected to reach $5.56 billion by 2036, while the AI Trust, Risk, and Security Management market is expected to hit $215.36 billion in the same period. 2 sources. https://clstr.news/cluster/ai-market-projections-show-significant-growth-in-gaming-and-security-sectors ### 2026-08-11: CoreWeave and Coherent report strong growth driven by AI infrastructure demand CoreWeave and Coherent report strong growth driven by AI infrastructure demand, with CoreWeave raising its 2026 revenue and capex guidance amid a massive $104 billion backlog. 80 sources. https://clstr.news/cluster/ai-market-spending-projected-to-reach-64-billion-by-2026 ### 2026-07-30: Gartner projects 2026 global IT spending to reach $6.37 trillion Gartner forecasts 2026 global IT spending of $6.37 trillion, up 14.2 %, driven by data‑centre systems (+62.5 %) and IaaS (+29.3 %). AI infrastructure is the main catalyst. 2 sources. https://clstr.news/cluster/gartner-projects-2026-global-it-spending-to-reach-637-trillion ### 2026-07-27: AI Model Router Market Set to Surge 44.9% CAGR to $4.1B by 2035 AI model router market expected to grow 44.9% CAGR, reaching $4.1 B by 2035, boosted by AI adoption in autonomous vehicles, healthcare and cloud data centers, led by North America and Asia‑Pacific. 4 sources. https://clstr.news/cluster/ai-model-router-market-set-to-surge-449-cagr-to-41b-by-2035 ### 2026-07-26: Gartner predicts AI platform and model spending to rise 63% by 2026 Gartner forecasts AI model and platform spending to hit $64 bn in 2026, up 63%, while global IT spend is set to reach $6.37 trn, a 14.2% rise, driven by AI infrastructure growth. 5 sources. https://clstr.news/cluster/gartner-predicts-ai-platform-and-model-spending-to-rise-63-by-2026 --- Cite as: Global AI and IoT market growth and infrastructure expansion. CLSTR, https://clstr.news/situations/global-ai-market-growth-forecasts