The global artificial intelligence chip market was valued at US$ 5,658.1 Mn in 2018 and is expected to reach US$ 83,252.7 Mn by 2027 with a CAGR growth rate of 35.0% in the forecast period from 2019 to 2027.
Availability of massive amount of data, demand for superior customer service, efficient operations and better sales revenue are some of the key factors driving the growth of Artificial intelligence market. With the advancement in computing and storage technology, computing power has increased multi-fold during the last decade. This computing power has created new opportunities for managing and computing the big sets of data, and when coupled with artificial intelligence technology, it can deliver useful insights to the businesses. Major artificial intelligence applications for which AI chips are being used include Machine Learning (ML), Natural Language Processing (NLP), Expert Systems, Automated Speech Recognition, AI Planning, and Computer Vision. Machine Learning is a branch of artificial intelligence that enables machines to develop the ability of self-learning and adaption through experience without being explicitly programmed.
Worldwide Artificial Intelligence Chip Market 2027 research report conveys industry business patterns and the undertaking information, tolerating one to grasp clients and the stock driving gainfulness and yield development. The report highlights information on improvements and Global Artificial Intelligence Chip Market trends, drivers, revenue and furthermore available. The market report pulls in the most peculiar bits of knowledge of this business additionally makes Artificial Intelligence Chip forecast that is important out there. It accompanies estimations concerning the Artificial Intelligence Chip advancement, subordinate and draws in the distinguishing proof of their industry status.
The key companies operating in the field of artificial intelligence chip market that are profiled in the report include Advanced Micro Devices, Inc., Alphabet Inc. (Google), Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Micron Technology, Inc., NVIDIA Corporation, Qualcomm Incorporated, Samsung Electronics Co., Ltd, and Xilinx, Inc. among many others.
What the report features:-
- Global analysis of Artificial Intelligence Chip Market from 2017 – 2027 illustrating the progression of the market.
- Forecast and analysis of Artificial Intelligence Chip Market by technology node, application and geography from 2017 – 2027
- Forecast and analysis of Artificial Intelligence Chip Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America
The report contains imperative and pivotal details affecting the developments and growth of the market and also talks about the restricting factors that may restrain the Artificial Intelligence Chip Market growth during the forecast period. Segmentation of the market are examined specifically to provide knowledge for supplementary market investments. Segmentation of the market on the basis of technology node, application and geography are elucidated in details portraying a descriptive structure of the market trends and restrictions affecting the Artificial Intelligence Chip Market through the segments and sub-segments.
The global market for artificial intelligence chips is anticipated to exhibit very high growth in the near future. Some of the major driving factors contributing to the market growth include increasing investments in AI chip start-ups, and availability of massive amount of data due to the proliferation of digital services across the globe. Real-time consumer behavior insights, increased operational efficiency, and improved sales revenue are some of the factors responsible for rising adoption of AI chips across major industry verticals. Also, growing spending on enhanced IT security is expected to drive the growth of AI Chip market. However, there are few factors which are expected to restrain the market growth such as data privacy & security concerns and lack of infrastructure and technology know-how in third world countries.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Global Artificial Intelligence Chip- Market Segmentation
- Data Center
By Industry Vertical
- IT & Telecom
- Automotive & Transportation
- Media & Entertainment
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America (SAM
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