The global Artificial Intelligence (AI) Chipset is growing by leaps and bounds. The market growth attributes to the rising automation and digitization across the industries. Besides, increasing demand for AI chipsets in various industries such as automotive, BFSI, retail, telecommunication & IT, and healthcare & pharmaceuticals substantiate market growth. Moreover, the growing need for digital transformations and the generation of large amounts of big data in businesses escalate market growth.
According to a leading research firm Market Research Future
(MRFR), the global AI
Chipset Market is
expected to create a valuation of USD 38.46 BN by 2025, registering a massive
CAGR of 39.18% throughout the forecast period (2019 to 2025). AI
chipsets see greater opportunities in the automotive sector to help automakers
make significant improvements throughout vehicle life cycles, providing new
vehicle data insights and the ability to make continuous improvements using
machine learning and over-the-air updates.
Get Sample of Report
@ https://www.marketresearchfuture.com/sample_request/4987
Artificial Intelligence (AI) Chipset Market
- Competitive Analysis
Highly competitive, the AI chipset market appears fragmented
due to the presence of several well-established players. Mergers &
acquisitions, innovation, and expansion remain prevailing key trends for the
leading players as these strategic moves support their growth and expansion
plans. They deliver reliable, leading-edge products and services. For which
they invest substantially in R&D to develop adept technologies and product
portfolio.
Major Players:
Players leading the AI chipset market Qualcomm Technologies
Inc. (US), NVIDIA Corporation (US), Intel Corporation (US), Advanced Micro
Devices (US), Huawei Technologies Co. Ltd (China), Samsung Electronics Co., Ltd
(South Korea), IBM Corporation (US), and Micro Technology (US), among
others.
Additionally, the increasing number of AI-enabled
applications, developments in big data analytics, and AI-based products and
services to improve consumer experience is factors expected to drive the
artificial intelligence (AI) chipset market during the forecast period. Furthermore,
rising AI enabled applications and data driven research & analysis projects
drive the growth in the AI chipset industry. Also, the changing strategic
framework impacts market growth positively.
Besides, increasing usages of machine learning, deep learning,
and natural language processing accelerate market growth, offering detailed
technological insights. Conversely, the lack of technical expertise and AI
standards are major factors projected to impede the market's growth.
Nevertheless, growing competition across the industries and the growing
emphasis on business intelligence would support market growth throughout the
assessment period.
Artificial Intelligence (AI) Chipset Market
- Segments
The report is segmented into five dynamics;
By Component: Hardware
{Processors (CPU, GPU, ASIC, FPGA), Memory, Network} and Software.
By Technology: Machine
Learning, Deep Learning, Natural Language Processing, and others.
By Application: Smart
Wearable, Smartphones, Robotics, Security Systems, Automobile, Medical Imaging,
and others.
By Vertical : Automotive, Consumer
Electronics, Retail, IT & Telecommunication, Healthcare, Media &
Entertainment, BFSI, and others.
By Regions : Americas, Europe, Asia
Pacific, and the Rest-of-the-World.
Global AI Chipset Market - Regional Analysis
North America leads the global AI Chipset Market Analysis. The
largest market share is attributed to the presence of the majority of key
players and technology giants such as IBM Corporation, Amazon.com Inc., and
others. Besides, increasing R&D investments for the development of AI
technologies and the digital transformation of businesses in the region foster
market growth.
Also, the increasing demand for intelligent virtual assistants
drives the growth of the regional market. Moreover, the increasing
implementation of cutting-edge technologies in the automotive and IT &
telecommunication sectors boost regional market growth. The North American AI
chipset market is forecasted to retain its dominance throughout the projected
period.
The Europe artificial intelligence (AI) chipset market holds
the second-largest share. The market growth is fostered by the presence of
various notable players and large deployments of these chipsets across the
industries. Additionally, the high adoption of automation solutions in the
manufacturing sector pushes the development of the regional market. The
European AI chipset market is predicted to create a substantial revenue pocket
during the assessment period.
Asia Pacific artificial intelligence (AI) chipset market is
growing rapidly. Factors such as the proliferation of digitization in
businesses drive the growth of the regional market. The rising adoption of AI
and cloud computing by large and SMEs to enhance employee satisfaction and
operational performance boost the regional market's growth.
Augmenting demand from growing numbers of automation tools
from automotive, consumer electronics, retail, and media & entertainment
act as a key tailwind for the market growth. India and China are major markets
for AI technologies in the region. The APAC artificial intelligence chipset
market is expected to grow at a significant rate during the forecast period.
Get complete Report @
https://www.marketresearchfuture.com/reports/artificial-intelligence-chipset-market-4987
Industry/Innovation/Related News:
November 17, 2020 ----- NXP Semiconductors
NV, an American Dutch semiconductor manufacturing company, announced its
partnership with a US-based IT service management company Amazon Web Services,
to connect cars to cloud computing services.
NXP is a leading supplier of computing chips to automakers,
and Amazon Web Services is the largest cloud computing service by revenue.
Dutch chipmaker NXP Semiconductors said that the strategic relationship would
enable the company to leverage cloud computing units to help cars communicate
with data centers.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to
unravel the complexity of various industries through our Cooked Research Report
(CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum
quality market research and intelligence services to our clients. Our market
research studies by products, services, technologies, applications, end users,
and market players for global, regional, and country level market segments,
enable our clients to see more, know more, and do more, which help to answer
all their most important questions.
Media Contact:
Market Research Future
(Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th
Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
No comments:
Post a Comment