Rapid growth of Artificial Intelligence Chip Market forecast to 2025 | CAGR 45.4%

According to a recent report published by Allied Market Research, titled,"Global Artificial Intelligence Chip Market by Chip Type, Application, Technology, Processing Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global artificial intelligence chip market was valued at $4,515 million in 2017, and is projected to reach $91,185 million by 2025, growing at a CAGR of 45.4% from 2018 to 2025.
At present, North America dominates the market, followed by Europe. In 2017, U.S. dominated the North America market and UK led the overall market in Europe. However, in Asia-Pacific, China currently dominates the market.

The growth of the global artificial intelligence chip market is driven by increase in demand for smart homes, development of smart cities, and emergence of quantum computing. However, development of smart cities restrains the market growth.

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Further, in the near future, increased adoption of AI chips in the developing regions and development of smarter robots are expected to provide lucrative opportunities for the key players operating in the artificial intelligence chip market.

Key Findings of the Artificial Intelligence Chip Market:
On the basis of chip type, the GPU segment led the AI chip market in 2017. However, the ASIC segment is anticipated to overtake the GPU type in the near future, in terms of revenue.
The machine learning application dominated the global artificial intelligence chip market in 2017.
Edge based AI chip segment dominated the global artificial intelligence chip market.
The North America region held the majority of market share in 2017.
By industry vertical, the BFSI segment dominated the global artificial intelligence chip market in the year 2017. However, the others segment is expected to grow at a highest CAGR over the forecast period.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

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Increased adoption of AI chips in the developing regions

Recent developments in the emerging economies, such as China and India, across various industry verticals, which include media & advertising, finance, retail, healthcare, automotive & transportation, and others, created a major growth potential for AI. The time and cost benefits provided by AI are the major growth factors leading to its increased adoption in the developing regions. All these factors together fuel the growth of the global market.

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Key Market Players Profiled

AMD (Advanced Micro Devices)

Google, Inc.

Intel Corporation

NVIDIA

Baidu

Graphcore

Qualcomm

Adapteva

UC-Davis

Mythic

Others

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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