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Artificial Intelligence Chip Market: Future of AI industry in coming years

02-18-2019 02:59 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Artificial Intelligence Chip Market: Future of AI industry

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 Benefits for Artificial Intelligence Chip Market:
•This study comprises analytical depiction of the global AI chip market size along with the current trends and future estimations to depict the imminent investment pockets.
•The overall AI chip market potential is determined to understand the profitable trends to gain a stronger foothold.
•The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
•The current AI chip market size is quantitatively analyzed from 2018 to 2025 to benchmark the financial competency.
•Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the AI chip market.
•The report includes the artificial intelligence chip market share of key vendors and AI chip market trends.

The significant impacting factors in the global artificial intelligence chip industry include increase in demand for smart homes, development of smart cities, and emergence of quantum computing. In addition, the market is also influenced by lack of skilled workforce, increased adoption of AI chips in the developing regions, and development of smarter robots. Each of these factors is anticipated to have a definite impact on the artificial intelligence chip market size during the forecast period.

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The major companies profiled in the report include AMD (Advanced Micro Devices), Google, Inc., Intel Corporation, NVIDIA, Baidu, Graphcore, Qualcomm, Adapteva, UC-Davis, Mythic, and others.

About Allied Market Research
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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