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Machine Learning Chip Market Expected to reach $37,849.8 Million by 2025 | Key drivers, restraints, and opportunities with a detailed impact analysis.

06-04-2019 02:54 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Machine Learning Chip Market Expected to reach $37,849.8

The global machine learning chip market was valued at $2,425.6 million in 2017, and is projected to reach $37,849.8 million by 2025, registering a CAGR of 40.8% from 2018 to 2025.

At present, North America dominates the market, followed by Europe. In 2017, the U.S. dominated the North America market, and the UK led the overall market in Europe. While, in Asia-Pacific, China currently dominates the market.

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The trend in artificial intelligence (AI), use of machine learning in numerous applications and emergence of quantum computing are the factors which increase the demand for machine learning chip market. In addition, the development of autonomous robots that can control themselves without human intervention is anticipated to provide potential growth opportunities for the market.

However, dearth of skilled workforce and AI phobia are the major restraints of the market. Moreover, increase in demand for smart homes & cities, rise in efforts to make more human-like robots and popularity of IoT across the globe are expected to create tremendous opportunities for the market expansion.

The major companies profiled in the report include AMD (Advanced Micro Devices), Google Inc., Intel Corporation, NVIDIA, Baidu, Bitmain Technologies, Qualcomm, Amazon, Xilinx, Samsung.

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The machine learning chip market signifies a promising future for the technological industry. The current business scenario has witnessed an increase in the adoption of this technology, particularly in the developing regions. The companies have been adopting innovative techniques to provide customers with advanced and innovated product offerings.

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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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