Artificial Intelligence Chip Market is Growing at a High CAGR 35.0% by 2027 | Advanced Micro Devices, Inc., Alphabet Inc. (Google), Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation

The Artificial Intelligence Chip market is estimated to reach US$ 83,252.7 Mn by 2027 from US$ 5,658.1 Mn in 2018.

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.

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Top Key Players:- 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.

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.

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. During the forecast period, rising adoption of cloud-based computing across industries and the adoption of artificial intelligence chips in edge devices will present significant opportunities for market players operating in the AI chip market.

Market Segmentation:

Global Artificial Intelligence Chip Market - By Segment

o Data Center
o Edge

Global Artificial Intelligence Chip Market - By Type

o CPU
o GPU
o ASIC
o FPGA

Global Artificial Intelligence Chip Market - By Industry Vertical

o BFSI
o Retail
o IT & Telecom
o Automotive & Transportation
o Healthcare
o Media & Entertainment

The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Artificial Intelligence Chip market in these regions.

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