Exclusive Report on Global Artificial Intelligence Chip Industry: to grow at a whopping rate of CAGR 41.90%

The global Artificial Intelligence Chip market size was valued at $7.03 Billion in 2020 and is expected to reach $129.58 Billion by 2028 growing at the CAGR of 41.90% from 2021 to 2028.

This growth is attributed to:
● The ability to offer an impetus in initiating smart city programs. Tools and technologies that are artificially intelligent (AI) possess a massive potential to transform digitally interconnected homes and SMART cities.
● The rise in investments in AI startups is the major driver of the market. The main reason for this investment is the return on investment it produces.
● The evolution of quantum computing, they are new and innovative thinking which is transforming artificial intelligence, big data, and machine learning.
● The emergence of robots as many have been building robot brains to deploy software on their machines, hence enabling them to operate autonomously.

AI consists of algorithms for its development. In addition, managing AI and automated systems can be a challenge from time to time. This requires exceptional software engineering skills and notable experience in dealing with distributed and concurrent programming or debugging communication protocols. However, many regions lack the skill sets required, particularly the emerging economies. Hence, a talent deficit has been cited as a major abiotic factor influencing the market growth.

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Key Players
Some of the major Artificial Intelligence Chip players holding high market share include NVIDIA Corporation, Alphabet Inc., and Apple. These players use new product development and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● NVIDIA Corporation
● Alphabet Inc.
● Apple
● ARM Holding
● Intel Corporation
● Advanced Micro Devices
● Xilinx
● Graphcore
● Qualcomm
● Adapteva

The recently published research report on Global Artificial Intelligence Chip Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Artificial Intelligence Chip market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Artificial Intelligence Chip market report also includes the following data points:
● COVID19 Impact on Artificial Intelligence Chip market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Artificial Intelligence Chip market

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Segmental Analysis
Market Segment By Chipset Type with focus on market share, consumption trend, and growth rate of Artificial Intelligence Chip Market:
o GPU
o ASIC
o FPGA
o CPU

Market Segment By Application with the focus on market share, consumption trend, and growth rate of Artificial Intelligence Chip Market:
o Natural Language Processing
o Robotic Process Automation
o Computer Vision
o Network Security
o Others

Market Segment By Technology with a focus on market share, consumption trend, and growth rate of Artificial Intelligence Chip Market:
o System-on-Chip
o System-in-Package
o Multi-chip Module
o Others

Market Segment By Industry Vertical with the focus on market share, consumption trend, and growth rate of Artificial Intelligence Chip Market:
o Media & Advertising
o BFSI
o IT & Telecom
o Retail
o Healthcare
o Automotive & Transportation
o Others

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Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

North America has a major share of the global artificial intelligence chip market owing to the prominence of tech giants in the US. The region is also seeing extensive investments in AI-related technologies and widespread infrastructural developments.

The Asia Pacific is expected to grow at a significant pace due to the presence of emerging countries such as China and India. This region is also undergoing significant technological advancements with an increase in both software investments and their hardware usage for security purposes

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