Press release
Artificial Intelligence (AI) Chipsets Market 2022 Industry Growth, Size, Share, Top Players, Emerging Trends, New Opportunity And Forecast 2027
Artificial Intelligence (AI) Chipsets Market 2022-2027
New study report" Artificial Intelligence (AI) Chipsets Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2027″ has been added to Fortune Business Insights.
Market Overview:
The global artificial intelligence (AI) chipsets market size is expected to reach USD 108.85 billion by 2027, exhibiting a CAGR of 38.9% during the forecast period.
The increasing implementation of 3D technology along with neural networks & deep learning technologies will promote the healthy growth of the market during the forecast period, states Fortune Business Insights, in a report, titled "Artificial Intelligence (AI) Chipsets Market Size, Share & COVID-19 Impact Analysis, By Chipset Type (Graphics Processing Unit (GPU), Field Programmable Gate Arrays (FPGAs), Application-specific Integrated Circuit (ASIC) and Others), By Application (Natural Language Processing (NLP), Robotic Process Automation (RPA), Machine Learning, Computer Vision and Others), By Computing Technology (Cloud Computing and Edge Computing), By Function (Training and Inference), By Industry (Consumer Electronics, Healthcare, BFSI, IT & Telecom, Manufacturing, Automotive, Retail, and Others), and Regional Forecast, 2020-2027." The market size stood at USD 8.14 billion in 2019.
Driving Factors:
Increasing Cognizance about Quantum Computing to Promote Growth
The growing adoption of quantum computing technology to solve complex problems and perform analytical calculations will spur opportunities for the market. For instance, Google LLC's Sycamore quantum computer is currently the fastest computer that can perform a specific task in around 200 seconds. Quantum computers are enabled with technologies such as artificial intelligence, machine learning, computer vision, big data, AR/VR, and others. The growing knowledge about quantum computing will spur demand for AI chipsets, in turn, aiding the market growth. Quantum computing is used in various functions such as fraud detection, risk management, portfolio optimization, and applications where instant data response is required. The growing adoption of risk management solutions among organizations will contribute positively to market growth in the near future.
List of Companies Covered in the Artificial Intelligence (AI) Chipsets Market Report:
NVIDIA Corporation
Intel Corporation
Xilinx, Inc.
Samsung Electronics Co., Ltd.
Micron Technology, Inc.
Kneron
Alibaba Group Holding Limited
Qualcomm Technologies, Inc.
International Business Machines Corporation (IBM)
Alphabet Inc. (Google LLC)
Microsoft Corporation
Amazon Web Services (AWS)
Advanced Micro Devices, Inc. (AMD)
General Vision, Inc.
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Covide-19 Impact:
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Method of Research:
Fail-safe, modern research methodologies are employed for the Artificial Intelligence (AI) Chipsets market analysis. An exhaustive primary and secondary research conducted on the market using robust research techniques aid in the prediction of the market size at the end of forecast period. Top-up and bottom-down approaches were maintained in the entire market study.
Report Coverage:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into the regional developments.
List of major industry players.
Key strategies adopted by the market players.
Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Key Industry Development:
July 2019: MediaTek Inc. announced the launch of its new AI chipset - "MTK i700" that is featured with high-speed edge AI computation for rapid image recognition, AR applications, smart homes, stores, and factories, etc.
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Segmentation:
The regional summarization of the Artificial Intelligence (AI) Chipsets market offers competitive strategies in different regions across the globe. Moreover, the market's key players are contributing to the market growth that tends to maximize the profits through the partnership in several places. The Artificial Intelligence (AI) Chipsets market research is done broadly with the mentioned region to embrace the outlook and the latest trend with the prospects in the given period of 2022-2027.
Regional Insights:
Emergence of Startup Companies to Propel Market in Asia Pacific
Asia Pacific is expected to dominate the global market owing to the developing economies such as South Korea, India, China. The growing acceptance of AI-based solutions will foster healthy growth of the market in the region. The government of Singapore has created an AI Ethics Advisory Council as a part of its AI Strategy to deploy AI applications across various industries in 2018. The strong startup ecosystem is expected to further drive the market in Asia Pacific. Europe is expected to hold the largest share in the global market owing to the presence of AI solution providers in the European countries. The growing focus on R&D investments coupled with the adoption of AI technologies will consequently bolster the growth of the market in Europe. The Middle East and Africa is expected to grow rapidly during the forecast period owing to the smart city initiatives in the region.
Continue….
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Table of Contents
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