Deep Learning Chip Market Revenue to Cross US$ 21.31 Bn by 2027: The Insight Partners

With the availability of an enormous amount of data and vast scalability of cloud-based compute power, the chip has become a massive trend across industries in these past few years. In today's digital world, information is the key for enterprises to be successful and to maintain sustainable growth. Deep learning chip is a specialized hardware chip which acts as a brain for the device, deep learning chips have many computing cores and come with high bandwidth memory. These chips are also known as AI chips and have its application in numerous systems including CPUs, GPU, and ASIC among others.

With the increasing demand for application-based deep learning chips for specific problems in an industry vertical, various startups and established companies are focusing on new hardware innovations that support rapid, and efficient deep learning processing. Deep learning is the part of the range of AI applications offered by AI chipset architectures along with machine learning, and natural language processing among others for both training and inference. To address the increasing demand and variety of AI workloads, vendors are now mixing a wide range of chip technologies in their products. There are various application-specific SoCs available for intelligent robotics and mobile apps. A large number of start-ups have come up in the artificial intelligence ecosystem, and they have received impressive funding from various big organizations. ASICs and application-specific custom/hybrid deep learning chips will be the future of deep learning chip market and therefore is expected to be a trending factor impacting the growth of the deep learning chip market.

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North America leads the global deep learning chip market, and it is anticipated to be the highest revenue contributor throughout the forecast period. Deep learning chip development is backed by large-scale investment from technological giants to develop patterns from a huge amount of generated data. The rise of quantum computing and the implementation of deep learning chips in robotics is driving the growth of the deep learning chip market in the North American countries.
Quantum computing takes seconds to finish a calculation that would otherwise take more time. Quantum computers are an innovative transformation of artificial intelligence, machine learning, and big data. Therefore, the prominence of quantum computing is expected to drive the growth of the deep learning chip market.

Furthermore, quantum computing is beneficial for various factors including, portfolio optimization, fraud detection, and risk management, and the areas where immediate data feedback is required. Thus, it is easier for a single processor to perform complex calculations in seconds. Additionally, with the internet's scale and size, deep learning helps to maintain large data sets at a very low cost. Hence, these factors expected to boost the growth of the global deep learning chip market

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Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Deep Learning Chip Market' provides the analysis on impact on Covid-19 on business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

The deep learning chip market by industry vertical is segmented into media & advertising, BFSI, IT & telecom, retail, healthcare, automotive & transportation, and others. The BFSI holds a significant share in the market, whereas, healthcare is expected to be the fastest-growing solution during the forecast period. The healthcare segment generates a huge amount of data ranging from customer's personal data to clinical research data. The deep learning chip market is experiencing high growth in the medical sector with huge investments and projects made by companies to develop treatments based on the concept of machine learning. There are various areas where artificial intelligence is being applied in the healthcare sector. Some of these areas include Diagnosis and Treatment Systems, Image Analytics & Diagnosis and others. On the other hand, BFSI Institutions face a dynamic & challenging environment with superior competition from specialized Fin-Tech enterprises, increasing regulatory supplies and pressure on interest margins in a low-interest rate market. All of this at a time when consumer behavior is transforming and traditional banking practices and models are no longer adequate to achieve the increasing consumer demands.

The major players operating in the market for deep learning chip market Advanced Micro Devices, Inc., Amazon Web Services, Inc., Bitmain Technologies Holding Company, Baidu, Inc., Google, Inc., Intel Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd., and Xilinx Inc. among others.

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