Press release
AI In Hardware market: Reliable Market Size and Share Forecasts up to 2023-2032 | Nvidia Corporation, Qualcomm Technologies, Samsung Electronics Co. Ltd., International Business Machines Corporation (IBM), Xilinx Inc.
AI In Hardware Market Trends
The Business Research Company's AI In Hardware Global Market Report 2023 identifies adoption of AI hardware in banking, IT, and telecom as the major driver for the AI in hardware market's growth in the forecast period. These industries are increasingly leveraging AI technologies to enhance their operations, improve customer experiences, and drive innovation. AI hardware is used in banking to enhance fraud detection and prevention, risk management, and customer service. IT companies use AI hardware to analyze large amounts of data from connected devices to detect anomalies and predict when maintenance is required and telecom companies use AI-enabled hardware to analyze network traffic in real-time to identify and fix performance issues.
The global AI in hardware market size is expected to grow from $16.82 billion in 2022 to $20.88 billion in 2023 at a compound annual growth rate (CAGR) of 24.14%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many every market across the globe. The global AI in hardware market size is expected to reach $48.18 billion in 2027 at a CAGR of 23.25%.
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Major competitors in the AI in hardware market are Nvidia Corporation, Qualcomm Technologies, Samsung Electronics Co. Ltd., International Business Machines Corporation (IBM), Xilinx Inc., Micron Technology Inc., Huawei Technologies Co. Ltd., Intel Corporation, Google LLC, Microsoft Corporation, Advanced Micro Devices Inc., Apple Inc., Dell Technologies Inc., Amazon Web Services Inc., and Hewlett Packard Enterprise Company.
A key trend in the AI in hardware market includes Technological advancements. Major companies operating in the AI in hardware market are adopting new technologies to sustain their position in the market. For instance, in April 2021, Intel Corporation, a US-based semiconductor technology corporation, launched 3rd generation Intel Xeon Scalable processors with built-in artificial intelligence (AI) acceleration. This innovative technology, combined with Intel's portfolio of Ethernet adapters, FPGAs, persistent memory and storage, Intel® OptaneTM, optimized software solutions, high-performance computing (HPC), networking, and intelligent edge applications, enables performance and workload improvements. Additionally, include features such as vector neural network instructions (VNNI), which accelerate convolutional neural networks, and tensor float 32 (BFLOAT16) support, which speeds up training and inference in deep learning models. With these AI acceleration capabilities, the 3rd generation Intel Xeon Scalable processors are well-suited for use in AI and machine learning applications.
Read More On The Global AI In Hardware Market Report Here:
https://www.thebusinessresearchcompany.com/report/ai-in-hardware-global-market-report
The AI in hardware market is segmented -
• By Type: Processor, Network, Storage
• By Deployment: Cloud, On-Premise
• By Technology: Machine Learning, Computer Vision, Natural Language Processing, Expert Systems
• By Application: Training And Simulation, Driver Monitoring Systems, Surveillance And Security, Imaging And Diagnosis, Robotic Surgery
• By End User: Telecommunication And IT industry, Banking And Finance Sectors, Education, Ecommerce, Navigation, Robotics, Agriculture, Health care
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AI in hardware market.
The Business Research Company's "Global AI In Hardware Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The AI In Hardware Market Include:
1. Executive Summary
2. AI In Hardware Market Characteristics
3. AI In Hardware Market Trends And Strategies
4. AI In Hardware Market - Macro Economic Scenario
5. AI In Hardware Market Size And Growth
…………………..
26. Africa AI In Hardware Market
27. AI In Hardware Market Competitive Landscape And Company Profile
28. Key Mergers And Acquisitions In The AI In Hardware Market
29. AI In Hardware Market Future Outlook and Potential Analysis
30. Appendix
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