Artificial Intelligence Chip Market Report

 

Artificial Intelligence Chip Market:

As per the GMI Research's latest analysis, Global Artificial Intelligence Chip Market reveals that the market is slated to register a significant CAGR over the forecast period. This is attributed to the increasing number of large and complex datasets, the growing number of AI applications to enhance computing power and decreased hardware cost, and the high adoption of AI to enhance consumer services.

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Artificial Intelligence Chip Market’s leading Manufacturers:

·         Intel Corporation

·         NVIDIA Corporation

·         IBM Corporation

·         Samsung Electronic Co. Ltd

·         Microsoft Corporation

·         Micron Technology Inc

·         Qualcomm Technologies Inc

·         Google LLC

·         Xilinx Inc

·         Amazon Web Services (AWS)

Artificial Intelligence Chip Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The global artificial intelligence chip market is predicted to witness an upsurge in demand during the forecast period due to the increasing number of large and complex datasets, the growing number of AI applications to enhance computing power and decreased hardware cost the high adoption of AI for enhancing consumer services. In the period of digital transformation, artificial intelligence is being largely utilized to improve customer service. It has become mandatory for every organization to offer an effective and reliable customer experience to maintain their existing customers and sustain them in the competitive business landscape. The introduction of AI aids in overcoming and support human shortcomings and offers a high level of reliability that will support the growth of the artificial intelligence chip market size. Technology such as AI chatbot contains cognitive abilities and are built to learn from their communication with humans. These chatbots can handle queries from many customers without the requirement for a real human employee. Deploying AI technology in the business process aids in improving workflow efficiency reduced the demand for hardware deployment, decreases the requirement to outsource work, and minimizing human resources. Thus, the high adoption of AI technology for customer service and decreasing operational costs will boost the demand of the market worldwide.

The leading components of AI, including machine vision, language processing, and machine learning, will energize the growth of the market. These components offer a machine-to-human combination, decrease cost, and improves efficiency. Additionally, businesses utilize AI for brand management, customer service, software testing and development, fraud detection, and human resource management. An AI-based system also aids in preventing cyber-attacks by recognizing abnormal requests or behavior from the user. Thereby, the growing number of AI applications across different businesses is encouraging the high adoption of AI chips. On the other hand, the factors hindering the market growth include the shortage of skilled AI professionals and the lack of protocols and standards in the coming years.

Artificial Intelligence Chip Market Segmentation:

Segmentation by Technology:

·         Machine Learning

·         Natural Language Processing

·         Context–Aware Computing

·         Computer Vision

Segmentation by Hardware:

·         Processor

·         Memory

·         Network

Segmentation by Industry:

·         Healthcare

·         Manufacturing

·         Automotive

·         Agriculture

·         Retail

·         Security

·         Human Resources

·         Marketing

·         Law

·         Fintech

Segmentation by Region:

·         North America

o   United States of America

o   Canada

 

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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