Global Artificial Intelligence Chip Market | CAGR growth rate of 35.0% in the forecast period from 2019 to 2027 with Keyplayers like Advanced Micro Devices Inc., Alphabet Inc. (Google)
The global artificial intelligence chip market was valued at US$ 5,658.1 Mn in 2018 and is expected to reach US$ 83,252.7 Mn by 2027 with a CAGR growth rate of 35.0% in the forecast period from 2019 to 2027.
North America is the leading geographic region in the artificial intelligence chip market and is anticipated to be the largest revenue contributor throughout the forecast period. In North America, artificial intelligence implementation is backed by large-scale investments from technological giants. North America’s artificial intelligence chip market is primarily driven by the growing demand of artificial intelligence solutions from the BFSI, retail, IT & Telecom and automotive & transportation. A large number of well-funded start-ups have already entered the marketplace with their innovative artificial intelligence based solutions and services. In addition to this, North America also has a well-established cloud infrastructure which is driving the growth of artificial intelligence chip market. With tech giants like NVIDIA, Google, Apple present in the U.S and their focus on artificial intelligence R&D and deployment, U.S. is expected to be the dominant country in the artificial intelligence chip market during the forecast period.
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Artificial Intelligence Chip Market Keyplayers include Advanced Micro Devices, Inc., Alphabet Inc. (Google), Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Micron technology, Inc., NVIDIA Corporation, Qualcomm Incorporated, Samsung electronics Co., Ltd., Xilinx, Inc
With the availability of enormous amount of data and vast scalability of cloud-based compute power, artificial intelligence has become a huge 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. Most industries especially service sector rely deeply on analytics to provide them with useful business insights and enable them to remain competitive in the market. Enterprises have been continuously automating their business processes that were earlier conducted either programmatically or manually. With advancements in AI chips and introduction of application-specific custom chips, enterprises now have the capability to collect real-time analytics and to transform their data into actionable insights. There are numerous use cases available in the market of AI being successfully implemented across industry verticals. The rising adoption of artificial intelligence among North American countries is set to nurture the artificial intelligence chip market in this region during the forecast period.
Global Artificial Intelligence Chip- Market Segmentation
By Segment
- Data Center
- Edge
By Type
- CPU
- GPU
- ASIC
- FPGA
- Others
By Industry Vertical
- BFSI
- Retail
- IT & Telecom
- Automotive & Transportation
- Healthcare
- Media & Entertainment
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- China
- India
- Australia
- Japan
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America (SAM
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