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Artificial Intelligence Chip Market Will Hit at a Volume CAGR 35.0% From 2027 – Google, IBM, Intel, Micron technology, NVIDIA, Qualcomm Incorporated, Huawei Technologies, Samsung and Xilinx

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Worldwide Artificial Intelligence Chip Market Analysis to 2027 is a specialized and in-depth study of the Artificial Intelligence Chip Industry with a focus on the global market trend. The report aims to provide an overview of global Artificial Intelligence Chip Market with detailed market segmentation by product/application and geography. The global Artificial Intelligence Chip Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Artificial Intelligence Chip players and offers key trends and opportunities in the market.

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.

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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.

Top Leading Market Players:

  1. Advanced Micro Devices, Inc.
  2. Alphabet Inc. (Google)
  3. Huawei Technologies Co., Ltd.
  4. IBM Corporation
  5. Intel Corporation
  6. Micron technology, Inc.
  7. NVIDIA Corporation
  8. Qualcomm Incorporated
  9. Samsung electronics Co., Ltd.
  10. Xilinx, Inc.

Market initiatives by the players propelling the growth of Artificial Intelligence Chip market

In the global artificial intelligence chip market, new market initiative is a strategy adopted by various companies to expand their footprint across the world and meet the growing demand of customers. The market players present in the artificial intelligence chip market are mainly focusing towards product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, and funding, companies are expanding their footprint in the artificial intelligence chip market. Most of the artificial intelligence chip market initiatives were observed in Asia Pacific, North America, and Europe regions, which have high density of AI implementations.

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Segment by Type Insights

The artificial intelligence chip market is bifurcated by segment into Data center/Cloud and edge. Artificial intelligence is one of the most disruptive technologies in today’s digital world and hence AI chips are the most disruptive hardware. Artificial intelligence chips are majorly used for training and inference purposes in data center/cloud computing. However, with recent breakthroughs, AI chips have evolved to cater a wide range of applications especially inference at the edge. With tech giants like NVIDIA, Apple, Google, Huawei, and Intel among others investing in edge inferencing, the edge segment is going to drive the growth of artificial intelligence chip market through adoption of specialized AI chips and accelerators during the forecast period.

The Artificial Intelligence Chip Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

Strategic Insights

Market initiative was observed as the most adopted strategy in the global artificial intelligence chip market. Few of the recent market initiatives are listed below:

2019: AMD entered into a partnership with ScaleMP enable AMD server OEMs to create systems with 4, 8, and up to 128 processor sockets, up to 8,192 CPUs and 256 terabytes of shared memory.

2019: IBM invested $2 Billion in New York Research Hub for AI Hardware to boost growth from emerging technologies. The Research hub is anticipated to focus on computer-chip research, development, prototyping, testing, and simulation.

2019: Intel unveiled its plan of working with Facebook to finish a new artificial intelligence chip in the second half of 2019. The new chip will help with what researchers call inference, which is the process of taking an artificial intelligence algorithm and putting it to use, for example by tagging friends in photos automatically.

Key questions answered in the report include-

  • What will the market size and the growth rate be in 2027?
  • What are the key factors driving the global Artificial Intelligence Chip market?
  • What are the key market trends impacting the growth of the Artificial Intelligence Chip market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global Artificial Intelligence Chip market?

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Reason to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Artificial Intelligence Chip Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Artificial Intelligence Chip, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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