Global AI Processor Market Size By Offering (Hardware, Software, Services), By Technology (Machine Learning, Deep Learning, Machine Vision), By Geographic Scope And Forecast

AI Processor Market Size And Forecast

AI Processor Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.

The Global AI Processor Market has witnessed strong growth in the past few years. The growth of this market is attributed to increased technological advancements across multiple industries. Increasing AI utilization to improve computing strength and conquer hardware cost, the increasing number of large and complex datasets, and the increasing adoption of AI-based devices are further propelling the market growth. The Global AI Processor Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global AI Processor Market Definition

AI Processor is a small chip that remains in computers and other electronic gadgets. AI Processor is nothing but a normal processor including a software or hardware unit connected to recognize and solve some problems to perform the smoother performance. AI Processors are functional chips, which include AI technology and machine learning to make mobile devices active enough to imitate the human brain. AI Processors are used to optimize extensive learning AI workloads. Machine learning is just a way to deliver Artificial Intelligence.

AI Processor work like GPU chips is done for mobiles, only for specialized functions rather than graphics. AI chips are the future of mobile processors that are proficient in doing more extra than just the fundamental tasks your phone can do. They are simply designed to do specific AI tasks more productively and efficiently. AI Processors have an added inbuilt Neural Processing Unit (NPU) that is capable of lots of parallel processing, uses low energy and is capable of cognitive tasks like prediction & analysis.

With heterogeneous computing capabilities, AI Processors offer high performance and power efficiency for AI applications. Various AI Processors manufacturing companies are acquiring AI startups to enhance and extend their product portfolio. Google is the best example, who has designed an application-specific integrated circuit, which is particularly used in deep neural nets, an AI technology that would transform internet services.

Global AI Processor Market Overview

The Global AI Processor Market is principally benefitted by technological advancements in the market, which makes consumers switch towards smart devices. The growing number of AI utilization to improve computing strength and conquer hardware cost, the increasing number of large and complex datasets and stimulating adoption of AI for improving consumer services are some of the other key factors propelling the growth of the Global AI Processor Market.

Companies are adopting several growth tactics such as takeovers, partnerships, collaborations, and product launches to increase their AI Processor product portfolio while growing their market share, thus positively influencing the market growth of Artificial Intelligence (AI) Processors across the globe. Furthermore, increased investments in AI start-ups simultaneously with the emergence of quantum computers are expected to promote market growth in the future.

Advancements in technologies across multiple industries using AI will continue to propel the demand for Artificial Intelligence (AI) Processors during the forecast period. For example, Tesla founder Elon Musk launched tech startup Neuralink to create implants that connect brains with computer interfaces through AI. In August 2019, Huawei launched the world’s most potent AI Processor- the Ascend 910- onward with an AI computing network called MindSpore.

Intel has also launched its latest AI Processor – Springhill, which is designed for large computing centers. However, the lack of skilled workers is one of the major restraining factors preventing the growth of the AI Processor Market. Nevertheless increased adoption of AI Processors in the developing regions and the development of smarter robots are anticipated to provide lucrative opportunities for the key players operating in the Artificial Intelligence Processor Market.

Global AI Processor Market Segmentation Analysis

The Global AI Processor Market is segmented on the basis of Offering, Technology, And Geography.

AI Processor Market, By Offering

• Hardware
• Software
• Services

Based on Offering, The market is bifurcated into Hardware, Software, and Services. The Hardware segment is expected to dominate the market majorly, owing to the increasing use of AI Processors to reduce Hardware costs and a growing number of large and complex datasets.

AI Processor Market, By Technology

• Machine Learning
• Deep Learning
• Machine Vision
• Natural Process Learning

Based on Technology, The market is bifurcated into Machine Learning, Deep Learning, Machine Vision, and Natural Process Learning. Deep Learning technology is expected to be adopted widely during the forecast period. The increasing application of deep learning algorithms is a major driving force for the AI Processor Market. Currently, deep learning technology is used in voice recognition, fraud detection, voice search, advice engines, sentiment analysis, image identification, and motion detection.

AI Processor Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, The Global AI Processor Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is estimated for a major market share in 2019 and will continue at its position until the end of the forecast period. The growth of this attributed to the early adoption of new advanced technologies and the presence of dominant market players in the region supports the growth of this regional market.

Key Players

The “Global AI Processor Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Apple Inc., Huawei Technologies Co., Ltd., MediaTek Inc., SAMSUNG, Qualcomm Technologies, Inc., Alphabet, and Intel Corporation. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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