By 2028, the Artificial Intelligence Chip Market will be worth $ 109.83 Billion, at a CAGR of 40.17%, according to Verified Market Research
BY CLAIRE REID
OCTOBER 11, 2021
Verified Market Research published a study titled "JERSEY CITY, N.J.", Oct. 11, 2021 /PRNewswire/ -- Verify Market research published " "A Report on the Verification of Market Size and Growth in JERSEE CITIES," released yesterday. Artificial Intelligence Chip Market is a rapidly growing industry. By End-User (Healthcare, Manufacturing, Automotive, Retail), By Technology (Machine Learning, Predictive Analysis, Natural Language Processing), and By Geography. According to Verified Market Research, the Global Artificial Intelligence Chip Market was valued at USD 7.37 billion in 2020 and is projected to reach USD 109.83 billion by 2028, growing at a CAGR of 40.17% from 2021 to 2027.
Global Artificial Intelligence Chip Market Overview
The AI investment landscape experienced another year of steady growth in 2019, with the US taking the lead, with a US$22.7 billion record. Despite many setbacks and a shift in interest and priorities that can result in uncertainty, the market did not suffer any fatigue. Enterprises are increasingly waking up to the AI value. Not only are businesses actively adopting automation to automate repetitive tasks, ensure compliance, and improve customer experience, but they are also partnering with machine learning platforms and acquiring AI startups and talent to build data pipelines, develop proprietary AI models,, as well as manage their machine-learning development and operation lifecycle.
Different key players have been working on developing a separate platform; Mythic's platform has the advantage of processing digital/analog calculations in memory, resulting in enhanced performance, accuracy, and power life. Furthermore, the rise in demand to integrate video surveillance & AI and the increase in government expenditure for cybersecurity solutions integrated with real-time analytics e'AI are expected to boost the artificial intelligence chip's growth. The rise in investments in AI firms is what drives the global AI Chips Market expansion.
However, there are relatively higher prices for AI chips and a slumber of skilled workers with the ability to use AI-based systems, particularly in developing countries. These factors may adversely affect the global AI Chips Market growth.
Key Developments in the Field of Key Advancements in Research Artificial Intelligence Chip Market (AIICP Market) is a growing market for Artificial intelligence chips.
Kneron, a world-renowned full-stack edge AI solutions provider, will launch its advanced AI chipset, the "Knerson KL 720 SoC", in August 2020. The goal is to provide a comprehensive and cost-effective AI chipsets suite for devices around the world.
Nvidia Corporation, a global corporation that manufactures graphics processors, mobile technologies, and desktop computers, will introduce the EGX Jetson Xavier NX and PGX A100 as part of its upcoming VGX Edge AI platform in May 2020. The goal is to provide secure AI processing and high-performance at the edge.
In September 2019, Alibaba Group Holding Limited introduced a new AI-based chipset, "Hanguang 800", which provides advanced computing capabilities on the cloud. This chip can accelerate machine learning tasks and improve the customer experience, resulting in increased customer satisfaction.
In September 2019, Apple Inc. released its A11, A12, and A13 Bionic Chips for high-performance processors that use core CPUs coupled to GPUs as accelerators.
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