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Global Artificial Intelligence Chips Market 2019-2023 | Industry Analysis and Forecast | Technavio

November 23, 2018

LONDON--(BUSINESS WIRE)--Nov 23, 2018--The global artificial intelligence (AI) chips market research report by predicts the market to post a CAGR of approximately 39% during the period 2019-2023.

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Technavio has released a new market research report on the global artificial intelligence (AI) chips market for the period 2019-2023. (Graphic: Business Wire)

A key driver for the global artificial intelligence chips market is the increasing adoption of AI chips in data centers. Most of the companies run their online services with the help of data centers. The data centers process a large amount of data. Hence, it is necessary to enhance the efficiency of data centers and reduce their power consumption, thereby improving uptime and reducing operational costs. The data center providers have been using AI technology for energy efficiency, infrastructure management, server optimization, security, and others.

This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the convergence of AI and IoT as one of the key trends in the global artificial intelligence chips market:

Global artificial intelligence chips market: Convergence of AI and IoT

Owing to the numerous advantages it offers in various segments such as aerospace and defense, automotive, consumer electronics, healthcare, and other industries, there is a high demand for IoT devices. IoT device manufacturers are integrating HMI technologies in devices such as cameras, drones, smart speakers, smartphones, and smart TVs, which has led to the deployment of AI chips in IoT devices. This enables power-efficient data processing and machine learning computation in these IoT devices.

“The demand for IoT devices has been increasing due to the growing focus on smart city projects and the rising implementation of automation in homes and enterprises. Consequently, the market participants have been working in collaboration to develop software and hardware to integrate AI technology in IoT devices,” says a senior research analyst at Technavio.

Global artificial intelligence chips market: Segmentation analysis

This artificial intelligence chips market analysis report segments the market by product (GPUs, ASICs, CPUs, and FPGAs), end-user (foundries and IDMs), and geography (the Americas, APAC, and EMEA).

The GPUs segment held the largest artificial intelligence chips market share in 2018, accounting for over 33% of the market. This product segment is expected to dominate the global market throughout the forecast period.

The Americas region led the market in 2018 with more than 43% of the market share, followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2019-2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181123005191/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

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INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE NETWORKS SOFTWARE SEMICONDUCTOR

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/23/2018 11:00 AM/DISC: 11/23/2018 11:01 AM

http://www.businesswire.com/news/home/20181123005191/en

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