DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence Processor Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The Artificial Intelligence (AI) processor market was valued at US$71.182 billion in 2019. Growing data volume on account of the proliferation of connected devices and increasing high-speed internet connectivity is a key driving factor for the global artificial intelligence (AI) processor market growth. AI processors are used to handle large and parallel operations in an efficient manner.
Companies are adopting various growth strategies such as acquisitions, partnerships, collaborations, and product launch in order to strengthen their AI processor product portfolio while expanding their market share, thus positively impacting the market growth of artificial intelligence (AI) processor worldwide. For instance, Intel acquired a small AI software firm, Nervana, for its deep learning accelerator GPU chip. In May 2018, Cambricon unveiled its 3rd generation AI processor for edge devices using TSMC 7nm technology. Advancements in technologies across various industries using AI will continue to drive the demand for artificial intelligence (AI) processors during the forecast period.
For example, Tesla founder Elon Musk launched tech startup Neuralink to build implants that connect brains with computer interfaces via AI. AI processor manufacturers are also engaged in growth strategies including product launch, investments, partnerships and collaborations in order to meet the emerging demand and expanding their global market share which will also drive the artificial intelligence (AI) processor market growth. For instance, in August 2019, Huawei launched the world's most powerful AI processor- the Ascend 910- along with an AI computing network called MindSpore. Intel also launched its latest AI processor - Springhill, which is designed for large computing centers.
However, the lack of skilled personnel is one of the major restraining factors that is hindering the growth of artificial intelligence (AI) processor market.
Artificial Intelligence (AI) Processor market is segmented by offering, technology, and geography. By offering, the global Artificial Intelligence (AI) Processor market is segmented into hardware, software, and services. By technology, the market is segmented into machine learning, deep learning, machine vision, natural process learning.
North America holds the largest market share throughout the forecast period
Geographically, the Artificial Intelligence (AI) Processor market is segmented as North America, South America, Europe, Middle East, and Africa (MEA), and Asia Pacific (APAC). North America accounted for the major market share in 2019 and will remain at its position until the end of the forecast period. Early adoption of new advanced technologies and the presence of major market players in the region supports the growth of this regional market.
Increasing investments in artificial intelligence (AI)in countries like the U.S. and Canada is also a driving factor for the growth of this regional market. In December 2018, The Canadian Prime Minister announced an investment of up to nearly $230 million for AI-Powered Supply Chains Supercluster (SCALE.AI) based in Quebec. Ongoing R&D activities in autonomous vehicles, cybersecurity, and healthcare are further boosting the growth of the North American artificial intelligence (AI)processor market. Recently in February 2020, California-based startup Pony.ai has received a funding of $462 million, out of which $400 million came from Toyota for autonomous driving.
Competitive Insights
Prominent key market players in the Artificial Intelligence (AI) Processor market include Apple Inc., Huawei Technologies Co., Ltd., MediaTek Inc., SAMSUNG, Qualcomm Technologies, Inc., Alphabet, and Intel Corporation among others. These companies hold a noteworthy share in the market on account of their good brand image and product offerings. Major players in the Artificial Intelligence (AI) Processor market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Artificial Intelligence (AI) Processor Market Analysis, By Processor Type
5.1. Introduction
5.2. GPU
5.3. ASIC
5.4. FPGA
5.5. Others
6. Artificial Intelligence (AI) Processor Market Analysis, By Technology
6.1. Introduction
6.2. System-On-Chip
6.3. Multi-Chip Module
6.4. System-In-Package
6.5. Others
7. Artificial Intelligence (AI) Processor Market Analysis, By Processing Type
7.1. Introduction
7.2. Cloud
7.3. Edge
8. Artificial Intelligence (AI) Processor Market Analysis, By Industry Vertical
8.1. Introduction
8.2. BFSI
8.3. IT and Telecom
8.4. Healthcare
8.5. Retail
8.6. Media and Entertainment
8.7. Others
9. Artificial Intelligence (AI) Processor Market Analysis, By Geography
9.1. Introduction
9.2. North America
9.3. South America
9.4. Europe
9.5. Middle East and Africa
9.6. Asia Pacific
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. Company Profiles
11.1. Apple Inc.
11.2. Huawei Technologies Co., Ltd.
11.3. MediaTek Inc.
11.4. SAMSUNG
11.5. Qualcomm Technologies, Inc.
11.6. Alphabet
11.7. Intel Corporation
11.8. NVIDIA Corporation
11.9. Advanced Micro Devices, Inc
11.10. IBM
11.11. LG Electronics
11.12. Graphcore
For more information about this report visit https://www.researchandmarkets.com/r/wimaa1
