According to the recent study the artificial intelligence chip market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 37% to 39% from 2023 to 2028. Growth in this market is primarily driven by the increasing adoption of artificial intelligence in various industry verticals, growing deployment of AI due to large and complex datasets, rising adoption of deep learning, and growing implementation of AI in improving consumer service, and reducing operational cost.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in artificial intelligence chip market by chip type (GPU, ASIC, FPGA, CPU and others), hardware (processor, memory, and network), application (natural language processing, robotic process automation, computer vision, network security and others), technology (system-on-chip (SoC), system-in-package (SIP), multi-chip module and others), end use industry (media & advertising, BFSI (banking, financial services and insurance), IT & telecom, retail, manufacturing, healthcare, automotive & transportation, and cybersecurity), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Memory market is expected to remain the largest segment during the forecast period.”
Based on hardware, the artificial intelligence chip market is segmented into processor, memory, and network. Lucintel forecasts that the memory market is expected to remain the largest segment due to the growing development of high-bandwidth memory and huge deployed of AI hardwares in various end use industries, increasing challenges for storage of data administration, and a surge in exploration of high-bandwidth parallel file systems by start-ups.
“Within the artificial intelligence chip market, the healthcare segment is expected to remain the largest end use industry”
Based on end use industry the healthcare segment is expected to witness the highest growth over the forecast period due to a massive volume of data in medical hardwares, such as medical imaging, hospital management, patient care, precision medicine, and diagnostics, in which deployment of artificial intelligence has been accelerated. Also, the accuracy and efficient data management by AI has contributed to its growing demand in the healthcare segment
“North America will dominate the artificial intelligence chip market in near future”
North America will remain the largest region due to the enormous usage of AI based technology, increasing adoption of smart devices, and growing government investment for AI start-ups in the region.
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Major players of artificial intelligence chip market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. NVIDIA Corporation, Intel Corporation, Xilinx, Inc, Samsung Electronics Co., Ltd, Micron Technology, Inc, Qualcomm Technologies, Inc, and IBM are among the major artificial intelligence chip providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/artificial-intelligence-chip-market.aspx or [email protected]