Accelerating Growth: Unveiling the 26.4% CAGR Journey of the Artificial Intelligence (Chipset) Marke (Business Opportunities - Other Business Ads)
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Accelerating Growth: Unveiling the 26.4% CAGR Journey of the Artificial Intelligence (Chipset) Marke | |
The global artificial intelligence (chipsets) market has been estimated to be valued at US$ 21.6 billion in 2022 and is expected to reach US$ 27.6 billion in 2023. The market’s growth is predicted to be beneficial, with a CAGR of 26.4% projected from 2023 to 2033. Furthermore, the AI chipset market is expected to reach a valuation of US$ 287 billion by 2033. This growth in the artificial intelligence and computer hardware markets indicates the increasing demand for artificial intelligence chipset solutions in response to the rapidly changing global landscape. The utilization of artificial intelligence has been on the rise in recent years, and it is believed to have enormous potential in the development of smart devices. Its application has become more prevalent in various sectors of society and the economy, including finance, education, healthcare, logistics, and transportation, where it enables products and services to possess intelligent features for better functionality. The market’s progress is positively impacted by the rapid growth of data, which has, in turn, led to a need for high-speed processors. This demand for faster processing is being addressed by chipsets enabled for machine learning. Tech giants are investing in high-speed processor development due to the increasing popularity of computer vision and machine learning devices. A surge in the gaming industry and smart device users has boosted the growth of the artificial intelligence chips market. Gain expert insights and supercharge your growth strategies. Request our market overview sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-6960 The increase in smart metropolises, smart home projects, and a growing reliance on internet services worldwide further drive the market. However, the growth of the market may be limited by the high cost of AI chips and their complex algorithms. Growing urban populations and expanding urban areas prompt governments to seek innovative solutions for efficient city management. City infrastructure now integrates technology to optimize resource usage and enhance the quality of life for residents. Industrial automation, with its advantages in load capacity, speed, and safety, is gaining prominence across various business sectors. The pandemic has driven increased demand for home electronics and AI-powered smart devices. Ed-tech companies have also embraced AI for innovative teaching methods. AI technology is poised for further growth in the foreseeable future due to its pandemic-driven relevance. “The Artificial Intelligence (chipsets) Market continues to exhibit remarkable growth and innovation, with an ever-expanding application landscape, AI chipsets are driving the advancement of AI technologies across industries, fostering increased demand for high-performance hardware solutions and propelling the market to new heights, it is poised for substantial expansion as AI chipsets empower the development of cutting-edge AI applications and solutions.” -opines Sudip Saha, managing director at Future Market Insights (FMI) analyst. Key Takeaways from the Artificial Intelligence (chipsets) Market Report: The global artificial intelligence (chipsets) market is estimated to register a CAGR of 26.4% with a valuation of US$ 287 billion by 2033. The market captured a CAGR of 28.2% in the historical period between 2018 and 2022. Japan is anticipated to dominate the global market by registering a 28.2% CAGR during the forecast period. With a 28% CAGR, the United Kingdom is significantly driving the global market by 2033. South Korea is anticipated to secure a CAGR of 27.6% in the global market during the forecast period. Key Players and Strategies for Success in the Artificial Intelligence (chipsets) Market: The global AI chipset market features significant fragmentation, with key players employing strategies like M&A, partnerships, and contracts to innovate and offer advanced AI solutions. Leading Key Players: Intel Corporation Advanced Micro Devices Inc. Baidu Inc. Google Inc. Qualcomm Technologies Inc. NVIDIA AWS services ARM Grapgcore Mythic MediaTek Explore In-Depth Market Analysis: Purchase to Access Segment-specific Details, Uncover Crucial Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/6960 | |
| Target State: All States Target City : All Cities Last Update : Feb 22, 2024 9:27 AM Number of Views: 27 | Item Owner : Sudip Saha is the managing director and co-founder at Future Market Insights Contact Email: (None) Contact Phone: (None) |
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2024-05-20 (0.388 sec)