NEW YORK, June 28, 2021 /PRNewswire/ — The artificial intelligence (AI) chips market is expected to grow by USD 73.49 billion at over 51% CAGR during 2021-2025, according to the latest market research report by Technavio. The report provides a detailed analysis of the market by analyzing the impact of the COVID-19 pandemic on businesses.
According to Technavio, the COVID-19 pandemic will have a positive impact on the growth of the artificial intelligence (AI) chips market. The report expects the market value to increase in 2021 as compared to 2020.
Many businesses currently are going through response, recovery, and renewal phases. With the continuing spread of the novel coronavirus pandemic, organizations worldwide are focusing on flattening their recessionary curve by leveraging technology. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Global Artificial Intelligence (AI) Market – Global artificial intelligence market is segmented by end-user (retail, banking, manufacturing, healthcare, and others) and geography (North America, Europe, APAC, South America, and MEA).
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Major Three Artificial Intelligence (AI) Chips Market Participants:
Alphabet Inc.: The company offers Cloud Tensor Processing Units that accelerate the performance of linear algebra computation, which is used heavily in machine learning applications.
Broadcom Inc.: The company offers Artificial Intelligence through Operational Intelligence, CA Mainframe Resource Intelligence, CA Mainframe Operational Intelligence, Automic Automation Intelligence, and others.
Intel Corp .: The company offers Intel AI Hardware that excels at training massive, unstructured data sets, to extremely low power silicon for on-device inference, Intel AI supports cloud service providers, enterprises, and research teams with a portfolio of multi-purpose, purpose-built, customizable, and application-specific hardware that turn models into reality.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get a report snapshot here for a detailed market share analysis of market participants during COVID-19 lockdown:
Artificial Intelligence (AI) Chips Market 2021-2025: Segmentation
Artificial intelligence (AI) chips market is segmented as below:
- North America
- South America
The artificial intelligence (AI) chips market is driven by the increasing adoption of AI chips in data centers. In addition, the convergence of AI and IoT and advances in the quantum computing market are expected to trigger the artificial intelligence (AI) chips market toward witnessing a CAGR of over 51% during the forecast period.
Get more insights about the global trends impacting the future of artificial intelligence (ai) chips market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR41328
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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 17,000 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.
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