3chicgeeks

Artificial Intelligence Hardware Market Size 2020 Top Manufacturers, Industry Share, Regional Analysis, Types and Applications and Forecasts to 2027

The MarketWatch News Department was not involved in the creation of this content.

Dec 11, 2020 (Market Insight Reports) —
Selbyville, Delaware Global Artificial Intelligence (AI) Hardware Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2027. Artificial Intelligence (AI) Hardware Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Artificial Intelligence (AI) Hardware market and provides information regarding the revenue for the period 2020 to 2027.

Global Artificial Intelligence (AI) Hardware Market is valued at approximately USD 9.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 37.5% over the forecast period 2020-2027. Artificial intelligence (AI) has been one of the most appealing technology in recent years. Artificial intelligence, is the simulation of human intelligence processes by machines, especially computer systems. This form of technology can be implemented in distinct hardware as well as software. Usually, artificial intelligence (AI) hardware reduces the need for developing ideal hardware to stimulate the demand for artificial intelligence applications.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/2854732/?utm_source=Marketwatch.com&utm_medium=AN

The AI hardware has three major parts, including computer, storage, and networking. Since the last few years, the computer has made the most substantial progress. The other two areas (i.e. storage and networking) are not as advanced yet to see the breakthrough concerning AI applications. Furthermore, the rise in demand for big data and analytics, technological development in AI hardware, along with the high adoption of AI hardware in banking and IT & Telecom are the few factors responsible for the CAGR of the market during the forecast period. For instance, as per the New Vantage Partners, the number of firms investing more than USD 500 million annually in big data has grown from 12.7% in 2018 to 21.1% in 2019. Also, , according to the Worldwide Semiannual Big Data and Analytics Spending Guide released by International Data Corporation (IDC), businesses are spending USD 187 billion on big data and analytics in 2019.. This, in turn, is expected to strengthen the market growth all over the world. Although, the recent outbreak of the COVID-19 crisis has led to rise in utility & adoption for Artificial Intelligence (AI) Hardware, as they help in screening, tracking, and predicting the current and future patients with novel coronavirus infections. Therefore, this factor can create lucrative opportunities for the global AI hardware market in the forthcoming years. However, the limited availability of expertise and R&D activities are the major factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Artificial Intelligence (AI) Hardware market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of artificial intelligence technology, and the large presence of a new technology-based solution vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising investment for deploying AI technology in different end-use industries, coupled with a growing demand for big data and analytics would create lucrative growth prospects for the Artificial Intelligence (AI) Hardware market across the Asia-Pacific region.

Major market player included in this report are:

Advanced Micro Devices, Inc.

Huawei Technologies Co., Ltd.

International Business Machines (IBM) Corp.

Intel Corp.

MediaTek Inc.

Nvidia Corporation

Qualcomm Inc.

Samsung Electronics Co., Ltd.

Xilinx Inc.

Rockwell Automation, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

Machine Learning

Computer Vision

Natural Language Processing

Expert Systems

By Computation Type:

Central Processing Unit (CPU)

Graphics Processing Unit (GPU)

Application-Specific Integrated Circuits (ASICs)

Others

By End-User:

Banking, Financial Services and Insurance (BFSI)

IT and Telecom

Healthcare

Automotive

Aerospace and defense

Retail

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

For More Details on this Report At: https://www.marketstudyreport.com/reports/global-artificial-intelligence-ai-hardware-market-size-research?utm_source=Marketwatch.com&utm_medium=AN

About Us:

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

COMTEX_375913598/2599/2020-12-11T00:02:23

Is there a problem with this press release? Contact the source provider Comtex at [email protected] You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article