DUBLIN--(BUSINESS WIRE)--The "Global Artificial Intelligence (AI) Chips Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The artificial intelligence (AI) chips market will register a CAGR of about 39% by 2023.
IoT technology offers several advantages including the ability to make decisions based on received data without the need for human intervention. This has led to increased adoption of IoT in industries such as automotive, aerospace and defense, healthcare, and consumer electronics. HMI technology is being integrated into devices such as drones, cameras, smartphones, smart TVs, and smart speakers. The deployment of AI chips in these devices will allow power efficient data processing and machine learning computation.
Also, the implementation of automation in homes and enterprises and increasing demand for smart cities are creating a demand for IoT devices. This has resulted in the development of hardware and software for integration of AI technology in IoT devices. This convergence of AI and IoT will be a key trend fueling the growth of artificial intelligence chips market.
There is a growing demand for IoT in several industries including automotive, consumer electronics, healthcare, and aerospace and defense. This will lead to the deployment of AI chips in IoT devices which in turn will drive market growth.
According to the report, one of the major drivers for this market is the increasing adoption of AI chips in data centers. This will result in improved efficiency and reduced power consumption for data centers thereby reducing operational costs for data center providers.
Further, the report states that one of the major factors hindering the growth of this market is the shortage of skilled personnel for AI chip development. This lack of experts in the AI field is hurting the growth prospects of the market during the forecast period.
Key Topics Covered:
01: Executive Summary
02: Scope Of The Report
03: Market Landscape
04: Market Sizing
05: Five Forces Analysis
06: Market Segmentation By Product
07: Customer Landscape
08: Customer Landscape
09: Geographic Landscape
10: Decision Framework
11: Drivers And Challenges
13: Vendor Landscape
14: Vendor Analysis
- Advanced Micro Devices
- Huawei Technologies
For more information about this report visit https://www.researchandmarkets.com/research/s88jr3/global_artificial?w=4