Asia Pacific Is Considered as the Growth Engine for AI

Artificial Intelligence Chip Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Artificial Intelligence Chip Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Artificial Intelligence Chip Market revenue by understanding the strategic growth approaches.

The major players operating in the artificial intelligence chip market include Advanced Micro Devices, Inc., Alphabet Inc. (Google), Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Micron Technology, Inc., NVIDIA Corporation, Qualcomm Incorporated, Samsung Electronics Co., Ltd, and Xilinx, Inc. among others.

Artificial intelligence (AI) is defined as the ability of machines to acquire and apply knowledge to perform intelligent tasks. This process includes a variety of cognitive functions including sensing, processing oral language, reasoning, learning and making decisions. The AI intelligent systems use big data analytics, cloud computing, machine-to-machine communication and the Internet of Things (IoT) to operate, learn and perform. The increasing proliferation of artificial intelligence applications in various industries ranging from BFSI to media & entertainment is pushing the government and companies worldwide to focus and invest in artificial intelligence. Over the past few years, the use cases of Machine Learning (ML), Natural Language Processing (NLP), Expert Systems, Automated Speech Recognition, AI Planning, and Computer Vision application of AI have been growing at an exponential rate.

Artificial intelligence market landscape has been evolving rapidly to incorporate complex hybrid ecosystem of personal computers, mobile devices, laptops, servers, and virtual endpoints. Owing to this transformation, the organizations and governments across the globe are showcasing a keen interest in artificial intelligence solutions. Furthermore, the widespread implementation of IoT across the world is complementing the growth of artificial intelligence chip market.

The Asia Pacific is considered as the growth engine of global economy with countries like China, India, Japan, and others. Many enterprises in the APAC region have started developing and updating their data scientist team to overcome the artificial intelligence implementation challenges in the coming years. Enterprises in the APAC region aim at renewing innovation in the realm of artificial intelligence by leveraging big data. Artificial intelligence has the capability to bridge the gaps associated with traditional software and services and to boost confidence among Asia-Pacific enterprises. Enterprises are turning towards artificial intelligence based big data analytics to gain deeper insights about their customers and increase operational efficiency. In the Asia-Pacific region, both government as well as the private sector, are playing an important role in the development and adoption of artificial intelligence technology across the region.