Global Artificial Intelligence (AI) Chipsets Market: Factors Helping to Maintain Strong Position Globally 2020-2026

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Artificial Intelligence (AI) Chipsets Market
Experts Anticipate Market Boom in 2026
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Industry Overview

• Accordingly, to Global Market Insights research
  report Artificial Intelligence (AI) chipsets
  market is poised for robust growth on the back of
  increasing penetration of e-commerce platforms
  that generate enormous amounts of data. The need
  for high-speed processors has prevailed owing to
  a surge in vital user information and data. This
  has led to the requirement of AI chipsets across
  various industries. Rise in number of smartphone
  users have also stimulated AI chipsets demand.
• From consumer electronics, BFSI, IT Telecom,
  healthcare, media advertising to retail, AI
  chipsets are playing a pivotal role in enhancing
  customer experience. In the BFSI sector,
  financial service companies are leveraging AI
  technology to reduce lending risks by improving
  fraud detection and profiling applicants.
• They are focusing on renovating their IT
  infrastructure to get an advantage over
  competitors. Moreover, in a bid to achieve
  operational excellence, exceptional customer
  service, agility, and security, the BFSI industry
  is actively leveraging AI, creating lucrative
  growth opportunities for AI chipset manufacturers.

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• A study conducted by Global Market Insights,
  Inc., predicts that the global artificial
  intelligence (AI) chipsets market may surpass USD
  70 billion by 2026.
• Artificial Intelligence (AI) chipsets market is
  expected to emerge as a promising technology for
  smart homes and enterprises. Several companies
  are leveraging AI and ML chipsets to offer user
  with exceptional features and experiences. Citing
  an instance, in May 2019, LG introduced
  cutting-edge AI chips for consumer electronics to
  improve user experience.
• Robotic Process Automation (RPA) with Artificial
  Intelligence (AI) chipsets market is meanwhile
  being implemented across autonomous robots, IQ
  Bots and facial analysis system. Companies
  worldwide are adopting RPA technology and AI
  chipsets for developing autonomous robots.
• For example, in March 2020, UVD Robots
  manufactured robots with a powerful shot
  wavelength UV -C. for being deployed in Chinese
  hospitals to disinfect patient rooms and
  operation theatres during the COVID-19 pandemic.
• Elaborating on the product segment,
  Field-Programmable Gate Array (FPGA) chipsets are
  extensively used in numerous applications due to
  its high performance, low power requirement, and
  improved connectivity feature.

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Growth Drivers

• Growth of AI inferencing hardware in data centers
• Rising adoption of cloud-based services in
  education
• Increasing product developments by AI chip
  manufacturers investment in startups
• Increasing integration of AI in smartphone
  smart wearable devices
• Growing industrial automation in developing
  regions
• Increasing development in autonomous technology
  in vehicles
• Emergence of quantum computing

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• Key Player in Artificial Intelligence (AI)
  chipsets market are Advanced Micro Devices,
  Baidu Inc., Broadcom Limited, Google, IBM, Intel
  Corporation, MediaTek Inc., Micron Technology,
  Microsoft, NVIDIA Corporation, Qualcomm
  Technologies, Samsung Electronics, SK HYNIX INC.,
  Softbank Group, Toshiba Corporation, Xilinx AI
  Chipsets start-ups Adapteva Inc., AIBrain Inc,
  AImotive, BitMain Technologies Holding Company,
  Cambricon, Graphcore Ltd., Groq Inc., Gyrfalcon
  Technology Inc., Horizon Robotics, Huawei Service
  (Hong Kong) Co. Limited, Mythic Inc., ThinkForce

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