The latest research study “Machine Learning Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global machine learning chip market reached a value of US$ 5.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 33.02 Billion by 2027 exhibiting a CAGR of 31.20% during 2022-2027.
A machine learning (ML) chip is a multiprocessor system that is a part of artificial intelligence (AI), comprising three components such as computing, networking, and storage. They are equipped with reasoning, learning, error-preventing, cost-saving, and self-correction characteristics that help enhance intellectual property cores, improve design and tool flows, and. They also assist in automating the routing and tuning of devices to improve the power, performance, and area (PPA) results through ML optimization and analytics. As a result, ML chips are widely adopted in the media and advertising, transportation, telecom, manufacturing, and automotive sectors.
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Machine Learning Chip Market Trends:
The market is primarily driven by the rising demand for machine learning (ML) chips in various industrial verticals such as information and technology (IT), retail, healthcare, banking, financial services, and insurance sectors. Some standard ML chips include graphics processing units (GPUs), central processing units (CPU), application-specific integrated circuits (ASICs), and field-programmable gate arrays (FPGAs). In addition, the increasing number of machine-learning applications and surging demand for smart homes are contributing to market growth.
Moreover, the advent of the Internet of Things (IoT) and the increasing number of cyber-attacks is encouraging businesses to deploy fraud detection systems, cybersecurity, and database management, representing another major growth-inducing factor. Besides this, the expanding gaming sector is accelerating the demand for graphics processing units (GPUs) to handle multiple complex tasks, which is providing a positive thrust to the market growth. Furthermore, the development of smart infrastructure in corporate environments and extensive research and development (R&D) activities conducted by key players are creating a favorable market outlook.
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Machine Learning Chip Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Advanced Micro Devices Inc.
- Amazon Web Services Inc. (Amazon.com Inc.)
- Intel Corporation
- International Business Machines Corporation
- NVIDIA Corporation
- Cerebras Inc.
- Google LLC
- Graphcore
- Qualcomm Incorporated
- Samsung Electronics Co. Ltd.
- Taiwan Semiconductor Manufacturing Company Limited
Key Market Segmentation:
The report has segmented the market on the basis of technology, chip type, industry vertical and region.
Breakup by Technology:
- System-on-Chip (SoC)
- System-in-Package
- Multi-chip Module
- Others
Breakup by Chip Type:
- GPU
- ASIC
- FPGA
- CPU
- Others
Breakup by Industry Vertical:
- BFSI
- IT and Telecom
- Media and Advertising
- Retail
- Healthcare
- Automotive
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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