Deep Learning Chip Market is expected to grow US$ 21.31 Billion at a Robust CAGR of 30.0% during 2019-2027

The global deep learning chip market accounted to US$ 2.04 Billion in 2018 and is expected to grow at a CAGR of 30.0% during the forecast period 2019 - 2027, to account to US$ 21.31 Billion by 2027.

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North America leads the global deep learning chip market, and it is anticipated to be the highest revenue contributor throughout the forecast period. Deep learning chip development is backed by large-scale investment from technological giants to develop patterns from a huge amount of generated data. The rise of quantum computing and the implementation of deep learning chips in robotics is driving the growth of the deep learning chip market in the North American countries.

Market Insights

The prominence of Quantum Computing contribute to the deep learning chip market growth

Quantum computing takes seconds to finish a calculation that would otherwise take more time. Quantum computers are an innovative transformation of artificial intelligence, machine learning, and big data. Therefore, the prominence of quantum computing is expected to drive the growth of the deep learning chip market. Furthermore, quantum computing is beneficial for various factors including, portfolio optimization, fraud detection, and risk management, and the areas where immediate data feedback is required. Thus, it is easier for a single processor to perform complex calculations in seconds. Additionally, with the internet's scale and size, deep learning helps to maintain large data sets at a very low cost. Hence, these factors expected to boost the growth of the global deep learning chip market.

Real-time consumer behavior insights and increased operational efficiency to propel the overall growth of deep learning chip market

The nature of business is becoming very competitive and to compete efficiently, enterprises nowadays relying on useful information and business analytics. Traditionally, business analytical tools were used to project sales from the data about events that were a week or month old. With the advent of artificial intelligence technology which learns in real-time and provides recommendations based on patterns, businesses have a tremendous opportunity to apply deep learning in various processes to better understand the business environment and customers.

Considering these factors, artificial intelligence enables businesses to improve operational efficiency, lower operating costs, enhance service quality and customer experience.

Chip Type Insights

Graphic Processing Units (GPUs) held the major deep learning chip market share in 2018, whereas Application-Specific Integrated Circuits (ASICs) is expected to be the fastest-growing segment during the forecast period. Owing to the factor that ASICs are very specific and less flexible but they are one of the highest performing hardware options available for artificial intelligence applications.

Technology Insights

The deep learning chipsets include system-on-chip, system-in-package, multi-chip module, and others, and other chipsets. The system-on-chip segment held the major deep learning chip market share in 2018, as it helps in reducing energy waste, space occupied by the large systems, and costs.

Industry Vertical Insights

The global deep learning chip market is categorized into BFSI, Retail, IT & Telecom, Automotive & Transportation, Healthcare, Media & Entertainment, and Others. BFSI held the major market share in the deep learning chip market, whereas healthcare is expected to be the fastest-growing segment in the market. The factors such as lessening the operational cost, adapting to changing compliances and regulations, focusing on core business, and integrating automation in business processes are other major factors that are fueling the growth BFSI segment in the deep learning chip market

Leading Deep Learning Chip Market Players:

o Advanced Micro Devices, Inc.
o Alphabet Inc. (Google)
o Amazon, Inc.
o Baidu, Inc.
o Huawei Technologies Co., Ltd
o Intel Corporation
o NVIDIA Corporation
o Qualcomm Incorporated
o Samsung Electronics Co., Ltd.
o Xilinx, Inc.

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Key Elements that the report acknowledges:

o Market size and growth rate during forecast period.
o Key factors driving the Deep Learning Chip Market.
o Key market trends cracking up the growth of the Deep Learning Chip Market.
o Challenges to market growth.
o Key vendors of Deep Learning Chip Market.
o Detailed SWOT analysis.
o Opportunities and threats faces by the existing vendors in Global Deep Learning Chip Market.
o Trending factors influencing the market in the geographical regions.

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This release was published on openPR.