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Machine Learning Chip Market Expected to reach $37,849.8 Million by 2025

 

Report Code : A01725

quote In 2017, the GPU segment dominated the global machine learning chip market in terms of revenue, in the chip type category. However, the others segment is expected to grow at a highest CAGR during the forecast period. Based on technology, the system-on-chip segment is anticipated to dominate the market throughout the forecast period (2018–2025). Moreover, based on industry vertical, the BFSI segment dominates the overall machine learning chip market. The machine learning chip market signifies a promising future for the technological industry. The current business scenario has witnessed an increase in the adoption of this technology, particularly in the developing regions. The companies have been adopting innovative techniques to provide customers with advanced and innovated product offerings. quote

Akshay Jadhav
Lead Analyst, Semiconductor & Electronics at AMR

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According to a recent report published by Allied Market Research, titled, Machine Learning Chip Market by Chip type, Technology, and Industry vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global machine learning chip market was valued at $2,425.6 million in 2017, and is projected to reach $37,849.8 million by 2025, registering a CAGR of 40.8% from 2018 to 2025.

At present, North America dominates the market, followed by Europe. In 2017, the U.S. dominated the North America market, and the UK led the overall market in Europe. While, in Asia-Pacific, China currently dominates the market.

The trend in artificial intelligence (AI), use of machine learning in numerous applications and emergence of quantum computing are the factors which increase the demand for machine learning chip market. In addition, the development of autonomous robots that can control themselves without human intervention is anticipated to provide potential growth opportunities for the market. However, dearth of skilled workforce and AI phobia are the major restraints of the market. Moreover, increase in demand for smart homes & cities, rise in efforts to make more human-like robots and popularity of IoT across the globe are expected to create tremendous opportunities for the market expansion.

Key Findings of the Machine Learning Chip Market:

  • Based on chip type, the GPU segment dominated the global machine learning chip market in 2017. However, the ASIC segment is anticipated to overtake the GPU segment in future, in terms of revenue.
  • North America held the major market share in 2017.
  • Based on industry vertical, the BFSI segment dominated the global machine learning chip market in 2017. However, the others segment is expected to grow at the highest CAGR during the forecast period.
  • Asia Pacific is anticipated to exhibit the highest CAGR during the forecast period.

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quote Machine Learning Chip Market by Chip Type (GPU, ASIC, FPGA, CPU, and Others), Technology (System-on-chip, System-in-package, Multi-chip module, and Others), and Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2025 quote

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