Artificial Intelligence (AI) Chip Market to Emerge in North America
The increase in data generation due to the increasing proliferation of digital services is boosting the growth of the AI chip market. The significant investments in AI chip start-ups are also anticipated to boost the market growth. Moreover, the adoption of cloud-based AI solutions is anticipated to propel artificial intelligence Chip market growth in the forecast period. Presently, the major applications of AI chip are in the data center/cloud computing segment, and this trend is anticipated to continue over the forecast period.
The North America Artificial Intelligence (AI) Chip Market is growing along with the Technology, Media and Telecommunications industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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The US dominated the AI Chip market in 2018 and is anticipated to continue the dominance in the market across the North American region through the forecast period. The US is a highly advanced country in North America and a country where investments in advanced technologies are very high. The US has deep integration of IoT based connected devices that generate a huge amount of digital data every second. Also, with tech giants like NVIDIA, Google, Apple present in the US and their focus on artificial intelligence R&D and deployment, US is expected to be the dominant leader in AI Chip market over the forecast period.
These factors are expected to offer broad growth opportunities in the Technology, Media and Telecommunications industry and this is expected to cause the demand for North America Artificial Intelligence (AI) Chip Market in the market.
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NORTH AMERICA AI CHIP MARKET SEGMENTATION
- Data Center
By Industry Vertical
- IT & Telecom
- Automotive & Transportation
- Media & Entertainment
AI Chip Market - Companies Mentioned
- 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.
- Xilinx, Inc.
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