Artificial Intelligence chips market to grow by $54.03 billion

June 11, 2020
Artificial Intelligence chips market to grow by $54.03 billion

Artificial Intelligence chips market to grow by $54.03 billion during 2020-2024 as per report by Technavio. The report titled “Artificial Intelligence Chips Market by Product and Geography – Forecast and Analysis 2020-2024” published by Technavio said that artificial intelligence chips market size has the potential to grow by USD 54.03 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

The report consisting of 120 pages provides a detailed analysis of the market by product (GPUs, ASICs, CPUs, and FPGAs) and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Advanced Micro Devices Inc., Alphabet Inc., Apple Inc., Huawei Technologies Co. Ltd, International Business Machines Corp., Intel Corp., Microsoft Corp., NVIDIA Corp., Qualcomm Inc., and Samsung Electronics Co. Ltd.

Artificial Intelligence chips market to grow by $54.03 billion

The key highlights of the report are:

  • Artificial Intelligence chips market size has the potential to grow by USD 54.03 billion during 2020-2024
  • The year-over-year growth rate for 2020 is estimated at 27.80%
  • Market growth will accelerate at a CAGR of over 42%
  • 37% of the market’s growth will originate from North America 

What you will find in the report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive artificial intelligence chips market growth during the next five years
  • Precise estimation of the artificial intelligence chips market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the artificial intelligence chips market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of artificial intelligence chips market vendors

Read about the summary of report Artificial Intelligence Chips Market by Product and Geography – Forecast and Analysis 2020-2024 at Technavio

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