Machine Learning Chip Market

Machine Learning Chip Market Size, Trends, Industry Share And Growth 2022-2027

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.

Machine Learning Chip Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

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. ( Inc.)
  • Cerebras Inc.
  • International Business Machines Corporation
  • NVIDIA Corporation
  • Qualcomm Incorporated
  • Google LLC
  • Graphcore
  • Intel Corporation
  • 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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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

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.

About Us:

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.

Media Contact:

Company Name: IMARC Group
Contact Person: Elena Anderson
Phone: +1-631-791-1145
Address: 134 N 4th St.
City: Brooklyn
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Country: United States

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