Allied Market Research’s report, “Machine Learning Chip Market by Type and Application - Global Opportunity Analysis and Industry Forecast, 2014 – 2022”, indicates the global machine learning chip market was worth $2.4 billion in 2017 and is projected to reach $37.8 billion in 2025, registering a CAGR of 40.8% from 2017 to 2025. The researchers say the rise in adoption of machine learning chips across various industries is due to optimized productivity, diversified applications, and the use of artificial intelligence (AI). However, lack of skilled workforce poses a key threat to market growth. In contrast, growing popularity of Internet of Things (IoT) and increased demand for automated devices would offer lucrative growth opportunities.
- The study identifies various types of machine learning chips available: GPU chip, ASIC, FPGA chip, CPU, and others. The GPU chip segment was the largest contributor to the global market in 2017, accounting nearly one-third share of the total revenue. The ASIC segment is expected to attain the leading position by 2025, growing at 21.33% CAGR from 2018 to 2025.
- The report discuses technologies such as system-on-chip (SoC), system-in-package (SIP), multi-chip module, and others. The system-on-chip segment is likely to account for nearly half of the total market revenue by 2025.
- The report presents a country-level, cross-sectional analysis of the machine learning chip types and technology segments across North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA). As per the study, the North American region currently dominates the global market, while Asia-Pacific is expected to grow fastest at a CAGR of 21% through 2025.
- The leading players providing solutions in the global machine learning chip industry include Advanced Micro Devices, Inc., Google Inc., Graphcore, Intel Corporation, International Business Machines (IBM) Corporation, Nvidia Corporation, Qualcomm Technologies, Inc., Taiwan Semiconductor Manufacturing Company Ltd., Wave Computing, and XILINX Inc. Other major players in the market include BigML, Inc., FICO. Hewlett-Packard Enterprise Development LP, and Microsoft Corporation.
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