Global Artificial Intelligence Market (2020 to 2026) – Bringing AI to Edge Devices Presents …

Global Artificial Intelligence Market (2020 to 2026) – Bringing AI to Edge Devices Presents …

"Artificial Intelligence (Chipsets) Market by Technology (Machine learning, Natural Language Processing, Context Aware Computing, Computer Vision), Hardware (Processor, Memory, Network), End-User Industry, and Region – Global Forecast to 2026" report has been added to ResearchAndMarkets.com’s offering.” data-reactid=”12″>Dublin, Oct. 13, 2020 (GLOBE NEWSWIRE) — The “Artificial Intelligence (Chipsets) Market by Technology (Machine learning, Natural Language Processing, Context Aware Computing, Computer Vision), Hardware (Processor, Memory, Network), End-User Industry, and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The AI (chipsets) market is expected to be valued at USD 7.3 billion in 2020 and is likely to reach USD 57.8 billion by 2026, at a CAGR of 40.1% during the forecast period.

Major drivers for the market are increasingly large and complex datasets driving the need for AI, the adoption of AI for improving consumer services & reducing operational costs, the growing number of AI applications, the improving computing power, and growing adoption of deep learning and neural networks.

The major restraint for the market is the lack of a skilled workforce. Critical challenges facing the AI (chipsets) market include low return on investment, creating models & mechanisms for AI, and the availability of limited structured training data. Underlying opportunities in the AI (chipsets) market include increasing focus on developing human-aware AI systems and bringing AI to edge devices.

Machine learning’s ability to collect & handle big data & its applications in real-time speech translation, autonomous robots, and facial analysis are fuelling its growth. AI constitutes various technologies that play a vital role in developing its ecosystem. As AI enables machines to perform activities similar to those performed by human beings, enormous market opportunities have opened up.

The predictive maintenance and machinery inspection application held the largest share among the manufacturing applications of the AI (chipsets) market in 2019. Extensive use of computer vision cameras in machinery inspection, adoption of the Industrial Internet of Things (IIoT), and use of big data in the manufacturing industry are the factors driving the growth of the predictive maintenance and machinery inspection application. The increasing demand for reducing the operational costs and machine downtime is also supplementing the growth of predictive maintenance and machinery inspection application in industries.

AI is significantly used in antivirus and anti-malware solutions owing to the rise in cybersecurity attacks across the world. Increasing use of mobile devices for a wide range of applications, such as social networking, e-mails, remote monitoring, phone banking, and data storage, opens doors for hackers to attack, thereby making networks more vulnerable to risks. The rapid adoption of cloud-based services, along with the user-friendly approach of antivirus/anti-malware solutions, is contributing to the growth of this end-user industry of the AI (chipsets) market.

https://www.researchandmarkets.com/r/9gwt3w” data-reactid=”33″>For more information about this report visit https://www.researchandmarkets.com/r/9gwt3w

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Published at Tue, 13 Oct 2020 12:00:00 +0000

Biomanufacturers Need to Focus on Data before Intelligence


Biomanufacturers Need to Focus on Data before Intelligence































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Published at Tue, 13 Oct 2020 12:00:00 +0000

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