The global Artificial Intelligence Chip Market was valued at US$ 5,658.1 Mn in 2018 and is expected to reach US$ 83,252.7 Mn by 2027 with a CAGR growth rate of 35.0% in the forecast period from 2019 to 2027.
In last few years, Artificial intelligence and its applications such as Machine Learning (ML), Natural Language Processing (NLP), Expert Systems, Automated Speech Recognition, AI Planning, and Computer Vision have gained considerable traction in terms of both R&D and use cases across the globe. Various industry verticals have implemented AI technology for numerous use cases to utilize real-time analytics with self-learning technology in order to gain useful business insights. The Artificial Intelligence chip market has enormous potential in industries such as Retail, BFSI, Automotive, IT and Telecom among many others.
