Artificial Intelligence (AI) Chipset Market is Expected to Reach ~US$ 61.76 Bn by year 2027

Description
The global artificial intelligence (AI) chipset market size is expected to be USD 8.6 billion in 2021 and reach USD 61.76 billion in 2027, registering a CAGR of 38.90% during the forecast period 2021-2027. Specialized silicon chips are artificial intelligence (AI) chips that implement AI technologies are used for machine learning. The global market for artificial intelligence chips is segmented according to chip size, application, vertical industry, technology, processing type, and location.

Across several verticals of business, AI helps reduce or mitigate the danger to human life. Due to the growing data volume, the need for more effective systems to solve mathematical and computational problems is becoming critical. Therefore, most of the IT industry’s leading players have focused on designing AI chips and applications. Besides, the emergence of quantum computing and increased implementation of AI chips in robotics is driving the global market’s growth for artificial intelligence chips. However, autonomous robotics robots that create and operate autonomously are expected to emerge to provide potential growth opportunities for the market.

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Global Artificial Intelligence (AI) Chipset Market Dynamics
Increased large and complex dataset drives AI requirements. Also, the need for autonomous decision-making systems has increased by converging data from various sectors, such as healthcare, banking, law, investment management, security, advertising, equity trading, defense, and financial services. Moreover, due to technological developments such as IoT and industrial initiatives such as Industry 4.0, the growing number of devices or nodes has accelerated data generation. Continuous growth in the number of Internet users worldwide is expected to further increase the overall IoT market due to developments in smart devices such as radio