The North America deep learning chip market accounted for US$ 900.1 Mn in 2018 and is expected to grow at a CAGR of 27.1% over the forecast period 2019–2027, to account for US$ 7836.4 Mn in 2027

New York, Feb. 18, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “North America Deep Learning Chip Market to 2027 – Regional Analysis and Forecasts by Chip Type ; Technology ; Industry Vertical” – https://www.reportlinker.com/p05862166/?utm_source=GNW
Further, the strong focus on the development of ASICs and application-specific custom/hybrid deep learning chips is anticipated to offer lucrative growth opportunities for the deep learning chip market. Presently, the major applications of deep learning chips are in the data center/cloud computing segment, and this trend is expected to continue during the forecast period. Also, majorly due to rising adoption of AI, evolving architectures of deep learning chips and increasing applications across various industry verticals. Owing to this growing trend, the companies are anticipated to produce high-quality service by adopting cloud-based artificial intelligence services. The artificial intelligence technology is complex and expensive to build in-house by any enterprise. Not every mid-size or to some extent even the large enterprise finds it feasible to invest in in-house artificial intelligence system, and hence most enterprises use data centers for their artificial intelligence applications. Each enterprise requires a specific artificial solution and using cloud service providers for these specific use cases are considered as the best business model for artificial intelligence technology providers. Hence, in the coming years, the adoption of cloud-based artificial intelligence solutions is expected to grow at an impressive rate during the forecast period from 2019 to 2027.
The deep learning chip market is fragmented in nature due to the presence of several industries, and the competitive dynamics in the market is anticipated to change during the coming years.In addition to this, various initiatives are undertaken by governmental bodies to accelerate the deep learning chip market further.Clare: clare@reportlinker.com
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