Portland, OR, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Allied Market Research recently published a report, titled, “Artificial Intelligence Chip Market by Chip Type (GPU, ASIC, FPGA, CPU, and others), Application (Machine Learning, Natural Language Processing (NLP), Robotic Process Automation, Speech Recognition, and Others), Technology (System-on-Chip, System-in-Package, Multi-chip Module, and Others), Processing type (Edge and Cloud), and Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025”. According to the report, the global artificial intelligence chip market accounted for $4.51 billion and is projected to manifest $91.19 billion by 2025, registering a CAGR of 45.4% from 2018 to 2025.
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The global AI chip market is segmented into chip type, application, technology, processing type, industry, and region. Based on chip type, the market is divided into GPU, ASIC, FPGA, CPU, and others. The GPU segment held the largest share in 2017, contributing for about one-third of the total market share. However, the ASIC segment is projected to manifest the fastest CAGR of 51.9% during the forecast period.
Based on application, the market is classified into machine learning, natural language processing (NLP), robotic process automation, speech recognition, and others. The machine learning segment dominated the market share in 2017 in terms of revenue, accounting for 53% of the total revenue. However, the speech recognition segment is expected to portray the fastest CAGR of 55.6% during the forecast period.
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Base on technology, the market is categorized into system-on-chip, system-in-package, multi-chip module, and others. The system-on-chip (SoC) segment held the largest share in 2017, contributing for about 58.3% of the total market share. However, the multi-chip module segment is projected to manifest the fastest CAGR of 49.7% by 2025.
The profiles of the major operating players, such as AMD (Advanced Micro Devices), Intel Corporation, Baidu, Qualcomm, UC-Davis, Google, Inc., NVIDIA, Graphcore, Adapteva, and Mythic are included in the report.