Machine Learning Chip Market is expected to rise at annual rate of 40.60% and is anticipated to reach USD 72.45 billion by 2027 with the factors such as dearth of skilled workforce along with phobia associated to artificial intelligence will act as restraints and may hinder the growth of the market in the forecast period of 2020 to 2027.
To overcome such hindrances, factors as growing smart cities and smart homes, acceptance of internet of things across the globe and technological development will create new and ample opportunities for the market to grow in the above mentioned forecast period.
According to Data Bridge Market Research, the market of machine learning chip is witnessing growth in terms of its adoption due to, increasing applications of machine learning in numerous industries and the introduction of quantum computing. The adoption of artificial intelligence globally is also likely to enhance the growth of the market in the forecast period of 2020 to 2027.
Now the question is which are the other regions that machine learning chip market is targeting? Data Bridge Market Research has forecasted large growth in Europe in the forecast period of 2020-2027 owing to the espousal of advanced technology. On the contrary, North America is seen to dominate the machine learning chip market due to the presence of majority of manufacturers.
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Machine learning chip market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of machine learning chip companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-machine-learning-chip-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Machine Learning Chip Market – Industry Trends and Forecast to 2027