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Portland, Oregon, Feb. 21, 2019 (GLOBE NEWSWIRE) — Big Market Research recently published a report, titled, “Machine Learning Chip Market 2018-2025”. According to the report, the global machine learning chip market accounted for $2.43 billion in 2017 and is projected to garner $37.85 billion by 2025, registering a CAGR of 40.8% during the period 2018–2025.
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Rise in number of machine learning applications, emergence of quantum computing, and growing trend of artificial intelligence (AI) have boosted the growth of the machine learning market. However, dearth of skilled workforce and reluctance to use AI applications hamper the market growth. On the contrary, rise in demand for smart homes & smart cities, increasing efforts to make more human-like robot, and popularity of IoT across the globe are expected to create lucrative opportunities in the near future.
GPU Segment Held Largest Share
The GPU segment held the largest share in 2017, contributing about one-third of the total market. However, the ASIC segment is expected to manifest the fastest CAGR of 47.0% during the forecast period. The report also includes other segments such as FPGA, CPU, and others.
Multi-Chip Module Segment to Manifest Mastest Growth through 2025
The multi-chip module segment is projected to register the fastest CAGR of 44.9% during the forecast period. However, the System-on-Chip (SoC) segment dominated the market in terms of revenue in 2017, contributing more than half of the total market. The report also analysis of other segments such as System-in-package (SiP) and others (Package in Package, TSV).
BFSI Segment Dominates the Market
The BFSI segment held the largest share in 2017, contributing more than one-fifth of the market share. However, the automotive segment is estimated to portray the fastest growth, registering a CAGR of 45.6% during the forecast period. The report includes other segments such as media & advertising, IT & Telecom, retail, healthcare, automotive, and others.
Asia-Pacific Region to Portray Fastest CAGR by 2025
Asia-Pacific region is expected to manifest the fastest CAGR of 35.2% during the study period. However, the North America region held the largest share in 2017, contributing nearly two-fifths of the total market share. The report includes other regions such as Europe and Latin America, Middle East and Africa (LAMEA).
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Major Market Players
The report includes analysis of the major market players such as AMD (Advanced Micro Devices), Intel Corporation, NVIDIA, Bitmain Technologies, Amazon, Samsung, Google Inc., Baidu, Qualcomm, and Xilinx.
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