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The Europe Artificial Intelligence Chip Market would witness market growth of 52.5% CAGR during the forecast period (2017 - 2023). Artificial Intelligence is a fast-evolving technology and industry leaders are investing in the technology to gain higher market share within a competitive market space. The AI systems consist of software and also require high-end hardware functionality to support calculations.
Therefore, market participants are working on building custom chips, designed to support AI development. Artificial intelligence is positioned at the core of the next-generation software technologies during the forecast period. Fast paced developments in the making of human-like robots and rapid growth in the deployment of the technology in the developing regions have significantly influenced the overall market growth.
Innovative techniques are floated into the existing systems to provide customers with advanced and innovated product offerings. Based on Technology, the market report segments the market into FPGA, ASIC, CPU, and GPU. Based on Vertical, the market report segments the market into BFSI, Government, Retail & Ecommerce, Automotive, Media & Entertainment, and Others.
Based on Countries, the Artificial Intelligence Chip market segments the market into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the Artificial Intelligence Chip Market. Key companies profiled in the report include Google, Inc., Advanced Micro Devices, Inc., Intel Corporation, Nvidia Corporation, Baidu, Inc., Graphcore Ltd., Qualcomm Incorporated, Adapteva, Inc., Microsoft Corporation, and IBM Corporation.