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The Global Machine Learning Chip Market Size is expected to attain a market size of $7.9 billion by 2022, rising at a CAGR of 9% during the forecast period.
Machine learning chip is a kind of multiprocessor system which enables the machines to gain human-like intelligence without the need of explicit programming. With the human-like intelligence, the chips are endowed with features such as learning, reasoning, and self-correction. Additionally, machine learning algorithms also use the feedback data to identify the patterns in the new data and accordingly adjust program actions. The machine learning chips facilitate continuous development of computing through exposure to new scenarios, testing, and adaptation. With advancements in the technology, the machine learning chips would have a transformative effect on consumer products, defense applications, and others. Huge amount of complex data, growth in portable electronic market, and rapid growth in the adoption of Internet of Things (IoT) are the major factors that drive the global machine learning chip market. Nevertheless, significantly high implementation cost and limited level of accuracy are some of the factors that restrict the market growth. Introduction of automated appliances in consumer electronics and automotive segments would drive the market with fresh opportunities to explore.
The global machine learning chip market is segmented based on type, application, and geography. Based on type, the market is segmented into GPU chip, neuromorphic chip, flash based chip, and FPGA chip. Based on the applications the market is segmented into consumer electronics, automotive, healthcare, robotics, and others. Based on region, Machine Learning Chip market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. North America remained the dominant region in the global Machine Learning Chip market in 2015. Asia-Pacific would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Machine Learning Chip market. Key companies profiled in the report include Wave Computing, Graphcore Ltd., Google Inc, Intel Corporation, IBM Corporation, Nvidia Corporation, Qualcomm Inc., and Taiwan Semiconductor Manufacturing Company Ltd.