Global Machine Learning Chip Market Trends

Posted by Harleen Kaur on April 20th, 2018

Global Machine Learning Chip Market Size:

Global Machine Learning Chip Market seems to get a market size of .9 billion by 2022, growing at a CAGR of 9% while the forecast time period. Machine learning chip is a type of multiprocessor system which enables the machines to reap human-like intelligence without using explicit programming. With the human-like intelligence, the chips are endowed with features such as learning, reasoning, and self-correction. Also, machine learning algorithms also use the feedback data to identify the layouts in the latest data and also accordingly modify program actions. The machine learning chips facilitate constantly improvement of computing via exposure to new scenarios, testing, and adaptation. With advancements in the technology, the machine learning chips could have a transformative effect on consumer products, defense applications, and others.

Global Machine Learning Chip Market Share:

The Global Machine learning chip is a multi-processor chip, which has the ability to learning, reason, and self-correction it is algorithm without being explicitly programed. All these integrated circuit chips can detect patterns in the new data and also adjust program actions accordingly. All these chips easily help to update the functions without any change in the hardware. Machine learning chips are widely implemented in programs just like robotics, healthcare, automotive, consumer electronics, and others owing to it is enhanced efficiency and durability.

Global Machine Learning Chip Market Growth:

An enhanced output, diversified software areas, and trending Artificial Intelligence have increased the price of adoption of machine learning chip in robotics, automotive, healthcare, as well as other sectors. Therefore, The Global Machine Learning Chip Market is predicted to witness moderate growth in the near future, owing to compact size and enhanced durability. However, lack of skilled workforce hampers the market-place development. Demand of Internet of Things and also increased requirement for automatic tools are supposed to provide lucrative chances to the market-place.

Global Machine Learning Chip Market Segmentation:

The Global Machine Learning Chip Market is segmented on the basis of type, application, and also geography. Based on packaging type, the industry is classified into GPU chip, neuromorphic chip, flash-based memory chip, and FPGA chip. Neuromorphic chip was the largest revenue contributor, as it is widely adopted in robotics industry, which is expected to maintain this trend during the forecast period of time, owing to an improved efficiency and durability.

Full Report:

Like it? Share it!

Harleen Kaur

About the Author

Harleen Kaur
Joined: March 14th, 2018
Articles Posted: 31

More by this author