Market Research Future (MRFR), in its recently published research report, asserts that the global mobile AI market 2020 is booming and expected to grow exponentially over the review period, recording a substantial market valuation of USD 10.28 billion and a healthy CAGR of 29% in the forecast period (2018-2023).
The top market players operating in the global market as identified by MRFR are NVIDIA (US), Apple Inc (US),Huawei (China), MediaTek (Taiwan), Amazon Inc (US), Samsung Electronics (South Korea),Qualcomm (US), IBM Corporation (US), Intel Corporation (US), Microsoft Corporation (US), and Google Inc (US),Graphcore (UK).
Flat 20% off on Single User PDF and Flat 30% off on Corporate user PDF
Get a FREE Report Sample with Complete TOC @ https://www.marketresearchfuture.com/sample_request/6779
Drivers and Restraints
The augmented demand for AI-Capable Processors in mobile devices is fueling the market as there are numerous applications which supports users in their day to day activites such as camera image benefits, voice assistants, language translator, and user behaviours. Apple iPhone X deploys an AI-based algorithm for its Face ID device unlocking system. integrated with Apple’s elaborate hardware, the AI system operates to identify the user’s face for security. Rise of cognitive computing and the increasing number of AI applications is encouraging the market. It is technologies like AI and ML that allows cognitive computing systems to analyze a tremendous volume of data and generate insights and adopt them as a learning experience to give improved results. More and more industries and establishments are leveraging rational solutions to improve their operations like data volume, action planning and management, insight generation, which increases productivity. Premium pricing of AI processors is impeding the market. AI platforms charges for training the models and for receiving predictions with the increased cost of the AI chip, which raises the cost of processors. With the advent of modern technologies such as smartphones, mobile apps, and IoT devices, operational tasks for organizations have become easier faster, and more effective than ever with the impact of AI.
- Market research and consulting firms
- Governments and financial institutions
- Original equipment manufacturers (OEMs)
- Research institutes
- Raw material and manufacturing equipment suppliers
- Forums, alliances, and associations
- Technology investors
- Analysts and strategic business planners
- End users willing to study the technological advancements in mobile AI industry
Global mobile AI market study aims at different segments such as mobile platform, vertical, and application.
By mobile platform, the mobile AI market is segmented into iOS, Android, and Windows.
By application, the mobile artificial intelligence market is segmented into navigation, virtual assistant, camera, drones, chatbots, and others.
By vertical, the market is segmented into finance, healthcare, education, media & entertainment, travel & tourism, and others.
The geographical analysis of the global market has been conducted in four major regions, including Europe, the Asia Pacific, North America, and the rest of the world (Latin America, and the Middle East and Africa). Asia-Pacific is anticipated to be the fastest expanding region for mobile AI market during the forecast period. China accounts for the major market share in this region for mobile artificial intelligence. The applications such as virtual assistant as well as chatbots show major growth potential in this market. AI start-ups in China are raising funds to produce the AI-processors, due to which it is slated to be the fastest growing region in the market.
North America is expected to dominate the market due to the presence of substantial number of key market players and companies in this region are producing the AI processors to bring built-in AI features to the smartphones. Europe is slated to rank second in terms of market growth in the mobile AI market owing to the growing government support for AI-startups. The rest of the world is projected to show relatively slow growth for mobile AI market. The Middle East is contributing with a major market share among the economies of the rest of the world, due to the rising AI-enabled smartphone penetration in this region which leads to the increasing deployment of mobile phones in enterprises to enhance the productivity and efficiency.
Early Diners Are Offered Free Customization- Up to 15% -20%
Browse Complete Report “Mobile AI Market Research Report – Global Forecast to 2023” @ https://www.marketresearchfuture.com/reports/mobile-ai-market-6779
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Mobile AI Market
5 Industry Overview Of Global Mobile AI Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
Ask for your specific company profile and country level customization on reports.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar