Connect with us

Technology

Artificial Intelligence (AI) Chips Market size is set to grow by USD 389.25 billion from 2024-2028, Increasing adoption of AI chips in data centers to boost the market growth, Technavio

Published

9 months ago

on

NEW YORK, July 9, 2024 /PRNewswire/ — The global artificial intelligence (AI) chips market is estimated to grow by USD 389.25 billion from 2024-2028, at a CAGR of over 68.13%, according to Technavio. Increasing adoption of AI chips in data centers and the convergence of AI and IoT are driving market growth. However, a dearth of technically skilled workers poses a challenge. Key players include Advanced Micro Devices Inc., Alphabet Inc., Baidu Inc., Broadcom Inc., Cerebras, Fujitsu Ltd., Graphcore Ltd., Huawei Technologies Co. Ltd., Intel Corp., and NVIDIA Corp., the leader in the AI chip market.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (ASICs, GPUs, CPUs, and FPGAs), End-user (Media and advertising, BFSI, IT and telecommunication, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Advanced Micro Devices Inc., Alphabet Inc., Baidu Inc., Broadcom Inc., Cerebras, Fujitsu Ltd., Graphcore Ltd., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., MediaTek Inc., Microchip Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., SambaNova Systems Inc., Samsung Electronics Co. Ltd., SenseTime Group Inc., Taiwan Semiconductor Manufacturing Co. Ltd., and Tesla Inc.

Key Market Trends Fueling Growth

The Internet of Things (IoT) market is experiencing significant growth due to the numerous advantages it offers in various industries, including aerospace and defense, automotive, consumer electronics, healthcare, and others. IoT devices, which include cameras, drones, smart speakers, smartphones, smart TVs, and more, are increasingly integrating Human-Machine Interface (HMI) technologies. This integration leads to the deployment of Artificial Intelligence (AI) chips in IoT devices, enabling power-efficient data processing and machine learning computation. The demand for IoT devices is escalating due to the focus on smart city projects and automation in homes and enterprises. Market players are collaborating to develop software and hardware solutions to integrate AI technology in IoT devices, driving the growth of the AI chips market in the forecast period. 

Artificial Intelligence (AI) chips are making waves in various industries by powering innovative applications in personalized health and treatment devices for the elderly population. Machine Learning (ML) and Deep Learning (DL) are driving this trend, with computer vision technologies like pose detection and behavioral pattern recognition becoming increasingly important. Structured data from IoT devices, Industry 4.0 manufacturing, wearable devices, smart homes, and connected cars are fueling this growth. AI chips are being integrated into processors, GPUs, FPGAs, CPUs, ASICs, DSPs, microcontrollers, and programmable logic chips to handle the demands of AI applications. These chips enable high-quality images, animations, and videos in mobile phones, embedded systems, personal computers, gaming consoles, and more. The theoretical and algorithmic basis of AI is being transformed by automatic analysis, extraction, and estimation of single images and sequences of images. 

Discover 360° analysis of this market. For complete information, schedule your consultation- Book Here!

Market Challenges

The AI chips market is witnessing significant growth due to the potential revenue benefits that companies can derive from investing in artificial intelligence. However, the implementation of AI comes with challenges, particularly the shortage of skilled workers with expertise in AI technology. This talent gap poses a major obstacle for enterprises seeking to integrate AI into their operations. The high R&D costs associated with AI and the lack of available talent are hindering the growth of the market. To overcome this hurdle, organizations must prioritize talent acquisition and retention, recruiting professionals with strong technical backgrounds and investing in skill development programs. The shortage of AI engineers and technicians is hindering the deployment of AI in enterprises, thereby limiting market growth during the forecast period.The Artificial Intelligence (AI) Chips Market is experiencing significant growth due to the increasing demand for energy-efficient solutions for AI applications in various industries such as healthcare, retail, finance, automotive, and IoT devices. Companies like Nvidia and Huawei are leading the market with their AI chip lines, including the Nvidia A100 chip and Huawei Ascend 910B chipset. However, challenges such as energy efficiency, latency, and ethical concerns remain. Centralized cloud servers from Microsoft Azure, Amazon Web Services, Google Cloud, and Oracle Cloud Infrastructure offer high computing power but face challenges with real-time applications and big data processing. Edge computing and Edge devices are gaining popularity for their ability to process data locally, reducing latency and improving performance. Patent filing and system failure are also concerns for companies investing in AI chips. Specific integrated circuits like CPU, FPGA, GPU, and system on chip, multichip module, and high computing parallel computing are essential for AI data centers, cognitive computing, machine intelligence, image recognition, and other AI applications. Ethical concerns around AI use in mobile applications, health monitoring, and health information access are becoming increasingly important. The market for AI chips is expected to continue growing, with continued innovation and investment in this area.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This artificial intelligence (AI) chips market report extensively covers market segmentation by

Product 1.1 ASICs1.2 GPUs1.3 CPUs1.4 FPGAsEnd-user 2.1 Media and advertising2.2 BFSI2.3 IT and Telecommunication2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 ASICs-  Artificial Intelligence (AI) chips, specifically Application-Specific Integrated Circuits (ASICs), are driving innovation in the tech industry. ASICs are customized, non-configurable chips that offer faster performance than GPUs and FPGAs for parallel algorithms. Their use in cloud-based data centers is increasing, as ASIC-based AI chips, like Google’s Tensor Processing Unit (TPU), provide superior speed and efficiency. TPUs, a network of software and hardware, are designed for deep neural networks and can learn specific tasks with large data sets. Data centers are integrating these ASICs into servers to manage data effectively. TPUs have an instruction set that allows TensorFlow programs to be modified, enabling new algorithms to be developed. As an open-source machine learning library, TensorFlow’s data flow graph structure simplifies complex computations, making ASICs a preferred choice for AI applications. The market for ASIC-based AI chips is expected to grow significantly due to their performance advantages.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

Artificial Intelligence (AI) Chips Market: The global AI Chips Market is experiencing significant growth due to the increasing adoption of AI technologies in various industries. Deep learning and machine learning algorithms require specialized hardware components, leading to the development of AI chips. These chips are designed to accelerate AI workloads and improve the performance of AI applications. AI chips include specific integrated circuits like CPUs, GPUs, FPGAs, and system on chips. Quantum computing is also emerging as a potential technology to enhance AI capabilities. The market for AI chips is expanding across sectors such as healthcare, retail, finance, automotive, autonomous vehicles, IoT devices, and more. However, ethical concerns surrounding AI and its impact on jobs are raising questions about the future of this technology. High bandwidth memory and Trainium2 chip are some of the advanced hardware components driving the market. The market is segmented into cloud and edge computing, with the edge computing segment expected to grow due to the increasing demand for real-time AI processing.

Market Research Overview

Artificial Intelligence (AI) Chips Market: An Overview The AI Chips Market is witnessing significant growth due to the increasing demand for advanced AI technologies, such as deep learning and machine learning, in various industries. AI chips are specialized hardware components designed to accelerate AI algorithms and technologies, including neural networks, quantum computing, and cognitive computing. These chips are essential for powering AI applications in robotics, computer vision, natural language processing, and generative AI. The market for AI chips includes a range of hardware components, such as CPUs, GPUs, FPGAs, and system on chips, each with unique advantages in terms of energy efficiency, parallel computing, and high computing power. Major applications of AI chips include data processing in centralized cloud servers and edge devices, real-time applications, big data analysis, and AI applications in healthcare, retail, finance, automotive, and IoT devices. Ethical concerns surrounding AI technologies and potential system failures or malfunctioning are also driving the development of more energy-efficient and reliable AI chips. Some of the emerging trends in the AI Chips Market include the development of AI chip lines, such as Nvidia’s A100 chip and Ascend 910B chipset, and H200 chipset, as well as the integration of high bandwidth memory and quantum computing technologies. The market is also witnessing the growth of edge computing and the increasing use of AI in industries such as manufacturing, wearable devices, smart homes, and connected cars. In conclusion, the AI Chips Market is a dynamic and rapidly evolving field, driven by the increasing demand for AI technologies in various industries and the need for more energy-efficient and reliable hardware components. The market is expected to continue growing in the coming years, with new innovations and applications emerging in areas such as healthcare, finance, and autonomous vehicles.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductASICsGPUsCPUsFPGAsEnd-userMedia And AdvertisingBFSIIT And TelecommunicationOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/artificial-intelligence-ai-chips-market-size-is-set-to-grow-by-usd-389-25-billion-from-2024-2028–increasing-adoption-of-ai-chips-in-data-centers-to-boost-the-market-growth-technavio-302191673.html

SOURCE Technavio

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Brightview Senior Living Honored on U.S. News & World Report Best Senior Living Ratings for 2025

Published

1 hour ago

on

April 17, 2025

By

More than 90 percent of communities voted on as “Best” status by residents and family members

BALTIMORE, April 17, 2025 /PRNewswire/ — Brightview Senior Living, a senior living owner, developer, and operator with 47 communities in eight states along the East Coast, has been recognized by U.S. News & World Report as a 2025 Best Senior Living recipient. Across the industry this year, fewer than half of the senior living communities evaluated by U.S. News earned a Best ranking — yet an impressive 93 percent of Brightview communities achieved this prestigious distinction. Brightview communities have ranked Best each year that they have partnered with U.S. News & World Reports on this annual list for all three categories: Independent Living, Assisted Living and Memory Care.

Brightview Senior Living Honored on U.S. News & World Report Best Senior Living Ratings for 2025

Now in its fourth year, the 2025 Best Senior Living ratings from U.S. News evaluated over 3,800 communities in the United States. Communities are evaluated on several criteria, including resident and family members’ satisfaction with safety, care, community management and staff, value and other services and amenities.

“At Brightview, we continue to drive the importance of maintaining happy, engaged associates which in turn, creates happy and engaged residents,” said Brightview Senior Living President and CEO Doug Dollenberg, Jr. “This remarkable recognition, awarded to over 90 percent of our communities, is a testament to the unwavering dedication of our associates. Their commitment to supporting not only our residents but also one another is what truly sets Brightview apart. Today and every day, we proudly celebrate the passion and hard work of our more than 6,000 associates who bring joy, vibrancy and a spirit of celebration to our communities.”

U.S. News awards the designation of “Best Senior Living” only to those communities that satisfy U.S. News’ rigorous, data-driven standard, reflecting the viewpoints from more than 450,000 consumer surveys. Only the highest-rated communities in each care level earned a “Best” rating.

“Choosing a senior living community is a big life decision for older adults and their loved ones. U.S. News’ Best Senior Living ratings offer families a data-driven search tool, providing transparent and comprehensive assessments of quality,” said Ben Harder, managing editor and chief of health analysis at U.S. News. “We commend the communities that have earned this distinction, reflecting their unwavering dedication to resident well-being and satisfaction.”

Brightview proudly operates in eight states, offering Independent Living, Assisted Living and Memory Care – Wellspring Village™– creating a personalized and hospitable approach to senior living. This accolade comes on the heels of Brightview’s inclusion on the annual Great Place To Work® and Fortune magazine’s 2025 Fortune 100 Best Companies to Work For® list, representing the only senior living company on the list.

For more information on the U.S. News Best Senior Living ratings, explore Facebook, Instagram, TikTok and X using #BestSeniorLiving. To learn more about Brightview, explore fulfilling career opportunities and find a community near you, visit BrightviewSeniorLiving.com.

About Brightview Senior Living: Brightview Senior Living builds, owns, and operates award-winning, vibrant senior living communities in eight states along the East Coast: Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, and Virginia. We offer senior Independent Living, Assisted Living, Enhanced Care, and Wellspring Village™, a specialized neighborhood for people living with Alzheimer’s disease and other forms of dementia.

Each of our Brightview Senior Living communities focuses on five elements of wellness which we call SPICE. Spiritual, Physical, Intellectual, Cultural, and Emotional. Our amenities and programs encourage active senior living communities and development in these areas, keeping residents active and healthy.

About the U.S. News & World Report: U.S. News & World Report is the global leader for journalism that empowers consumers, citizens, business leaders and policy officials to make confident decisions in all aspects of their lives and communities. A multifaceted media company, U.S. News provides unbiased rankings, independent reporting and analysis, and consumer advice to millions of people on USNews.com each month. A pillar in Washington for more than 90 years, U.S. News is the trusted home for in-depth and exclusive insights on education, health, politics, the economy, personal finance, travel, automobiles, real estate, careers and consumer products and services.

View original content to download multimedia:https://www.prnewswire.com/news-releases/brightview-senior-living-honored-on-us-news–world-report-best-senior-living-ratings-for-2025-302430784.html

SOURCE Brightview Senior Living

Continue Reading

Technology

Advania Iceland Selects Corero Network Security to Deliver Scalable DDoS Protection for Critical Infrastructure

Published

1 hour ago

on

April 17, 2025

By

LONDON, April 17, 2025 /PRNewswire/ — Today, Corero Network Security (AIM: CNS) (OTCQX: DDOSF), the distributed denial of service (DDoS) protection specialists, announced a new partnership with Advania Iceland, part of Advania Group, one of Northern Europe’s leading IT services providers. Under a three-year agreement, Corero will enhance the resilience of Advania’s Icelandic infrastructure by delivering advanced DDoS mitigation capabilities. The deployment will ensure continuous service availability for Advania’s enterprise and government customers, while also supporting compliance with national cybersecurity regulations.

The partnership reflects a shared commitment to resilient, high-availability services. By enhancing its DDoS defense capabilities, Advania can pursue cost-effective connectivity strategies and offer greater assurance to customers operating in sensitive sectors. For Corero, the collaboration reinforces its growing presence in the Nordics and its role as a trusted enabler of secure, performance-driven infrastructure.

“For both Corero and Advania, service availability is mission-critical. Their customers — including national agencies and essential infrastructure — can’t afford downtime. We’re honored to support Advania in delivering the peace of mind their clients demand, and proud to be part of a partnership built on trust, resilience and shared values,” said Carl Herberger, CEO of Corero Network Security.

“This product is something else! We implement many vendors, but seeing a product this mature is next level—both the software and the support from the professional team. We are amazed!” said Ólafur Helgi Haraldsson, Team Manager, Operational Solutions.

This collaboration is a strategic win for both companies. Advania gains an automated solution that ensures uptime, satisfies regulatory requirements and bolsters its competitive edge — helping retain critical customers and attract new ones. For Corero, the contract underscores its position as a key ally to service providers securing vital digital infrastructure across the region.

About Corero Network Security
Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, and reporting tools. Corero’s technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centers in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered in London and listed on the London Stock Exchange’s AIM market (ticker: CNS) and the US OTCQX Market (OTCQX: DDOSF).

About Advania
Headquartered in Stockholm, Advania is a leading IT services provider in Northern Europe with 5,500 employees across 53 locations in nine countries. We serve about 9,000 enterprise customers who operate globally, combining international capabilities with strong local presence in their home markets.

View original content to download multimedia:https://www.prnewswire.com/news-releases/advania-iceland-selects-corero-network-security-to-deliver-scalable-ddos-protection-for-critical-infrastructure-302429634.html

SOURCE Corero Network Security

Continue Reading

Technology

Alithya Takes Oklahoma State University Medical Center Live with Oracle Workforce Scheduling

Published

1 hour ago

on

April 17, 2025

By

ALPHARETTA, Ga., April 17, 2025 /CNW/ – Alithya Group inc. (TSX: ALYA) (“Alithya”), an Oracle partner, has successfully implemented Oracle Fusion Cloud Workforce Scheduling as part of a transformational Oracle Fusion Cloud Human Capital Management (HCM) implementation for Oklahoma State University (OSUMC) Medical Center. Oracle Workforce Scheduling, part of Oracle Cloud HCM, skillfully balances business needs, compliance, and the employee experience by connecting data from across the organization in one native cloud scheduling solution. It empowers employees with intelligent self-scheduling, and managers with real time workforce insights, to align staff more effectively for improved patient satisfaction. This implementation by Alithya marks the first live healthcare customer running Oracle Workforce Scheduling.

Quote by Oracle:

“This milestone underscores Oracle’s commitment to transforming healthcare by delivering innovative solutions on a single cloud platform,” said Lewis Thompson, Senior Vice President, HCM and SCM Product Development, Oracle. “We appreciate the trust OSU Medical Center has given us and our strong partnership with Alithya, whose expertise was instrumental in delivering a successful implementation. Together, we are driving meaningful change in healthcare.”

Quote by Alithya Oracle Practice:

“Our partnership with OSU Medical Center and Oracle reflects the trust our clients place in us to successfully implement new technologies that drive meaningful change,” said Mike Feldman, Senior Vice President, Alithya Oracle Practice. “This project showcases our Oracle team’s expertise and dedication to delivering solutions that empower healthcare organizations to operate more efficiently and strategically. In fact, we’ve helped clients go live with over 30 enterprise application projects in the last 12 months.”

About Oklahoma State University Medical Center:

Oklahoma State University Medical Center is one of the nation’s largest osteopathic teaching facilities. There are 12 residency programs and nine fellowship programs training more than 250 residents in primary care and sub-specialties annually. Along with providing a superior training ground for healthcare professionals, the Mission is to provide high-quality healthcare delivered with compassion for patients and their families.

About Alithya

Empowered by the passion and enthusiasm of a talented global workforce, Alithya is positioned on the crest of the digital wave as a trusted advisor in strategy and digital technology services. Transforming the world one digital step at a time, Alithya leverages collective intelligence and expertise to develop practical IT solutions tailored to complex business challenges. As shared stewards of its clients’ success, Alithya accompanies them through the full cycle of their digital evolutions, paving new roads to the future of their businesses.

Living up to its name, meaning truth, Alithya embraces a business model that avoids industry buzzwords and technical jargon to deliver straight talk provided by collaborative teams focused on three main pillars: strategic consulting, enterprise transformation, and business enablement.

About Oracle’s Partner Program

Oracle’s partner program helps Oracle and its partners drive joint customer success and business momentum. The newly enhanced program provides partners with choice and flexibility, offering several program pathways and a robust range of foundational benefits spanning training and enablement, go-to-market collaboration, technical accelerators, and success support. To learn more, visit https://www.oracle.com/partner/.

Trademarks

Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

View original content:https://www.prnewswire.com/news-releases/alithya-takes-oklahoma-state-university-medical-center-live-with-oracle-workforce-scheduling-302431011.html

SOURCE Alithya Group inc.

Continue Reading

Trending