- An AI accelerator is a class of specialized hardware accelerators or computer systems designed to speed up artificial intelligence applications by using machine learning, machine vision, neural networks etc.
- These AI algorithms are used for Internet of Things, robotics, and other high performance tasks
- One of the essential tasks of the artificial intelligence (AI) accelerator is to establish proper communication between the user and the device so as to execute tasks quickly and accurately
- Based on hardware, artificial intelligence (AI) accelerators are classified into processor, memory, and network
- Artificial intelligence (AI) accelerators are used in automotive, healthcare, agriculture, government, manufacturing, cyber security, and other end-use industries
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Growing Demand for Artificial Intelligence (AI) Applications
- Artificial Intelligence (AI) is playing an increasingly significant role in our day to day lives and it is an important tool to transform the technological landscape as it continues to develop
- An artificial intelligence (AI) accelerator enhances the performance of Internet of Things and robotics. AI accelerators boost these applications by driving complex algorithms and processes such as machine learning and deep learning.
- Artificial intelligence can be found in almost every smartphone feature, from the camera to smart assistance, as well as in smart televisions. AI enables smart devices to acquire information automatically and take actions independently.
- As the technology continuous to advance, demand for fast and power efficient on-device AI solutions is anticipated to grow, which is expected to drive the global artificial intelligence (AI) accelerator market during the forecast period
- However, advancement of this technology requires highly skilled workforce. Presence of limited skilled workforce is anticipated to moderately restrain the growth of the global artificial intelligence (AI) accelerator market
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North America to Lead the Artificial Intelligence (AI) Accelerator Market
- In terms of region, the global artificial intelligence (AI) accelerator market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- North America is anticipated to dominate the global artificial intelligence (AI) accelerator market throughout the forecast period, as a large number of manufacturers of artificial intelligence (AI) accelerators operate in the region
- Additionally, many well-established players based in North America are focusing on development of new technology in artificial intelligence (AI) accelerators which is expected to boost the market in the region during the forecast period
- The artificial intelligence (AI) accelerator market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.
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Key Players Operating in the Global Artificial Intelligence (AI) Accelerator Market
The global artificial intelligence (AI) accelerator market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansion to meet the rising demand for artificial intelligence (AI) accelerators. Moreover, manufacturers are signing partnerships for the development of innovative products.
Key players operating in the global artificial intelligence (AI) accelerator market are:
- Amazon Web Services, Inc.
- IBM
- Intel Corporation
- Lattice Semiconductor
- Micron Technology, Inc.
- Microsoft
- NVIDIA Corporation
- Qualcomm Technologies, Inc.
- Samsung
- Xilinx
- Others
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