Market Research Report Store Artificial Intelligence (Chipsets) Market Expected
"Artificial Intelligence (Chipsets) Market Expected to be worth USD 16.06 billion by 2022,
growing at a CAGR of 62.9% from 2016 to 2022" published in June 2017. It is a professional and
in-depth study.
Summary
Market Research Report Store announces a new report"Artificial Intelligence (Chipsets) Market"
added to its database.According to the new market research report on artificial intelligence, this market
is expected to be worth USD 16.06 billion by 2022, growing at a CAGR of 62.9% from 2016 to 2022.
The growth of the artificial intelligence market can be attributed to the growing application of artificial
intelligence in various industries and the increasing adoption of AI for improving consumer service.
However, the lack of availability of low-cost and energy-efficient hardware, especially high-speed
computing hardware, is hindering the growth of AI market.
Detailed TOC Of Report @
https://www.marketresearchreportstore.com/shop/artificial-intelligence-chipsets-market-by-
technology-deep-learning-robotics-digital-personal-assistant-querying-method-natural-lan
guage-processing-context-aware-processing-offering-end-us
Ask a sample, click here [email protected]
“Natural language processing is expected to grow at the highest rate from 2016 to 2022”
The market for natural language processing (NLP) is expected to witness fastest CAGR from 2016 to
2022. The growing adoption of NLP in various applications such as AI-powered robots, smartphones,
car-infotainment systems, navigation systems, and personal assistant systems, among others is largely
driving its growth. Moreover, the deep learning technology is likely to grow at the second-highest
CAGR from 2016 to 2022. The growing penetration of deep learning algorithms for myriad AI
applications such as voice recognition, fraud detection, voice search, recommendation engines,
sentiment analysis, image recognition, and motion detection, among others is mainly driving its market
growth.
“Artificial intelligence for the transportation and automotive sector held the largest market share
in 2015”
The artificial intelligence market for the transportation and automotive sector held the largest market
share compared to other end-user industries in 2015. The use of various AI technologies such as
machine learning, natural language processing, image processing, and speech recognition for
self-driving cars and the development of human-machine interface systems would drive in the growth
of this segment.
“Artificial intelligence market in North America expected to grow at the highest rate”