A report on “Global Deep Learning Chip Market by Chip type, Technology, and Industry vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025” published by Allied Market Research, states that the global deep learning chip market held a revenue of $1,975 million in 2017, and is expected to amass $29,368.0 million by 2025, thus growing at a CAGR of 39.9% from 2018 to 2025.
The growth drivers of the deep learning chip market are the advent of quantum computing, enhanced implementation of deep learning chips in robotics, and the emergence of autonomous robotics-robots that develop and control themselves autonomously. Nonetheless, lack of skilled workforce is a major factor that impedes the growth of the deep learning chip market. Deep learning chips can carry out many jobs such as testing, bug fixing, cloud implementation, and others. Nevertheless, essentials skills are required for the delivery of such tasks. On the other hand, growing adoption of deep learning chips in the developing regions and the development of smarter robots are expected to bring opportunities for the market growth.
Deep learning is a sub-set of machine learning, which is a sub-set of artificial intelligence (AI) that is achieved to perform tasks related to AI. Deep learning works as a brain, which has been penetrating in several industries around the world. This technology is achieved with software, such as computer vision, voice recognition, speech synthesis, machine translation, game playing, drug discovery, and robotics. Deep learning chips are specialized Silicon chips, which incorporate AI and machine learning technology.
At present, North America dominates the market, followed by Europe. In 2017, U.S. dominated the North America market and UK led the overall market in Europe. However, in the Asia-Pacific region, China currently dominates the market.
Key Findings of the Deep Learning Chip Market:
- On the basis of chip type, the GPU segment led the global deep learning chip market in the year 2017. However, the ASIC segment is anticipated to overtake the GPU segment in the near future, in terms of revenue.
- The North America region held the majority of market share in 2017.
- By industry vertical, the BFSI segment has been dominating the global deep learning chip market in the year 2017. However, the
otherssegment is expected to grow at the highest CAGR during the forecast period (2018-2025).
- The LAMEA region is anticipated to exhibit the highest CAGR during the forecast period.