| Source: Vantage Market Research Vantage Market Research
WASHINGTON, April 28, 2022 (GLOBE NEWSWIRE) — Vantage Market Research’s recent analysis of the Global Mobile Artificial Intelligence Market finds that the increase in demand for AI enabled processors is expediting market growth. Primarily driven by growing use of artificial intelligence in mobile gaming apps, the total Global Mobile Artificial Intelligence Market is estimated to reach USD 37.92 Billion by the year 2028.
The Global Market revenue for the year 2021 valued at USD 8.82 Billion, and expected to grow at a Compound Annual Growth Rate (CAGR) of 27.50%.
Furthermore, the growing technological advancements worldwide is also anticipated to augment the growth of the Global Mobile Artificial Intelligence Market, states Vantage Market Research, in a report, titled “Mobile Artificial Intelligence Market Size, Share & Trends Analysis Report by Application (Smartphones, Cameras, Drones, Automotive), by Technology (20–28nm, 10nm, 7nm and Others (12nm and 14nm), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.
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Increase in Demand for AI Enabled Processors to Fuel Global Mobile Artificial Intelligence Market
The increasing demand for AI enabled processors in smartphones is expected to fuel the growth of the Mobile Artificial Intelligence Market during the forecast period. This is attributable to the increasing need and importance for more effective and efficient systems for solving mathematical and computational problems, as the volume of data has been increasing exponentially. Artificial intelligence is considered to be an important part of different smart phones along with their development. Most of the smartphone manufacturers like Samsung, Apple, Xiaomi and Huawei are leveraging technologies like artificial intelligence into development of their smartphone models, which is further expected to offer dynamic opportunities for growth of the market. Most of the majority of the prominent market players in the semiconductor industry are also focussing on developing and manufacturing AI processors and applications. Further, artificial intelligence could permit major semiconductor companies to capture 40 to 50% of total value from this technology stack, which represents one of the best opportunities they’ve had in decades. Though the storage sector is expected to witness the highest growth, semiconductor companies will capture most value in compute, memory, and networking. Since hardware assists as a differentiator in artificial intelligence, semiconductor companies will discover greater demand for their existing processors, and could also profit by developing novel technologies.
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Segmentation of Global Mobile Artificial Intelligence Market:
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Growing Use of Artificial Intelligence in Mobile Gaming Apps to Augment Market Growth
The increase in use of artificial intelligence in mobile gaming apps is anticipated to augment the growth of the Mobile Artificial Intelligence Market within the estimated period. For most of the game developers, artificial intelligence can assist with the creation of powerful mobile games by analysing player behavior. This lets most of the game designers to analyze by what means players can interact with their games and tailor experiences to them. For instance, Telltale Games is considered to be a great example of a games studio that collects data and this data helps to make it part of the experience. Their games, such as The Walking Dead, display exactly how a player’s choices differ from the other players playing the same game. The implementation of AI can change the games industry for developers and companies as well are investing heavily in the technology. Furthermore, major companies such as Microsoft and Google are implementing artificial intelligence (AI) in their tablets and smartphones that empower mobile applications and intended to increase the performances of devices. In addition, artificial intelligence allows mobile applications to get insights from various data generated by all users and helps in improving decision making capabilities of users, thus offering lucrative opportunities for the market.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the IT and telecom industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
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The report on Mobile Artificial Intelligence Market highlights:
North America to Dominate the Global Mobile Artificial Intelligence Market
North America has dominated the Global Mobile Artificial Intelligence Market in 2021 and is likely to continue the same trend during the forecast period. The U.S. dominated the North America region in 2021. This is attributable to the rising demand for edge computing in IoT and devoted low-cost AI chips in the region. Furthermore, the increase in adoption of cloud-based applications along with growing in the number of enterprises is also anticipated to encourage the adoption of sustainable packaging solutions.
Asia Pacific is expected to grow at a fastest CAGR during the forecast period owing to the increasing number of start-ups in the mobile AI ecosystem in the region. Additionally, the huge potential for mobile AI in the applications such as smartphones, industrial robots, and automotive are also expected to contribute to the regional growth of the market.
List of Prominent Players in the Mobile Artificial Intelligence Market:
Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on “Mobile Artificial Intelligence Market Size, Share & Trends Analysis Report by Application (Smartphones, Cameras, Drones, Automotive), by Technology (20–28nm, 10nm, 7nm and Others (12nm and 14nm)), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)” View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/mobile-artificial-intelligence-market-047878
March, 2022: Nvidia Corp announced new chips and technologies that it said will boost the computing speed of increasingly complicated artificial intelligence algorithms, stepping up competition against rival chipmakers vying for lucrative data center business.
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