AI Chip Market Share

On the basis of geographical analysis, the AI chip market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is estimated to hold largest revenue share by 2036, on the back of intensifying adoption of AI based technologies and growing investments to establish AI startups, especially in countries such as China, Japan and India. For instance, China is placing a strong focus on building artificial intelligence capabilities in the country. Beijing alone foreseen establishment of more than 445 AI companies by 2020. On the other hand, the market in the North America is predicted to grab the largest market share during the forecast period, which can be credited to the increasing demand for AI solutions from industries, namely, retail, BFSI and IT & telecom. Moreover, the market is backed by a strong presence of a well-established cloud infrastructure and some of the biggest tech giants in the world, which is another factor expected to boost the expansion of the market in this region.