Worldwide mobile AI market report additionally contains the drivers and restrains for the mobile AI market that are derived from SOWT analysis. Global Mobile AI market is expected to reach USD 17.79 billion by 2025 from USD 5.14 billion in 2017 and is projected to grow at a CAGR of 28.43 % in the forecast period of 2018 to 2025. The Mobile Artificial Intelligence (AI) market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025 (Current Year Statistic Will Be Provided In Report).
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The Global Mobile Artificial Intelligence (AI) market is totally fragmented due to presence of maximum players in most of the regions across the globe. Artificial intelligence consists of complex algorithms, which is increasing rapidly in the current market. Mostly it used the data analytics and statistics to develop its data system in Mobile AI market. Nowadays several industries adopted the Artificial Intelligence- algorithms which are easy to access the complex systems. The artificial intelligence is generally applicable in drones, robotics, self- driving cars and image recognition. The renowned players in market are
- Huawei Technologies Co., Ltd.
- Qualcomm Technologies, Inc.
- NVIDIA Corporation
- Apple Inc.
- MediaTek Inc.
- SoundHound Inc. and many more
The Global Mobile Artificial Intelligence (AI) market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The Mobile AI report includes market shares of market for global, Europe, North America, Asia Pacific and South America.
In 2018, Microsoft acquires Bonsai, artificial Intelligence to boost the machine learning capabilities and leveraging Industrial control systems such as Automotive, robotics and Energy.
- In 2016, Huawei invest USD 1 million into a new artificial intelligence research partnership with UC Berkeley. Mainly focus on computer vision, machine learning and other areas of Artificial Intelligence.
- In 2016 , Samsung acquire Viv Labs, Artificial Intelligence company, where Samsung utilize the conversational interface of Viv labs.
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The Mobile AI market is based on
- Technology Type
- Geographical Segments
- Based on Technology type, the market is segmented into
- 20 to 28nm
- Based on Application
- Smart Boards
- Based on geography, the market report covers data points for 28 countries across multiple geographies such as
- North America
- South America
- Middle East & Africa
- Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, South Africa, and Brazil among others.
Market Drivers and Restraints:
- Increasing demand in the field of drones, robotics, and surveillance cameras.
- Growing demand for edge computing in IoT (Internet of Things).
- Rising focus on low cost AI-capable processors and cognitive computing.
- Rapidly Replacement of New technology.
- Expensive to manage and maintain the artificial intelligence machines.
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