The global Mobile AI is growing by leaps and bounds.
The market growth attributes to growing AI and hyperscale computing
applications accelerating the integrated Cadence digital flow and custom/analog
tool suite. The proliferation of hyperscale computing, 5G communications, and
smart mobile phones are major trends in the market.
With the constant development of holographic
technology, the application range of mobile AI is getting wider and wider.
Besides, the rising automation and digitization across the industries
substantiate market growth. The growing need for digital transformations in
industries worldwide escalates the market growth further.
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Major Players:
Players leading the mobile AI market are
- NVIDIA
(US)
- Apple
Inc (US)
- Huawei
(China)
- Amazon
Inc (US)
- Samsung
Electronics (South Korea)
- Qualcomm
(US)
- IBM
Corporation (US)
- Intel
Corporation (US)
- Microsoft
Corporation (US)
- Google
Inc (US)
- MediaTek
(Taiwan)
- Graphcore
(UK)
According to a leading research firm Market
Research Future (MRFR), the global mobile AI market is expected to create
significant value by 2030, registering a massive CAGR during the forecast
period (2022 to 2030). Mobile AI sees greater opportunities due to its ability
to make continuous improvements.
Additionally, the increasing number of AI-enabled
mobile applications and AI-based products & services drive the growth of
the market. Also, the changing strategic framework impacts market growth
positively. Conversely, the lack of technical expertise and AI standards are
major factors projected to impede the market's growth. Nevertheless, growing
competition across the industries and the growing emphasis on business
intelligence would support market growth throughout the assessment period.
Global Mobile AI Market - Segments
The report is segmented into mobile platform,
application, vertical, regions. The mobile platform segment is sub-segmented
into Android, iOS, and Windows. The application segment is sub-segmented into
virtual assistant, navigation, camera, chatbots, drones, and others. The
vertical segment is sub-segmented into healthcare, finance, education, travel
& tourism, media & entertainment, and others.
Mobile AI Market - Regional Analysis
North America leads the global mobile AI market,
mainly due to the wide adoption of various technologies to integrate artificial
intelligence in smartphones. Moreover, the presence of the majority of key
players such as NVIDIA Corporation, IBM Corporation, and Qualcomm drive the
growth of the mobile AI market in this region.
Increasing R&D investments to develop AI
technologies and the digital transformation in the region foster market growth.
Also, the increasing demand for intelligent virtual assistants boosts the
regional market growth.
The European mobile AI market holds the
second-largest share. The market growth is fostered by the presence of various
notable players and large deployments of these AI technologies in smartphones.
Additionally, the high adoption of automation solutions in the manufacturing
sector pushes the regional market growth.
Asia Pacific mobile AI market is growing rapidly.
Factors such as the proliferation of digitization and increasing uses of
smartphones influence the growth of the regional market. Augmenting demand for
automation tools and the rising adoption of AI and cloud computing impact the
market growth positively. India and China are major markets for AI technologies
in the region.
Mobile AI Market - Competitive Analysis
Highly competitive, the mobile AI market appears
fragmented due to the presence of several well-established players. Mergers
& acquisitions, innovation, and expansion remain prevailing key trends for
the leading players as these strategic moves support their growth and expansion
plans.
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Mobile AI Industry Developments:
January
- Google
releases the first version of its new Tensor Processing Unit (TPU) for
mobile devices, which is designed to accelerate AI workloads.
- Apple
announces that its new iPhone 14 will feature a new AI chip that is said
to be twice as powerful as the A15 Bionic chip in the iPhone 13.
February
- Facebook
releases a new AI-powered tool that can automatically translate text in
real time.
- Samsung
announces that its new Galaxy S22 will feature a new AI camera that can
automatically adjust settings to take better photos.
March
- Microsoft
releases a new AI-powered productivity app that can help users to write
more effectively.
- Amazon
releases a new AI-powered voice assistant that can understand natural
language commands more accurately.
April
- Google
releases a new AI-powered gaming platform that can automatically generate
personalized recommendations for games.
- Apple
announces that its new iOS 16 operating system will include a new
AI-powered feature that can automatically detect and filter spam messages.
May
- Facebook
releases a new AI-powered tool that can automatically generate captions
for videos.
- Samsung
announces that its new Galaxy Fold 4 will feature a new AI-powered hinge
that can automatically adjust its stiffness depending on the user's needs.
June
- Microsoft
releases a new AI-powered security tool that can automatically detect and
block malicious threats.
- Amazon
releases a new AI-powered home assistant that can automatically learn the
user's preferences and routines.
July
- Google
releases a new AI-powered translation app that can translate text between
over 100 languages.
- Apple
announces that its new macOS Ventura operating system will include a new AI-powered
feature that can automatically organize files and folders.
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About Market Research Future (MRFR):
Market Research Future (MRFR) is
a global market research company that takes pride in its services, offering a
complete and accurate analysis with regard to diverse markets and consumers
worldwide. MRFR’s approach combines the proprietary information with various data
sources to give an extensive understanding to the client about the latest key
developments, expected events and also about what action to take based on these
aspects.
Also, we are launching "Wantstats"
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Contact:
Market Research Future (Part of Wantstats Research
and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
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