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Deep Learning Chip - What Is Driving New Market Adoption And Growth In The Market?

Published on: May 2022

Explore the universe of Deep Learning Chip

Deep learning is a subset of machine learning, which is a subset of artificial intelligence (AI) that is used to execute AI tasks. Deep learning functions as a brain, and it has made inroads into a variety of businesses throughout the world. Software such as computer vision, voice recognition, speech synthesis, machine translation, game play, drug discovery, and robotics are used to achieve this technology. Deep learning chips are customized silicon chips that include artificial intelligence (AI) and machine learning technology.

The international market is witnessing a growth

The global market is growing because of the emergence of quantum computing and improved deployment of deep learning chips in robots. Furthermore, the introduction of autonomous robots that develop and operate themselves independently is expected to present the industry with substantial growth prospects. However, one of the market's primary constraints is a scarcity of skilled workers. Most of the jobs, such as testing, bug fixing, cloud deployment, and others are taken over by deep learning chips; nonetheless, delivery of such tasks lacks key skill sets.

Market Segmentation of Deep Learning Chip

The deep learning chip market is categorized based on chip type, industrial vertical, technology, and region. The market is divided into graphics processing units (GPUs), application-specific integrated circuits (ASICs), field-programmable gate arrays (FPGAs), central processing units (CPUs), and others based on chip type. The market is divided into system-on-chip, system-in-package, multi-chip module, and others based on technology. The market is segmented into media & advertising, BFSI, IT & telecom, retail, healthcare, automotive & transportation, and others based on industry vertical. The market is examined in four regions: North America, Europe, Asia-Pacific, and Latin America and the Caribbean.

Analysis of Competitors of Deep Learning Chip

AMD (Advanced Micro Devices), Google, Inc., Intel Corporation, NVIDIA, Baidu, Bitmain Technologies, Qualcomm, Amazon, Xilinx, and Samsung are the major participants in this sector. To increase their market penetration, these important players have used techniques such as product portfolio growth, mergers and acquisitions, partnerships, regional expansion, and collaboration.

COVID-19 Impact Assessment on Deep Learning Chip

The continued spread of COVID-19 has become one of the major risks to the global economy and is causing significant concerns and economic suffering for consumers, businesses, and communities throughout the globe. The "new normal," which includes social isolation and working from home, has produced difficulties with daily activities, routine work, needs, and supplies, resulting in missed chances and delayed projects. The COVID-19 pandemic is wreaking havoc on society and the global economy. The outbreak's impact is expanding by the day, and it's harming the supply chain. It's wreaking havoc on the stock market, lowering business confidence, stifling supply chains, and instilling fear in customers. Due to the shutdown of manufacturing units in the region, European countries under lockdown have lost a significant amount of business and money. The rise of the deep learning chip market in 2020 will have a significant impact on production and manufacturing operations. The COVID-19 pandemic has had a huge influence on the manufacturing and industrial sectors, according to deep learning chip market trends, since production facilities have stagnated, resulting in substantial demand in industries.

Key Market Players of Deep Learning Chip

  • Alphabet Inc. (Google Inc.)
  • Amazon.Com, Inc.
  • Advanced Micro Devices, Inc.
  • Baidu, Inc.
  • Bitmain Technologies Ltd.
  • Intel Corporation
  • Nvidia Corporation
  • Qualcomm Incorporated
  • Samsung Electronics Co. Ltd.
  • Xilinx, Inc.

What are the benefits of choosing Industry Data Analytics?

The market is rapidly changing due to the industry's continual expansion. Technology improvements have provided a number of benefits to today's businesses, resulting in daily economic fluctuations. As a result, in order to properly strategize, a firm must first grasp the patterns of market changes. Businesses with an effective strategy have a head start in planning and a competitive advantage. Industry Data Analytics is a dependable source for market studies that will assist you in obtaining the leads you require.

Delve deeper and get a look into the more detailed version of the expert report.