Increase Demand for AI Embedded Processors & AI Applications are the major Factors driving the Mobile Artificial Intelligence Market
As stated in our extensive report; providing insights on Application and Technology; the Global Mobile Artificial Intelligence Market accounted for USD 8.82 Billion in the year 2021.
The rising acceptance of artificial intelligence in mobiles for optimizing logistics & supply chains, reducing costs and downtime on production lines, increasing volume of large complex data, and the rising adoption of industrial IoT are the key factors driving the growth of the Mobile Artificial Intelligence Market.
In recent years artificial intelligence has reshaped the market industry and reduced human efforts to resolve complex issues conveniently. AI is progressing very rapidly from self-remote cars to creating robots. AI helps to create more brilliant, easy, and intelligent applications that significantly improve UX. If you are also thinking to involve AI in your current mobile app then you are taking the right step
Furthermore, the increasing scale of processing operations in emerging economies, acceptance of modern mobile apps, and deployment of automation technologies using AI in mobiles are expected to generate opportunities for the growth of the Mobile Artificial Intelligence Market.
Mobile Artificial Intelligence Market has been adversely affected in recent months owing to the outbreak of the pandemic, COVID-19, in December 2019. The outbreak has resulted in numerous countries imposing lockdowns and shutting down businesses except for essential services (allowed with minimum workforce). Several businesses have increased their focus on profitability and reduced their expenses in manufacturing, which is decreasing the demand for Mobile Artificial Intelligence Market.
Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) in the coming years owing to the high demand for AI in the electronics sector. Additionally, this region has the most advance manufacturing facilities which are boosting the market to growth. Countries such as the U.S. & Canada are considered to be the most developed countries in the field of AI & advanced technology. These are a few of the reasons is expected to grow in the coming years.
Developing economies like India, China, and the Middle East are considered to gain huge opportunities in the adoption of AI. North America held the largest share of the Mobile Artificial Intelligence Market in 2021, followed by Europe and the Asia Pacific. In major parts of the world, the market is still growing owing to insufficient funds, lack of awareness, minimum availability of Research and Development (R&D) facilities, underdeveloped IT infrastructure, and social constraints.
Major players of the Global Mobile Artificial Intelligence Market such as Apple (US), NVIDIA (US), Huawei (China), Samsung Electronics (South Korea), Qualcomm (US), Intel (US), IBM (US), Microsoft (US), MediaTek (Taiwan), Google (US).
Browse the full Report - 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)