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Mobile Artificial Intelligence Market to Reach Valuation of USD 37.92 Billion by 2028 - Surging Demand for Mobile Artificial Intelligence across Various End-Use Industries to Bloom Market
In terms of revenue, the Global Mobile Artificial Intelligence Market is expected to reach USD 37.92 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 27.50% from 2022 to 2028. The factors driving the growth of the Global Mobile Artificial Intelligence Market include the rising use of smartphones and tablets, the increasing penetration of IoT devices, and the growing need for real-time data analytics. Mobile Artificial Intelligence Market is gaining traction among enterprises across various industries due to its ability to provide real-time data analytics and insights that are critical for business decision making. In addition, the use of mobile devices is becoming increasingly popular among consumers, and this trend is expected to drive demand for Mobile Artificial Intelligence Market solutions. However, the lack of skilled professionals and the high cost of developing AI applications may hinder the growth of the global market.
Key Highlights from the Report:
Some of the key players in the Mobile Artificial Intelligence market include - [object Object].
Market Dynamics:
Smartphones are becoming more powerful every day. AI processors are used in smartphones to perform various functions. These include facial recognition, speech recognition, image recognition, and screen rotation. AI processors are also used in smartphones to provide a better user experience by performing various functions.
Advancements in 10 nm technology node result in more power-efficient processors and better battery life and performance of smartphones. Most modern high-end smartphones compose AI chips. The iPhone X consists of Apple's A11 chip and galaxy S9 phones that are powered by the Exynos 9810 processor, which is built on the advanced 10nm FinFET process for enhanced performance and long-lasting battery life.
North America is expected to emerge as a potential market for mobile artificial intelligence. This can be attributed to the increasing adoption of cloud-based applications by SMBs. This is because many SMBs in the U.S. are using cloud-based applications to improve productivity. In addition, mobile devices are being used to implement AI applications.
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Mobile Artificial Intelligence Market to Reach Valuation of USD 37.92 Billion by 2028 - Surging Demand for Mobile Artificial Intelligence across Various End-Use Industries to Bloom Market
15 Apr 2022
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Historical Data | Base Year
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Mobile Artificial Intelligence Market to Reach Valuation of USD 37.92 Billion by 2028 - Surging Demand for Mobile Artificial Intelligence across Various End-Use Industries to Bloom Market
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