Mobile AI Market to See Booming Growth |
Market Analysis
The Mobile
Artificial Intelligence Market size is
anticipated to touch USD 10.28 billion at a whopping 29.52% CAGR between 2018-
2023, as per the current Market Research Future (MRFR) analysis. Mobile
artificial intelligence or mobile AI makes a smart device cleverer by offering
advanced software and hardware for the efficient operation of the device and
better decision making. Mobile AI has been made for improved end user
functioning as well as surrounding through on-device processing & reshaping
the experiences of the user. It has wide applications in media and
entertainment, travel and tourism, education, finance, healthcare, and
others.
Various factors are propelling the global mobile artificial intelligence
market share. According to the recent MRFR report, such factors include high
penetration of the internet in developing countries, increase in mobile phone
users, advances in technology in mobile phone processors, growing adoption of
AI from device manufacturers and application developers for better customer
experience, and increasing adoption of cloud-based applications and AI.
Additional factors adding market growth include the advent of 4G and 5G, the
availability of customization option, increasing research and development
activities by key players, growing expansion activities through agreements and
strategic partnerships, and increasing mergers and acquisitions among
international and regional players.
Download Free Sample PDF File @ https://www.marketresearchfuture.com/ask_for_customize/6779
On the contrary, the high price of AI processors, scarcity of trained
experts, and the on-going COVID-19 outbreak may impede the global mobile
artificial intelligence market growth over the forecast period.
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global
mobile artificial intelligence market based on vertical, application, and
mobile platforms.
By mobile platform, the global mobile artificial intelligence market is
segmented into Windows, iOS, and Android.
By application, the global mobile artificial intelligence market is
segmented into drones, chatbots, camera, navigation, virtual assistant, and
others.
By vertical, the global mobile artificial intelligence market is
segmented into media and entertainment, travel and tourism, education, finance,
healthcare, and others.
Regional Analysis
Based on the region, the global mobile artificial intelligence (AI)
market report covers the growth opportunities and recent trends across the Asia
Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of
these, North America will lead the market over the forecast period. The
presence of multiple key players, an increase in the manufacturing of AI
processors to introduce built-in AI features to smartphones, and the adoption
of different advanced technologies are adding to the global mobile artificial intelligence
market growth in the region.
The mobile artificial intelligence market in the APAC region is
predicted to have healthy growth over the forecast period. The increasing
adoption of mobile AI in China, the huge growth potential of applications like
chatbots and virtual assistant, and huge funds being raised in China by AI
start-ups to produce AI-processors is adding to the global mobile artificial
intelligence market growth in the region. China holds the utmost share in the
market.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/mobile-ai-market-6779
The global mobile artificial intelligence market in Europe is predicted
to have notable growth over the forecast period. Increasing support from the
government for AI-startups is adding to the global mobile artificial
intelligence market growth in the region.
The mobile artificial intelligence market in the RoW is predicted to
have sound growth over the forecast period. The increasing penetration of
AI-enabled smartphone that results in the growing use of mobile handsets in
enterprises to boost efficiency and productivity is adding to the global mobile
artificial intelligence market growth in the region.
Key Players
Key contenders profiled in the global mobile AI industry report include
Graphcore (UK), Google Inc (US), MediaTek (Taiwan), Microsoft Corporation (US),
IBM Corporation (US), Intel Corporation (US), Qualcomm (US), Amazon Inc (US),
Samsung Electronics (South Korea), Huawei (China), NVIDIA (US), and Apple Inc
(US).
About Market Research Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR team have supreme objective to provide the
optimum quality market research and intelligence services to our clients. Our
market research studies by products, services, technologies, applications, end
users, and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help to
answer all their most important questions.
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)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Comments
Post a Comment