Mobile Artificial Intelligence Market Is Estimated To Reach USD 16.1 Billion By 2024

Global Mobile Artificial Intelligence Market: Key Highlights

According to the new market research report “Mobile Artificial Intelligence Market by Component (Hardware, Software, Services), by Process Technology (28nm, 7nm, 5nm, Others), by Application (Smartphone, Automotive, Drones), by Region (Asia Pacific, Europe, Middle East and Africa, South America, North America) – Global Forecast 2017 to 2024”, the global Mobile Artificial Intelligence Market is estimated to reach USD 16.1 Billion by 2024 at a CAGR of around 28.3% during the review period.
Mobile artificial intelligence helps in a making smart devices cleverer by providing advanced hardware and software for better decision making and efficient operation of devices.
It has the capability of problem solving, critical thinking, reasoning and other such attributes based on data captured. This data becomes a training platform for the AI machine.

Mobile Artificial Intelligence Market

Global Mobile Artificial Intelligence Market: Key Market Dynamics

Emergence of edge computing is a major part for 5G mobile network and on future 6G technologies which witness to be a major key factor for grow the demand of the market in the forecast period.
It created a major benefits for the end user functioning and surrounding through on-device processing and reshaping the user experiences.
High initial and maintenance cost for the deployment for technologies may hamper the market growth in forecast period.
Advancement for retail customer by supporting the customer by embrace artificial intellig4ence algorithm into the business and get user information from mobile device and Point of Sale (POS).

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Global Mobile Artificial Intelligence Market: Regional Overview

North America

The region of North America is one of the leading market of mobile AI during the projected period as the companies in the region are shaving higher adoption rate in various technologies to integrate artificial intelligence in smartphones. Also the region has always been fast rate of adoption for new mobile technologies. According to the United Nations Educational, Scientific and Cultural Organization (UNESCO) in 2017, the government of Canada appointed Canadian Institute for Advanced Research (CIFAR) to enhanced USD 125 million Pan-Canadian artificial intelligence strategy which are the first national AI strategy globally.

Europe

The region is rapid growth their economy and society with the advance technologies adoption. According to the European Commission, under the Horizon 2020 research and innovative program of the region has increase its annual investment by 70%. Also it has projected that by the period of 2018 to 2020. Moreover, it will strengthen the growth of AI and support the development for the region.

Global Mobile Artificial Intelligence Market: Key Players Overview

QUALCOMM, Inc.:

QUALCOMM, Inc. is a multinational corporation which create a semiconductors, software and services. Also, the company develop and delivers wireless communication services and products which have been based on CDMA digital technology. Moreover, the company artificial intelligence solution offers provides benefits like efficient use of bandwidth, safety and advance reliability. In 2019, the company AI and cloud ecosystem expand to increase the demand for intelligence and immersive real time mobile AI features.

MediaTek Inc.,:

MediaTek Inc. is Semiconductor Company which provides high definition television, wireless communication are like tablet, computers, consumer multimedia products and navigation systems. However, artificial intelligence (AI) continue to enhance at high pace will many products with AI processors. In 2018, the company has announced the ongoing detail on AI platform strategy to enhance AI edge computer with the help to NeuroPilot AI platform.

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