Mobile AI Market Overview:
The global Mobile AI market is growing by leaps and bounds. The market growth attributes to growing AI and hyperscale computing applications accelerating the integrated Cadence digital flow and custom/analog tool suite. The proliferation of hyperscale computing, 5G communications, and smart mobile phones are major trends in the market.
The global mobile AI market is expected to generate a market value of USD 80.5 Billion by 2030 growing at a 24.25% CAGR during the forecast period 2022-2030
With the constant development of holographic technology, the application range of mobile AI is getting wider and wider. Besides, the rising automation and digitization across the industries substantiate market growth. The growing need for digital transformations in industries worldwide escalates the market growth further.
Artificial Intelligence (AI) has revolutionized various industries, and the mobile sector is no exception. The Mobile AI market is experiencing significant growth, fueled by advancements in technology and the increasing demand for smarter and more efficient mobile devices. This article provides an overview of the Mobile AI market, highlighting key companies, the latest industry news, market opportunities, market segmentation, and regional insights.
Click Here to Get Sample Premium Report @
https://www.marketresearchfuture.com/sample_request/6779
Key Players:
Key Players The prominent players in the mobile AI market are,
- Apple Inc (US)
- NVIDIA (US)
- Huawei (China)
- Samsung Electronics (South Korea)
- Amazon Inc (US)
- Qualcomm (US)
- Intel Corporation (US)
- IBM Corporation (US)
- Microsoft Corporation (US)
- MediaTek (Taiwan)
- Google Inc (US)
- Graphcore (UK)
The Mobile AI market encompasses the integration of AI technologies into mobile devices, enabling them to perform complex tasks that were once exclusive to traditional computing systems. This integration has given rise to a new generation of smartphones, wearables, and other portable devices that are capable of intelligent decision-making, speech recognition, image processing, and more.
Additionally, the increasing number of AI-enabled mobile applications and AI-based products services drive the growth of the market. Also, the changing strategic framework impacts market growth positively. Conversely, the lack of technical expertise and AI standards are major factors projected to impede the market's growth. Nevertheless, growing competition across the industries and the growing emphasis on business intelligence would support market growth throughout the assessment period.
Global Mobile AI Market - Segments
The report is segmented into mobile platform, application, vertical, regions. The mobile platform segment is sub-segmented into Android, iOS, and Windows. The application segment is sub-segmented into virtual assistant, navigation, camera, chatbots, drones, and others. The vertical segment is sub-segmented into healthcare, finance, education, travel tourism, media entertainment, and others.
The Mobile AI market can be segmented based on application, technology, and end-user. Applications include virtual assistants, image recognition, speech recognition, and augmented reality, among others. Technologies encompass machine learning, deep learning, and natural language processing. End-users range from individual consumers to enterprises across various sectors.
Mobile AI Market - Regional Analysis
The Mobile AI market showcases a global presence, with different regions contributing to its growth. North America leads the market, driven by technological advancements and high smartphone penetration. Europe follows closely, with significant investments in AI research. Asia-Pacific exhibits tremendous potential due to a large consumer base, rapid technological adoption, and increasing smartphone usage.
North America leads the global mobile AI market, mainly due to the wide adoption of various technologies to integrate artificial intelligence in smartphones. Moreover, the presence of the majority of key players such as NVIDIA Corporation, IBM Corporation, and Qualcomm drive the growth of the mobile AI market in this region.
Increasing RD investments to develop AI technologies and the digital transformation in the region foster market growth. Also, the increasing demand for intelligent virtual assistants boosts the regional market growth.
The European mobile AI market holds the second-largest share. The market growth is fostered by the presence of various notable players and large deployments of these AI technologies in smartphones. Additionally, the high adoption of automation solutions in the manufacturing sector pushes the regional market growth.
Asia Pacific mobile AI market is growing rapidly. Factors such as the proliferation of digitization and increasing uses of smartphones influence the growth of the regional market. Augmenting demand for automation tools and the rising adoption of AI and cloud computing impact the market growth positively. India and China are major markets for AI technologies in the region.
Mobile AI Market - Competitive Analysis
Highly competitive, the mobile AI market appears fragmented due to the presence of several well-established players. Mergers acquisitions, innovation, and expansion remain prevailing key trends for the leading players as these strategic moves support their growth and expansion plans.
Market Opportunities:
The Mobile AI market presents numerous opportunities for growth and innovation. Some key opportunities include:
- Enhanced User Experiences: Mobile AI can provide personalized recommendations, predictive text, and context-aware functionalities, enhancing user experiences across various applications, including social media, gaming, and e-commerce.
- Healthcare and Fitness: AI-powered mobile devices can monitor vital signs, provide personalized fitness recommendations, and assist in diagnosing health conditions, transforming the healthcare and fitness industries.
Industry/Innovation/Related News:
May 19, 2021 ---- WIMWIsure (India), an insurtech start-up, launched an AI-enabled bot to help citizens find a vaccination slot. The start-up has integrated its conversational AI technology with available Open APIs to trigger notifications through WhatsApp, working on other areas of coordination for COVID-19 resources by mitigating the demand-supply gap for real-time availability.
May 25, 2021 ---- Iodine Software, a fast-growing healthcare technology company using artificial intelligence to solve provider problems improving clinical documentation, announced the acquisition of Artifact Health to expand its AI technology to thousands of physicians. Iodine's AI technology is currently accessible to more than 80,000 providers, while Artifact's mobile platform is currently deployed to healthcare providers at more than 200 hospitals across the country.
Advancements in Natural Language Processing (NLP): NLP has seen significant improvements, enabling mobile devices to better understand and respond to human commands. This has led to more accurate voice assistants and improved language translation capabilities.
Edge Computing: Mobile AI is increasingly being powered by edge computing, which processes data closer to the source, reducing latency and increasing responsiveness. This allows for real-time AI functionalities on mobile devices without relying heavily on cloud computing.
Browse Full Report Details @
https://www.marketresearchfuture.com/reports/mobile-ai-market-6779
The Mobile AI market is a thriving sector that continues to reshape the mobile industry. With key players driving innovation, ongoing advancements in technology, and an array of market opportunities, the future of Mobile AI looks promising. As AI capabilities continue to evolve, mobile devices are set to become even smarter, enabling users to experience a new level of convenience, personalization, and efficiency on the go.
Top Trending Reports:
Healthcare Edge Computing Market
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to 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 answer your most important questions.
Also, we are launching "Wantstats" the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
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
Website: https://www.marketresearchfuture.com
