Technology & Telecommunications

According to a market report by Lucintel, the future of the global hardware artificial intelligence market looks promising with opportunities in the banking, financial services and insurance (BFSI), IT and telecommunication, healthcare, media and entertainment, aerospace and defense, manufacturing, automotive, agriculture, retail, energy and utility, and government and public service end use industries.  The global hardware artificial intelligence market is expected to reach an estimated $12.3 billion by 2028 with a CAGR of 20.7% from 2023 to 2028. The major drivers for this market are rapidly increasing number of internet users, rising demand for programmable switches and interconnection so as to enhance the speed, and growing adoption of AI and robotics in the end-use industries, such as IT, automotive, healthcare, and manufacturing.



In this market, processor, network, and storage are different types of hardware artificial intelligence. Lucintel forecasts that processor will remain the largest type segment over the forecast period as it helps in machine learning that consists of deep learning, reinforcement learning supervised, and unsupervised learning.



Within this market, IT and telecommunication will remain the largest end use industry segment from 2023 to 2028 due to increasing adoption of artificial intelligence in the telecom sector as it helps in solving many complex problems associated with the telecommunication industry.



North America will remain the largest region during the forecast period due to increasing computer service industry and growing demand for continuous online learning, real-time data streaming, predictive analysis, and data modeling in countries, like US and Canada.



Intel Corporation, Dell Technologies, IBM, Hewlett Packard Enterprise, Rockwell Automation, Google, Microsoft, and NVIDIA are the major suppliers in the global hardware artificial intelligence market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global hardware artificial intelligence market by type, product, technology, end user, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Hardware Artificial Intelligence Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global hardware artificial intelligence market by type, product, technology, end user, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the hardware artificial intelligence market by type (processor, network, and storage), product (CPU, GPU, ASIC, FPGA, memory, and modules), technology (machine learning [supervised learning, un-supervised learning, deep learning, and others], computer vision, and others),  end use industry (banking, financial services and insurance (BFSI), IT and telecommunication, healthcare, media and entertainment, aerospace and defense, manufacturing, automotive, agriculture, retail, energy and utilities, and government and public services), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11.  What M&A activity did occur in the last five years and how did they impact the industry?