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Global Artificial Intelligence (AI) in Hardware Market size was valued at USD 13.3 Billion in 2022 and is poised to grow from USD 23.5 Billion in 2023 to USD 84.9 Billion by 2031, growing at a CAGR of 15.5% in the forecast period (2024-2031). 

Global Artificial Intelligence (AI) in Hardware Market is competitive, with many major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. For instance, NVIDIA offers its expertise in GPU systems and accelerators designed specifically for the AI industry. These GPUs are optimized for parallel processing, making them ideal for training and inference tasks in deep learning models. Meanwhile, AWS brings its extensive cloud computing infrastructure and global reach to the partnership, providing scalable computing resources and storage solutions to support AI performance. Nvidia and AWS are integrating each of their technologies to create a comprehensive AI infrastructure solution for the cloud. This solution allows enterprises and organizations to leverage NVIDIA's high-performance GPUs in AWS' cloud environment and enables seamless deployment and scaling of AI applications. Customers can access NVIDIA GPU instances on AWS to train AI models that produce very hard for the computing power required.  'NVIDIA (US) ', 'Intel (US) ', 'IBM Corporation (US) ', 'Qualcomm Technologies (US) ', 'AMD (Advanced Micro Devices, Inc.) (US) ', 'Google LLC (US) ', 'Apple Inc. (US) ', 'Microsoft Corporation (US) ', 'Amazon Web Services, Inc. (AWS) (US) ', 'Xilinx, Inc. (now part of AMD) (US) ', 'ARM Holdings plc (UK) ', 'Graphcore (UK) ', 'Cerebras Systems (US) ', 'Huawei Technologies Co., Ltd. (China) ', 'Baidu, Inc. (China) ', 'Alibaba Group Holding Limited (China) ', 'Tencent Holdings Ltd. (China) ', 'Samsung Electronics Co., Ltd. (South Korea) ', 'Fujitsu Limited (Japan) ', 'Mythic Inc. (US)'

Constant innovation and advancement in hardware technology is fueling growth in the global Artificial Intelligence (AI) in Hardware Market. With advances in the semiconductor industry, including the development of specialized AI chips such as GPUs (Graphics Processing Units) and TPUs (Tensor Processing Units), these advances enhance, and expand, the performance and functionality of AI systems AI applications and helps in market expansion. 

Growing Demand for Specialized AI Hardware: The global Artificial Intelligence (AI) in Hardware Market is witnessing several key trends that are changing the landscape of the industry and driving its growth trajectory. A key trend is the increasing demand for specialized AI hardware designed for specific tasks and specific industries. As AI technology becomes increasingly ubiquitous across industries, the need for customized hardware solutions increases to meet the unique computing needs of various applications such as natural language functionality, computer vision, autonomous driving etc. This trend drives innovation among hardware manufacturers -Units are evolving Another important trend is the rise of edge AI hardware solutions, driven by the proliferation of Internet of Things (IoT) devices and the need for real-time operations and calculated at the network edge.

As a hub for technological innovation and home to leading AI hardware manufacturers, North America occupies a dominant position in the global market. AI provides a conducive environment for hardware development and commercialization, the sector benefits from a strong ecosystem that includes tech giants, start-ups, research institutes and venture capitalists. Furthermore, market does the presence of major players such as NVIDIA, Intel and Google contribute to North America’s leadership in innovation and setting industry standards. 

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Artificial Intelligence (AI) in Hardware Market

Product ID: SQMIG45I2192