Mobile AI Market Overview:
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.
The global Mobile AI is growing rapidly, mainly due to growing AI and hyper-scale computing applications. Besides, the growing integration of AI with the digital flow and custom/analog tool suites drive the market growth. With the proliferation of hyper-scale computing, 5G communications, and smart mobile phones, the market is projected to witness significant gains in the next few years.
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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)
Mobile AI is garnering greater opportunities due to its ability to make continuous improvements. Due to the constant development in holographic technology, the application range of mobile AI is getting wider and wider.
Moreover, the rising automation and digitization worldwide substantiate market revenue. The growing need for digital transformations in various industries escalates the market shares further. The increasing number of AI-based products & services and AI-enabled mobile applications boost the market size.
On the other hand, the lack of AI standards and technical expertise are major factors expected to impede market growth. Nevertheless, growing industry competition and focus on business intelligence would support market growth throughout the review period.
Global Mobile AI Market – Segments
The report is segmented into mobile platforms, applications, verticals, and regions. The mobile platform segment is bifurcated into iOS, Android, and Windows. The application segment is bifurcated into virtual assistants, cameras, navigations, chatbots, drones, and others. The vertical segment is bifurcated into finance, healthcare, education, media & entertainment, travel & tourism, and others.
Global Mobile AI Market – Regional Analysis
North America dominates the global mobile AI market, mainly due to the wide adoption of smartphones. Additionally, the presence of the majority of key players such as NVIDIA, Microsoft, Intel, and Google drives the growth of the regional market.
Increasing R&D investments to develop digital transformation and AI technologies foster the region’s market shares. The increasing demand for intelligent virtual assistants in the region boosts the market shares.
Global Mobile AI Market – Competitive Analysis
The mobile AI market appears highly competitive and fragmented, with several well-established players forming a competitive landscape. Payers adopt strategies such as collaborations, mergers & acquisitions, and innovations to gain a larger competitive share. They make substantial investments in developing low-cost, compact components, emphasizing improved after sales-services to end-users.
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Oct.20, 2021 — Snapdragon showed how AI processing is critical for smartphones and benchmarks. AI or machine learning processing requires for enhancing smartphone experiences. From recommendation engines to translation and computational photography and more mobile AI requires.
The company has resourced R&D for its silicon solutions concerning mobile AI and the critical software SDKs and libraries, requiring mobile platform and software ecosystem developers to optimize apps for efficient utilization of mobile platform solutions.
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