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Europe Artificial Intelligence (AI) Chipsets Market

Europe Artificial Intelligence (AI) Chipsets Market

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Europe Artificial Intelligence (AI) Chipsets Market

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  1. Europe Artificial Intelligence Chipsets Market Revenue to Exceed USD 9 Billion by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Europe artificial intelligence chipsets market in will reportedly showcase substantial growth during the forecast period of 2020-2026. In fact, this market is set to cross $9.0 billion by 2026, according to market experts. A major reason for this is being credited to the steady increase in the initiatives taken by governments across the region. There is a rise in demand among the regional population for smart cities which has prompted the authorities to take appropriate steps regarding the same. For example, the European Union (EU) announced in December 2020 that it will provide funds worth $5.5 million for an initiative titled ‘AI4Cities’ which focuses on the development of smart cities with the help of advanced technologies like AI, 5G network connectivity and IoT (Internet of Things). This will be a three-year plan wherein six smart cities will be developed. These cities are Stavanger, Paris, Tallinn, Helsinki, Copenhagen and Amsterdam. This drive is expected to achieve its goal by December 2022. Germany is reported to play a vital role in fostering the growth of Europe artificial intelligence chipsets market. In fact, the market share in this country is expected to grow at 34% CAGR through 2026. This is attributed to the rising presence of several reputed auto manufacturers like Audi, Volkswagen, BMW Group, Daimler AG among others. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Browse detailed statistical insights from the report, “Europe Artificial Intelligence (AI) Chipsets Market” along with the table of contents (ToC) @https://bit.ly/32XfoHF Get sample copy of this research report @ https://www.graphicalresearch.com/request/1764/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Europe Artificial Intelligence chipsets market will experience steady demand from the network security application segment, expanding at 30% CAGR during the forecast period. This growth is a result of increasing use of advanced technologies like cloud computing and big data in various sectors like education, IT & telecom and banking. There are several inefficiencies that these sectors face like lack of proper maintenance, connectivity issues, low quality network and troubleshooting. All these problems can be overcome with the help of AI chipsets. AI chipsets market share in Europe from consumer electronics is expected to grow at a CAGR of 35% up to 2026. This is because there is rapid increase in demand for 5G technology in laptops, smartphones and other devices among the youth in the region. There are numerous advantages of using this technology like higher data transmission and processing and higher connectivity speed. According to a report released by the EU 5G-Observatory in December 2020, 24 countries along with the UK have received 5G services. There are several companies that are indulging in strategic partnerships to not only increase their presence across different regions outside Europe but to increase their business capabilities as well. These agreements help in creating technologically advanced products as well. For example, in October 2019, Almotive announced its collaboration with Nextchip to use its aiWare Neural Network (NN) Inference Accelerator in Nextchip’s imaging edge processor called Apache5. This will help in creating automated imaging processors which can be used in technologically advanced vehicles. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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