Mobile AI Industry Applications, Outstanding Growth, Market status, Business Opportunities

Mobile AI Industry Applications, Outstanding Growth, Market status, Business Opportunities

Global Mobile AI Market Research Report, by Mobile Platform (Android, iOS, Windows), by Application (Virtual Assistant, Camera, Chatbots, Navigation, Drones), by Vertical (Finance, Education, Travel & Tourism, Media & Entertainment) – Forecast till 2023

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), and Google Inc (US), Graphcore (UK).

Market synopsis

Mobile devices provide convenience in accessing information and services using email, web, apps, and multimedia features while artificial intelligence uses algorithms and cognitive functions to build a system that can perform tasks and functions similar to humans. The combination of both enables the mobile phone to improve its capabilities beyond its basic features by increasing its computational power. Mobile phones are constantly becoming faster, better, cheaper, and reliable. Mobile phone thus has become a widely adopted consumer electronic the device, which when integrated with AI capabilities enhances the user experience. Al algorithms use a large amount of data to learn and train the AI models which give mobile phones, an ability to predict the users’ behavior and take actions accordingly on their behalf. AI chipsets are being used to increase the computational power of mobile devices and make them run AI-enabled applications.

The increasing demand for on-device AI processing is driving the growth of the mobile AI market. AI-enabled processors help mobile devices to better process machine learning tasks, gain performance and energy-saving features which boost the user experience. This has led to an increase in demand for on-device AI processing. For instance, Apple’s A11 Bionic chip, which is an AI-enabled chip with the neural engine used in their latest iPhone X, adding the high accuracy face locking feature for mobile security. The investments for on-device AI-enabled processors are increasing, which is supporting advanced algorithms for building deep learning systems. The rising mobile AI application is also driving the mobile AI market towards growth. The mobile apps are build using AI algorithms that are being applied to nearly everything the user does — buying a product, interacting with virtual assistants on the smartphone, watching a film and others. These applications can predict what the user will do next and take required actions on his behalf which aids in delivering a unique experience to the users. This results in an increasing demand for mobile AI applications. However, the mobile AI processors are expensive which restrains the market growth as these processors can only be used in premium mobile devices.

The global mobile AI market is expected to generate a market value of USD 10.28 billion by 2023 growing at a 29.52% CAGR during the forecast period 2018–2023

Segmentation

Global mobile AI market study aims at different segments such as mobile platform, application, vertical, regions and estimating market growth across these segments

By mobile the platform, the market is segmented into Android, iOS, and Windows.

By application, the market is segmented into a virtual assistant, navigation, camera, chatbots, drones, and others.

By vertical, the market is segmented into healthcare, finance, education, travel & tourism, media & entertainment, and others.

Regional analysis

The global market for mobile, AI is estimated to grow at a significant rate during the forecast the period from 2018 to 2023. The geographical analysis of mobile AI market is done for North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific is expected to be the fastest-growing market for mobile AI due to the large number of mobile manufacturers present in this region, which manufacture on-device AI processors. Also, the major investments for research and development in the field of AI helps the market to grow, paving the way for business expansion opportunities in the market.

North America is expected to dominate the market of mobile AI during the forecast period since the companies are adopting various technologies to integrate artificial intelligence in smartphones. Moreover, this region consists of major key players such as NVIDIA Corporation, IBM Corporation, Qualcomm, and others which are expected to drive the growth of the mobile AI market in this region. 

Intended Audience

·        Market research and consulting firms

·        Governments and financial institutions

·        Original equipment manufacturers (OEMs)

·        Research institutes

·        Raw material and manufacturing equipment suppliers

·        Forums, alliances, and associations

·        Technology investors

·        Analysts and strategic business planners

·        End users willing to study the technological advancements in mobile AI industry

TABLE OF CONTENTS1 Executive Summary2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market LandscapeContinued……. LIST OF TABLES

Table 1 Global Mobile AI Market, By Region, 2018–2023

Table 2 North America: Mobile AI Market, By Country, 2018–2023

Table 3 Europe: Mobile AI Market, By Country, 2018–2023

Table 4 Asia-Pacific: Mobile AI Market, By Country, 2018–2023

Table 5 Rest Of The World: Mobile AI Market, By Country, 2018–2023

Continued…….

LIST OF FIGURES

FIGURE 1 Global Mobile AI Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Mobile AI Market

FIGURE 4 Value Chain Of Global Mobile AI Market

FIGURE 5 Share Of Global Mobile AI Market In 2017, By Country (In %)

Continued……. About Market Research Future:

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