Mobile artificial intelligence has formed an enormous influence on human interaction with machines and devices, in various industries such as travel, telecom, utility, advertisement, and machinery industry. It has the ability to execute and end monotonous jobs which are excessively exhausting for people. It is also used to discover areas extremely with ease by using augmented reality and is required in fields which require a high level of exactness and accuracy. The global mobile artificial intelligence market is growing at a significant rate, due to the mounting requirement for AI-capable processors in mobile devices and upsurge of cognitive computing. Different applications such as drones, smartphones, cameras, and automotive contributed to the mobile artificial intelligence market size. The market has witnessed a high demand for the smartphone segment in the coming years due to the mounting necessity for quicker computing, advanced security, low latency, and less dependence on connectivity.
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The big tech companies in developing technologies, such as augmented reality and virtual reality, which is further facilitating the growth of the market. For instance, Qualcomm Incorporated introduced a new virtual reality (VR) orientation platform created on the powerful Qualcomm Snapdragon 845 Mobile Platform, to deliver novel advancement in technology and to capitalize budding standalone and smartphone VR industry.
Geographically, North America is the largest mobile artificial intelligence market due to the mounting requirement for AI-capable processors in mobile devices. In addition, technological advancement in smartphone image recognition, and big tech companies in developing technologies, such as augmented reality and virtual reality are also facilitating the growth of the North American mobile artificial intelligence market.
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Asia-Pacific is observed to witness the fastest growth in the market due to mounting government spending. In addition, developing number of AI applications, and the upsurge of cognitive computing are also supporting the growth of the Asia-Pacific mobile artificial intelligence market.
NVIDIA, International Business Machines Corporation (IBM), Samsung, Intel, Apple, Alphabet, Inc. (Google), Microsoft Corporation, MediaTek, Qualcomm Incorporated, and Huawei (Hisilicon) are the key players offering mobile artificial intelligence solutions.