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Reports
Rise in the use of artificial intelligence (AI) in smartphones is projected to drive the sales growth in the global mobile artificial intelligence (AI) market during the forecast period of 2021 to 2031.
An upcoming study by Transparency Market Research (TMR) delivers exclusive assessment of major factors showing impact on the growth of the global mobile artificial intelligence (AI) market. Hence, this report provides in-depth assessment of key factors such as growth drivers, current and historical trends, restraints, R&Ds, challenges, and investment opportunities in the mobile artificial intelligence (AI) market.
The study analysts have segmented all data from the global mobile artificial intelligence (AI) market based on many important parameters such as component, technology node, application, and region. On the basis of component, the market is classified into software, services, and hardware.
AI technology is being increasingly utilized in diverse applications including automotive, video gaming, and industrial, notes a TMR study on the mobile artificial intelligence (AI) market. Moreover, the technology is being adopted by the smartphones industry beyond applications including digital assistants. Many mobile manufacturers across the globe are focusing on the development of AI features intended for smartphones as per the needs of end-users. Such initiatives are prognosticated to fuel the growth prospects in the global mobile artificial intelligence (AI) market during the forecast period.
In the recent years, there has been rise in the investments in different AI-based technologies. This factor is driving the sales prospects in the global mobile artificial intelligence (AI) market. Moreover, the mobile artificial intelligence (AI) market is being driven by a surge in the demand for AI-capable processors across the globe.
Government authorities of several nations are implementing different favorable policies that encourage start-up culture. This factor is fueling the demand avenues in the global market for mobile artificial intelligence (AI). Cameras, smartphones, automotive, drones, AR/VR, and robotics are some of the key applications of products from the mobile artificial intelligence (AI) market.
The global mobile artificial intelligence (AI) market seems to be moderately fragmented in nature. The market experiences existence of many well-entrenched companies. Hence, the competition landscape of the market for mobile artificial intelligence (AI) is intense. Enterprises operating in mobile artificial intelligence (AI) market are using diverse strategies such as mergers, acquisitions, partnerships, and collaborations in order to maintain their leading positions.
Several companies operating in the mobile artificial intelligence (AI) market are investing heavily in R&Ds in order to develop technologically advanced products. Moreover, players in the mobile artificial intelligence (AI) market are focusing on providing cost-efficient and highly advanced products and solutions intended for different applications. Such initiatives are prognosticated to help the mobile artificial intelligence (AI) market to expand at prominent pace in the upcoming years.
The list of key players in the global mobile artificial intelligence (AI) market includes:
Based on region, the global mobile artificial intelligence (AI) market is divided into Europe, Asia Pacific, LAMEA, and North America. Among all, North America is one of the dominant regions of the market for mobile artificial intelligence (AI). The North America mobile artificial intelligence (AI) market is estimated to expand on the back of several key factors such as presence of favorable government policies intended for start-ups and early adoption of technologies in the region.
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Mobile Artificial Intelligence (AI) Market
