HOME Research Insight Intel (US) and NVIDIA (US) are the Top 2 Players in Artificial Intelligence Market

Intel (US) and NVIDIA (US) are the Top 2 Players in Artificial Intelligence Market

The artificial intelligence market is anticipated to grow at a CAGR of 36.62% between 2018 and 2025 and reach USD 190.61 Billion by 2025. The key players in the artificial intelligence market include Intel (US), NVIDIA (US), IBM (US), Xilinx (US), Samsung (South Korea), Facebook (US), Micron Technology (US), Google (US), Microsoft (US), and AWS (US).

Top 2 Players in Artificial Intelligence Market

Intel is among the market leaders in the design and manufacture of advanced integrated digital technology platforms. The company has robust market presence, especially in the PC and data center market, and invests significantly in R&D, which has resulted in its strong position in the AI market. In the past 2 years, Intel has significantly demonstrated its strong inorganic growth strategy. In January 2018, Intel partnered with BMW, Nissan, SAIC Motor, Volkswagen, Paramount Pictures, and Ferrari North America to showcase “how data is transforming the world and driving the next great wave of technology innovation, from autonomous driving to artificial intelligence (AI) to virtual reality (VR), and other forms of immersive media, at the Consumer Electronics Show (CES).

NVIDIA is among the leaders in the visual computing business. The company has a well-established geographic footprint and mainly deals with major OEMs/ODMs all over the world. The company continues to lead in the development of new products for the AI market. Jetson TX-2 for edge AI devices was one of the most prominent product launches by the company. The company has significantly invested in R&D (21.2% of revenue in 2016). Till now, it has made a total R&D investment of over USD 13 billion since its inception. Currently, the company is focusing on organic strategies, such as product launches, to expand its offerings in various AI applications. For instance, in January 2018, NVIDIA announced a new architecture of “NVIDIA DRIVE,” its AI autonomous vehicle platform, which uses redundant and diverse functions to enable vehicles to operate safely, even in the event of faults related to the operator, environment, or system.

Related Reports:

Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025

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