Artificial intelligence has been in high demand across diverse applications in the last few years. Advancements in technology are expected to play an important role in the market, which is expected to support the development of the market in the next few years. The current trends, opportunities, and the growth prospects in the market have been discussed thoroughly in the scope of the research report.
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The emergence of edge computing in the Internet of Things is projected to accelerate the development of the mobile artificial intelligence market in the coming years. The growing demand for cognitive computing is further predicted to drive the market in the near future. On the other hand, the high pricing of artificial processors and the lack of artificial intelligence experts are expected to inhibit the growth over the next few years. Nonetheless, the rise in the number of artificial intelligence applications is anticipated to ensure the growth in the coming few years.
Global Mobile Artificial Intelligence (AI) Market: Market Potential
A tremendous rise in the use of mobile phone, especially in emerging economies is projected to ensure the growth of the global mobile artificial intelligence market in the next few years. The rising demand for artificial-intelligence-capable processors in the mobile devices is further estimated to accelerate the development of the overall market in the next few years. In addition to this, the introduction of low-cost artificial intelligence chips for cameras and the launch of vision applications in the mobile devices are some of the other main factors that are likely to support the market growth in the next few years.
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The global mobile artificial intelligence (AI) market has been classified on the basis of geography into Latin America, the Middle East and Africa, Europe, North America, and Asia Pacific. In terms of market share, the North America segment is projected to lead the global mobile artificial intelligence market over the next few years. The presence of several prominent players and the increasing research activities are expected to ensure the growth of the mobile artificial intelligence (AI) market in the coming few years. On the other hand, the mobile artificial intelligence (AI) market across Asia Pacific is predicted to ensure a high growth in the next few years. The increasing population and the rising use of smart phones are estimated to accelerate market growth in the near future.