Asia Pacific Deep Learning Chip Market: Rising Significance of Quantum Computing is Propelling the Growth of the Market Science Market Reports -…

Thedeep learning chip marketin Asia Pacific is expected to grow from US$ 372.0 Mn in 2018 to US$ 5,702.2 Mn by the year 2027 with a CAGR of 35.7% from the year 2019 to 2027.

Driving factor such as the rising significance of quantum computing is propelling the growth of thedeep learning chip market. Further, the growing adoption of deep learning chips mainly for edge devices is anticipated to propel the deep learning chip market growth in the near future. Quantum computing takes seconds to finish a calculation that would otherwise takes more time. Quantum computers are an innovative transformation of artificial intelligence, machine learning, and big data. Therefore, prominence of quantum computing is expected to drive the growth of deep learning chip market.

The Asia Pacific Deep Learning Chip Market is growing along with the Technology, Media and Telecommunications industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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The China dominated the deep learning chip market in 2018 and is expected to dominate the market with the highest share in the Asia Pacific region through the forecast period. The creation of Chinas first national laboratory for deep learning, was initiated in Beijing in a move that could help the country surpass the US in developing AI. In 2017, The National Development and Reform Commission (NDRC) approved the plan to open up a national engineering lab for researching and implementing deep learning technologies. China is at the forefront of new and emerging technologies such as AI, and the adoption and implementation rate of AI is high across all major industry verticals. The government is keen in maintaining Chinas stronghold and competitiveness, especially in the adoption of advanced technologies. The above-mentioned factors are, therefore, contributing to the growth of the deep learning chip market in the country.

These factorsare expectedto offer broad growth opportunities in the Technology, Media and Telecommunications industry and this is expected to cause the demand forAsia Pacific Deep Learning Chip Market in the market.

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ASIA PACIFIC DEEP LEARNING CHIP MARKET SEGMENTATION

ASIA PACIFIC DEEP LEARNING CHIP By Chip Type

ASIA PACIFIC DEEP LEARNING CHIP By Technology

ASIA PACIFIC DEEP LEARNING CHIP By Industry Vertical

ASIA PACIFIC DEEP LEARNING CHIP By Country

Deep Learning Chip Market Companies Mentioned

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Asia Pacific Deep Learning Chip Market: Rising Significance of Quantum Computing is Propelling the Growth of the Market Science Market Reports -...