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The hardware artificial intelligence market has witnessed exponential growth, soaring from $6.91 billion in 2023 to $8.44 billion in 2024, reflecting a compound annual growth rate (CAGR) of 22.3%. This surge is driven by the rapid expansion of data volumes, performance enhancements, the demand for low-latency solutions, energy-efficient hardware requirements, adherence to regulatory compliance and standards, and global market competition dynamics. Looking ahead, the market is poised for continued exponential growth, projected to reach $18.50 billion by 2028, with a compound annual growth rate (CAGR) of 21.7%. The anticipated growth is fueled by advancements in AI algorithms, heightened concerns regarding security and privacy, the need for scalable and flexible hardware solutions, and the proliferation of industry-specific AI applications. Major trends in the forecast period include AI hardware-as-a-service models, hardware innovations for autonomous systems, the development of on-chip memory hierarchies, and the integration of ethical considerations in AI hardware design.

The hardware artificial intelligence market is expected to expand due to the increasing number of internet consumers globally. With approximately 5.3 billion global internet users in 2022, constituting 66% of the global population, as reported by the International Telecommunication Union, the demand for hardware AI grows. Hardware AI enhances user experiences by enabling faster data processing and expanding internet access through advancements in devices like smartphones and IoT devices, thus propelling market growth.

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What Are The Key Trends That Influence Hardware Artificial Intelligence Market Share Analysis?
Major companies in the hardware artificial intelligence market are developing advanced AI chips to cater to the increasing demand for specialized AI computing hardware. These chips are designed to efficiently handle AI workloads. For instance, Advanced Micro Devices launched the Instinct MI300X and Instinct M1300A in December 2023, optimized for training large language models and enhancing generative AI capabilities.

Which Market Players Are Driving Growth In The Hardware Artificial Intelligence Market?
Major companies operating in the market areGoogle Plc, Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Bosch GmbH, Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Xilinx Inc., Oracle Corporation, Honeywell International Inc., Micron Technology, NVIDIA Corporation, Hewlett Packard Enterprise, Toyota Industries Corporation, Safran S.A., Thales Group, Leidos Holdings Inc., Rockwell Automation Inc., The Smiths Group plc, Arm Limited, Axis Communication AB, Inspur Information Technology Co. Ltd., OSI Systems Inc., Graphcore Limited

How Is The Global Hardware Artificial Intelligence Market Segmented?
The hardware artificial intelligence market covered in this report is segmented –
1) By Type: Processor, Network, Storage
2) By Product: Central Processing Unit (CPU), Graphics Processing Unit (GPU), Application-Specific Integrated Circuit (ASIC), Field-Programmable Gate Array (FPGA), Memory, Modules
3) By Technology: Machine Learning, Computer Vision, Other Technologies
4) By End Use Industry: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecommunication, Healthcare, Media And Entertainment, Aerospace And Defense, Manufacturing, Automotive, Agriculture, Retail, Other End Users

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The Hardware Artificial Intelligence Global Market Report 2024 provides an overview of the hardware artificial intelligencemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The hardware artificial intelligence market forecast analyzes hardware artificial intelligence market size, hardware artificial intelligence market share, leading competitor and their market positions.

The Table Of Content For The Hardware Artificial Intelligence Market Include
1. Hardware Artificial Intelligence Market Executive Summary
2. Hardware Artificial Intelligence Market Segments
3. Hardware Artificial Intelligence Market Size And Template Market Growth Rate
4.  Key Hardware Artificial Intelligence Market Trends
5. Major Hardware Artificial Intelligence Market Drivers
……
25. Key Mergers And Acquisitions In The Hardware Artificial Intelligence Market
26. Top Hardware Artificial Intelligence Companies
27. Hardware Artificial Intelligence Market Opportunities And Strategies
28. Hardware Artificial Intelligence Market, Conclusions And Recommendations
29. Appendix

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