Global Mobile AI Market is Estimated to Grow at 24.25% CAGR during the Forecast Period 2022-2030

MRFR Press Release/- Market Research Future published a half-cooked research report on the global mobile AI market.

Market Highlights

Mobile AI is revolutionizing the way smartphones are used. AI helps to bring the features to the mobile devices such as language translator, voice assistants, improved security of the device, and predicting user behavior. AI system learns from the user’s behavior patterns of using the mobile phone such as closing background application in few hour intervals, switching to silent mode when reaching office. AI integrated with the mobile device can identify these patterns and make the device work automatically over time, which improves the user experience and can lead to an increase in demand for AI-enabled mobile devices resulting in the growth of mobile AI market.

Artificial Intelligence is expected to bring tremendous change in the mobile industry for improvising mobile services. These changes include the introduction of chatbots, personalized applications, enhancing the search experience, and helps in mobile app marketing. Soon the 5G smartphones are expected to incorporate AI which can to help companies in collect, store, and processes real-time data, using which companies can provide advanced personalize the mobile experience to their users and can take advantage of this technology to grow their business.

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Key players

The prominent players in the mobile AI market are Apple Inc (US), NVIDIA (US), Huawei (China), Samsung Electronics (South Korea), Amazon Inc (US) Qualcomm (US),  Intel Corporation (US), IBM Corporation (US), Microsoft Corporation (US), MediaTek (Taiwan), and Google Inc (US),Graphcore (UK).

Regional analysis

The global market for mobile AI is estimated to grow at a significant rate during the forecast period from 2022 to 2030. The geographical analysis of mobile AI market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific is expected to be the fastest growing region for mobile AI market during the forecast period. China accounts for the largest market share in this region for mobile artificial intelligence. The applications such as virtual assistant and chatbots show huge growth potential in this market. AI start-ups in China are raising funds to produce the AI-processors, due to which it is expected to be the fastest growing region in the market.

North America is expected to dominate the market due to the presence of considerable number of key players and companies in this region are manufacturing the AI processors to bring built-in AI features to the smartphones. Europe is expected to rank second in terms of market growth in the mobile AI market owing to the increasing government support for AI-startups. The rest of the world is expected to show relatively slow growth for mobile AI market. The Middle East is contributing with a large market share among the countries of the rest of the world, owing to the increasing AI-enabled smartphone penetration in this region which results in the increasing use of mobile phones in enterprises to increase the productivity and efficiency.