Global Artificial Intelligence (AI) Chips Market 2019-2023 39% CAGR Projection Through 2023 Technavio

LONDON--(BUSINESS WIRE)--The global artificial intelligence (AI) chips market is expected to post a CAGR of around 39% during the period 2019-2023, according to the latest market research report by Technavio. The growth in the generation of large volumes of data has increased the deployment of data centers across the world. As data centers process massive amounts of data, the need for improving their efficiency and reducing operational costs has become imperative. Hence, data center operators are increasingly adopting AI technologies to improve energy efficiency, infrastructure management, server optimization, security, and others. This is encouraging market vendors to introduce AI chips specifically designed for data center applications, which is driving the growth of the market.