Report Ocean presents a comprehensive research report on Cloud Tensor Processing Unit, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Cloud Tensor Processing Unit.
The global cloud tensor processing unit market size was US$ 16.4 billion in 2021. The global cloud tensor processing unit market size is forecast to reach US$ 89.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 16.4% during the forecast period from 2022 to 2032.
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Tensor Processing Units (TPUs) are application-specific integrated circuits (ASICs) that Google created specifically to speed up machine learning workloads. TPUs are created from the ground up with the help of Google’s extensive expertise and position as a machine learning pioneer. Businesses can use TensorFlow and Cloud TPU to run their machine learning workloads on Google’s TPU accelerator hardware. To assist researchers, developers, and businesses in creating TensorFlow compute clusters that may utilize CPUs, GPUs, and TPUs, Cloud TPU is built for optimal performance and versatility. High-level TensorFlow APIs make it easier for businesses to run models on Cloud TPU hardware.
Factors Influencing Market Growth
The growing technological advancements and a rise in demand in various end-user industries drive the global market.
The rising tendency toward using predictive analytics and monitoring to improve clinical or healthcare operations boosts the global market growth.
The increasing need for connected and autonomous vehicles fuels the global market growth.
The rising adoption of artificial intelligence, machine learning, and big data is forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. Complete lockdowns, the closure of manufacturing facilities, and the inability of manufacturers and software developers to produce creative goods all contributed to this. As a result, the market for cloud tensor processing units has suffered, which has led to the temporary suspension of several development projects and a decrease in revenue share in 2020.
Regional Analysis
The Asia Pacific region garnered a significant market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising focus of IT companies toward expanding internal processes and the expansion of projects with larger investments to support the development of connected or autonomous vehicles. In addition, the growing adoption of advanced technologies such as artificial intelligence, machine learning, etc., and the increasing need for advanced hardware and interfaces to enhance smartphone and gaming applications. Thus, these factors are driving the demand for the market in the region.
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Leading Competitors
The leading prominent companies profiled in the global cloud tensor processing unit market are:
Alphabet Incorporated
AGM Global
Intel Corporation
Graphcore
MediaTek
NVIDIA
Qualcomm
Renesas Electronics
SoftBank Group
Xilinx
Other Prominent Players
Scope of the Report
The global cloud tensor processing unit market segmentation focuses on Product, Application, End-User, and Region.
Segmentation based on Product
TPU v2
TPU v3
TPU v4
Others
Segmentation based on Application
Deep Learning
Smartphones
USB Accelerator
Industrial Gateways
Others
Segmentation based on End-User
IT and Telecom
Consumer Electronics
Medical Sector
Media and Entertainment
Automotive
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Meta Title: Cloud Tensor Processing Unit Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Cloud Tensor Processing Unit Market is projected to reach US$ 89.1 billion by the end of 2030 from US$ 16.4 billion in 2021, at a CAGR of 16.4%
Meta Keywords: cloud tensor processing unit market Size, cloud tensor processing unit market share, cloud tensor processing unit market trend, cloud tensor processing unit market Forecast, cloud tensor processing unit market insight
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