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Cloud Tensor Processing Unit (TPU) Market By Product Type (TPU v2, TPU v3, Others) By End Users Applications (Deep Learning, Others) - Growth, Future Prospects, and Competitive Analysis, 2016 - 2028

Market Introduction of Cloud Tensor Processing Unit (TPU) Market

Google applications, including Translate, Photos, Search, Assistant, and Gmail are all powered by Cloud TPU, a machine learning ASIC that was specifically created for Google. Google's Tensor Processing Unit (TPU) is an artificial intelligence (AI) accelerator application-specific integrated circuit (ASIC) designed for neural network machine learning. In addition to making them available for third-party use as part of its cloud infrastructure and by selling a smaller version of the device.

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What is the Market Size of the Cloud Tensor Processing Unit (TPU) in terms of value?

In the upcoming years, the global market for Cloud Tensor Processing Unit (TPU) (TPU) is anticipated to grow at a sizable CAGR of XX%. The market for cloud Cloud Tensor Processing Unit (TPU) (TPUs) was estimated to be worth USD XX million in 2021 and was expected to grow to USD XX million by 2028. The demand for Cloud Tensor Processing Unit (TPU) is anticipated to rise sharply in the upcoming years. It is anticipated to open up business opportunities worth USD XX million for the major players in the sector between 2022 and 2028.

Which is the key Product Type segment in the Cloud Tensor Processing Unit (TPU) Market?

The TPU v3 segment registered a revenue share of over 35.0% of the total Cloud Tensor Processing Unit (TPU) in 2021. Cloud TPUs v3 can compute dense matrices and vectors very quickly. The speed of the PCIe bus is significantly slower than both the Cloud TPU v3 interface and the on-chip high bandwidth memory, so data transfer between the Cloud TPU v3 and host memory is slow in comparison to the speed of calculation (HBM). The TPU is idle the majority of the time while waiting for data to arrive across the PCIe bus due to partial compilation of a model, where execution switches back and forth between host and device. The programming model for Cloud TPU is created to execute most—if not all—of the training on the TPU to relieve this problem.

Interesting Facts about Cloud Tensor Processing Unit (TPU) Industry

  • The top countries in the Cloud Tensor Processing Unit (TPU) market are the US, Canada, China, India, Japan, and South Korea.
  • One of the main factors propelling the growth of the tensor processing unit market is the growing trend toward predictive analytics and monitoring to improve clinical or healthcare operations.
  • High operational costs as compared to its counterparts are projected to hinder the growth of the Cloud Tensor Processing Unit (TPU) market over the forecast period. 
  • North America region had a major share in terms of volume as well as value in the global Cloud Tensor Processing Unit (TPU) market in 2021 and is projected to continue its dominance over the forecast period.
  • Deep Learning to witness high growth during the forecast period.

Who are the Top players/companies in the Cloud Tensor Processing Unit (TPU) market in terms of value?

The key players in the global Cloud Tensor Processing Unit (TPU) market in terms of value include Google LLC, NVIDIA Corporation, AGM Global, Qualcomm, MediaTek Inc., Renesas Electronics, Intel Corporation, Xilinx Inc, Graphcore, and ARM Ltd. These major manufacturers are focusing on technological advancements and new product improvements to increase the quality of their Cloud Tensor Processing Unit (TPU) production and capture a competitive market share on a worldwide scale. A few regional and national firms are also making significant investments to diversify their product offerings and boost sales. For Instance, In May 2021, Google announced the release of TPU v4, the company's fourth-generation AI processing chip, which will increase TPU hardware performance by more than two times over that of TPU v3 devices.

Who are the Top 10 Countries in the Cloud Tensor Processing Unit (TPU) Market?

In the global Cloud Tensor Processing Unit (TPU) market, the major countries are China, India, South Korea, Australia, Mexico, the U.S., Canada, the U.K., Germany, and Japan. China is the major market for Cloud Tensor Processing Unit (TPU), with a major volume share in the global market in 2021. This growth was attributed to factors such as the increasing focus of IT companies on streamlining enterprise workflows and the expansion of initiatives or investments to support the development of connected or autonomous vehicles.

Which is the key End Users/Applications used in the Cloud Tensor Processing Unit (TPU) Market?

The Deep Learning category dominated the Cloud Tensor Processing Unit (TPU) market in 2021 with a total market share of more than 70.0%. The necessity for processors or hardware that can provide high-level processing power has become crucial due to the increasing need for machine learning (ML) training or AI-based workloads across companies. The use of TPU-type v3 chipsets can help give quicker data processing speeds, reduce power consumption, and make it a more affordable option. Tensor processing units' market growth may also be positively impacted by factors like rising investments in the construction or expansion of cloud data center facilities, a move toward infrastructures with higher user handling capacities, and the necessity of upgrading processing requirements for cloud computing applications across large enterprises over time.

What are the Major Driving Factors for Cloud Tensor Processing Unit (TPU) Market?

One of the main factors propelling the growth of the tensor processing unit market is the growing trend toward predictive analytics and monitoring to improve clinical or healthcare operations. Growing adoption of health monitoring platforms, a shift toward improving standard of care through the optimization of clinical and related medical operational procedures, and growing demand for real-time predictive analysis across the healthcare industry have all been linked to the market's expansion. The use of AI-based TPU chipsets for patient care regulation, early insight into patient care, health monitoring, and preventing medical errors can all help to increase demand. One of the main drivers propelling the market expansion for Cloud Tensor Processing Unit (TPU) can also be regarded as the rising need for connected and autonomous vehicles. One of the main applications for artificial intelligence is the impact that expanding advancements in mobility are having on the desire for connected and autonomous automobiles (AI).

What are the Major Restraints for Cloud Tensor Processing Unit (TPU) Market?

The key restraint of the global Cloud Tensor Processing Unit (TPU) market, which is projected to hamper the market growth, includes the market expansion of Cloud Tensor Processing Unit (TPU) is the lack of support for small-sized workload models. Because the topology used by these processing units differs from hardware platforms currently on the market, there are complications regarding their distribution and integration. Additionally, the fact that it can support operations with a narrow scope or specific workload models hinders its adoption across a variety of end-use industries. Additionally, Cloud Tensor Processing Units (TPU), or TPUs, are slower to adopt for small-scale application areas since they perform best for large models with very large batch sizes or workloads that are dominated by matrix multiplication.

Which Region Dominated the World Cloud Tensor Processing Unit (TPU) Market?

In 2021, the APAC region held the largest market share for Cloud Tensor Processing Unit (TPU), accounting for about 35% of the total market. This growth was attributed to factors such as the increasing focus of IT companies on streamlining enterprise workflows and the expansion of initiatives or investments to support the development of connected or autonomous vehicles. The region's need for a Cloud Tensor Processing Unit (TPU) may also be fueled by the adoption of cutting-edge technologies like AI, machine learning, and others by businesses, as well as the expanding need for powerful processors or hardware interfaces to enhance smartphone and gaming apps. The adoption of real-time predictive analytics and monitoring, the growing demand for smartwatches, fitness trackers, virtual reality or augmented reality devices, and other trends will also eventually increase the demand for hardware processors with accurate and fast data collection capabilities, such as Cloud Tensor Processing Unit (TPU). A personal health smart band with AI power called Muse Cue will be released in September 2020, according to an Indian tech business called Muse Wearables. With a skin temperature sensor, this band can provide context-aware activity tracking by early silent hypoxia detection as well as an intelligent cough analysis tool that can forecast and notify users when COVID-19 symptoms are about to appear. Over time, these advancements are expected to fuel the market expansion of AI-based chipsets.

Segmentation of Global Cloud Tensor Processing Unit (TPU) Market-

Global Cloud Tensor Processing Unit (TPU) Market – By Product Type

  • TPU v2
  • TPU v3
  • Others

Global Cloud Tensor Processing Unit (TPU) Market – By End Users/Applications

  • Deep Learning
  • Others

Global Cloud Tensor Processing Unit (TPU) Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global Cloud Tensor Processing Unit (TPU) market

The COVID 19 pandemic hurt the cloud tensor processing unit (TPU) market as well, which led to a decrease in income in 2020 as a result of the temporary suspension of several development projects.

North America accounted for the highest share in the global Cloud Tensor Processing Unit (TPU) market.

One of the main factors propelling the growth of the tensor processing unit market is the growing trend toward predictive analytics and monitoring to improve clinical or healthcare operations.

TPU v3 had a major share in 2021 with around 60% of the market revenue share

The Deep Learning segment had a major share in the global market.

Cloud Tensor Processing Unit (TPU) Market Scope

Report Attribute Details
Market Value in 2021 USD XX million
Market Value in 2028 USD XX million
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Aug 2022
Category:  Technology & Media
Report ID:   60610
Report Format:   PDF
Pages:   120
Rating:    4.6 (30)
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