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Artificial Intelligence For Edge Devices Market Analysis, Trends, Development and Growth Opportunities by Forecast 2032

01-10-2023 03:31 PM CET | IT, New Media & Software

Press release from: Analytics Market Research

Artificial Intelligence For Edge Devices Market

Artificial Intelligence For Edge Devices Market

Artificial Intelligence For Edge Devices Market size was valued at USD 870.87 Million in 2020 and is projected to reach USD 3104.28 Million by 2028, growing at a CAGR of 20.46% from 2021 to 2028.
The equipment and tools known as "Edge AI Hardware" are used to process and power robots and other artificial intelligence-based devices. By processing the data in the hardware itself, these tools and equipment are utilised to integrate and enhance the processing of artificial intelligence systems. And in this process, neither cloud computing nor cloud technologies are necessary. The device can make decisions on its own thanks to this capability.

A neural network model, often created using deep learning, is deployed onto computer devices as part of the inference process. Then, as incoming data is processed, this device will search for and identify everything it has been trained to recognise, Although deep learning inference can be performed on the cloud, edge AI is still required.

Market Dynamics:
Drivers:'
The opportunity in semiconductor firms is growing thanks to the increased use of artificial intelligence (AI). The market is expected to develop due to the adoption of edge AI devices in powerful analytics. The industry is expected to rise as a result of factors like the availability of affordable AI hardware and affordable connectivity.

Market expansion is being fueled by the trend of condensing huge AI models into compact hardware forms. Low latency provided by edge AI hardware is anticipated to accelerate the market growth for edge AI hardware in this region. Leading corporations like Intel and Facebook worked together to create AI chips that make machine learning deployment extremely affordable and effective.

Restraint:
The expansion of the market may be hampered by a lack of talent and limited on-device training, and the main barrier to the edge AI hardware market is a lack of AI professionals.
Opportunities
Edge AI hardware market opportunities to accelerate market expansion include the surge in demand for edge computing in IoT and dedicated AI processors for on-device image analytics.

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Global Artificial Intelligence for Edge Devices Market: Major Players
• Alibaba
• Mythic
• Horizon Robotics
• Cambricon
• Synopsys
• Arm
• Google
• MediaTek
• Baidu
• NXP
• Qualcomm
• Microsoft
• NVIDIA
• Intel

Global Artificial Intelligence for Edge Devices Market: Types
• Hardware
• Software

Global Artificial Intelligence for Edge Devices Market: Applications
• Automotive
• Consumer and Enterprise Robotics
• Drones
• Head-Mounted Displays
• Smart Speakers
• Mobile Phones
• PCs/Tablets
• Security Cameras

Global Artificial Intelligence for Edge Devices Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Artificial Intelligence for Edge Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Reasons to Purchase
• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
• Besides the standard structure reports, we also provide custom research according to specific requirements.

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Key Questions Answered in This Report:
• How has the global Market performed so far and how will it perform in the coming years?
• What are the key regional Markets?
• What has been the impact of COVID-19 on the global Market?
• What is the breakup of the Market based on the type?
• What is the breakup of the Market based on the application?
• What is the breakup of the Market based on the manufacturing process?
• What is the breakup of the Market based on the price range?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global Market and who are the key players?
• What is the degree of competition in the industry?

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About Analytics Market Research
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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