APAC Is Dominating Edge AI Hardware Market
The main drivers of this are the proliferation of edge computing devices and services, as well as improvements in Realtime low latency. The inclusion of an artificial intelligence in the device will provide more functionality, The processing of information is made faster, easier and more precise.
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Moreover, the market is sighting opportunities for development as a result of increasing research and development investments for emerging enhanced gadgets and rising confidentiality and security issues.
Moreover, the market is expected to rise, as a result of the rapidly expanding adoption of AI, IoT, and 5G technologies across industrial verticals, such as government, BFSI, retail, hospitality, and consumer goods.
Smart cities require a range of systems to aid the life cycle of individuals better in both quantitative and qualitative manner. Such systems come in a range of forms, such as smart energy, smart farming, smart manufacturing, smart buildings, smart healthcare, and smart houses. Since more individuals opt to live in metropolises, there will probably be a larger demand for robotic services in day-to-day life. Therefore, the need for smart houses is becoming a luxury to major need.
Because of the introduction of 5G in the region, the increasing count of IoT-combined devices, and the growing usage of smartphones in South Korea, China, India, and Japan, in 2022, APAC generated the highest revenue share in the market. Moreover, the increasing need for a vision processing unit in addition to accelerating AI actions is wearable technology.
The region has huge potential for end-use businesses, such as automotive, manufacturing, and telecommunications which made an advanced requirement for these devices.
Numerous key players have been accepting numerous development methods to surpass their competitors and get a competitive edge, including partnerships, product launches, acquisitions, mergers funding, and others.
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Because of the introduction of 5G in the region, the increasing count of IoT-integrated devices, and the growing smartphone usage in South Korea, China, India and Japan, the APAC region contributed the largest income share in 2022 to the worldwide industry. Another vital reason in the increasing demand for vision processing unit integration to speed up AI activities is wearable technology.
In the past few years, the 1-3 W category held a significant market share. This is the reason
that the majority of edge AI devices consume 1-3 W power. Furthermore, smartphones are the main devices that run on 1-3 W of electricity. As the requirement for smartphones is growing, the need for 1-3 W-created AI devices is expected to develop significantly in the future.
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