What Is Driving New Market Adoption And Growth In The Artificial Intelligence For Edge Devices Market?

Uncovering the industry truths with Industry Data Analytics

The report on the global Artificial Intelligence for Edge Devices market offers a detailed company profile of the market's main players. The research analyses all of the segments based on various parameters such as market share, revenue, and CAGR. On the basis of production, revenue, and sales in the Artificial Intelligence for Edge Devices market, the analysts have also thoroughly examined different regions such as North America, Europe, and Asia Pacific. For this study on the Artificial Intelligence for Edge Devices market, the researchers employed modern primary and secondary research approaches and technologies.

Artificial Intelligence Market for Edge Devices:

Today, the majority of artificial intelligence (AI) processing takes place in a cloud-based data centre. The majority of AI processing is dominated by deep learning model training, which necessitates a lot of computing power. Artificial intelligence for edge devices refers to the processing of AI software algorithms on a hardware device locally. Data (sensor data or signals) created on the device is used by the algorithms. A gadget that uses Edge AI software does not require a connection to function effectively; it can process data and make choices without one. Artificial intelligence for edge devices is covered in this paper, which includes software tools, platforms, and artificial intelligence chips.

Market domination by just a handful of players in the industry

• Microsoft, Qualcomm, Intel, Google, Alibaba, and others are among the prominent participants in the global Artificial Intelligence for Edge Devices market. The top five manufacturers in the world control more than half of the market.
• North America is the largest market, accounting for around 45 percent of total sales, followed by Europe and China, both accounting for more than 30 percent.
• Hardware is the most popular product category, accounting for over 70% of all sales. In terms of application, mobile phones are the most popular, followed by smart speakers.
• The global Artificial Intelligence for Edge Devices market will be USD 3121 million in 2021, and it is predicted to grow at a CAGR of 26.9% from 2021 to 2027, reaching USD 13030 million by the end of 2027.

Why should you trust this expert report by the Industry Data Analytics team?

This study examines the current state of Artificial Intelligence for Edge Devices, as well as the future trends, development opportunities, important markets, and key competitors in the industry. The study's goals are to present the development of Artificial Intelligence for Edge Devices in North America, Europe, Japan, China, Southeast Asia, India, and other regions.

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