The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Edge AI Hardware Global Market Report 2023, the template market is expected to show significant growth in the forecast period.

The global edge AI hardware market is poised for significant growth, with projections indicating an increase from $5.55 billion in 2022 to $6.64 billion in 2023, showcasing a robust Compound Annual Growth Rate (CAGR) of 19.6%. Looking further into the future, the market is anticipated to reach $13.53 billion by 2027, maintaining an impressive CAGR of 19.5%.

• IoT Prowess: Fueling Edge AI Hardware Surge
  • The rise in Internet of Things (IoT) applications stands as a potent catalyst propelling the edge AI hardware market forward.
  • IoT applications, amalgamating data from numerous devices, play a pivotal role in driving the demand for edge AI hardware.
  • A staggering 10 billion active IoT devices were in use in 2021, as reported by Dataport, and projections foresee more than 25.4 billion IoT devices by 2030.
  • With IoT devices connecting to the internet 152,200 times per minute by 2025, the surge in IoT applications is a key driver for the edge AI hardware market.

Market Giants: Influencing the Edge AI Landscape

Major players in the edge AI hardware market wield substantial influence, shaping the market dynamics and contributing to its growth trajectory. Key industry players include Apple Inc., MediaTek Inc., Qualcomm Technologies Inc., Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., Intel Corporation, NVIDIA Corporation, International Business Machines Corporation, Google LLC, Microsoft Corporation, Advanced Micro Devices Inc., Imagination Technologies Limited, General Vision Inc., Adapteva Inc., and Arm Limited.

Technological Marvels: A Trend Redefining the Landscape

Technologically advanced products are emerging as a prominent trend in the edge AI hardware market, with major companies leveraging cutting-edge solutions to strengthen their market positions.

• Innovation Spotlight: Intel’s Habana Labs
  • In May 2022, Intel’s Habana Labs introduced second-generation AI processors for training and inferencing.
  • These processors address market gaps by offering high-performance, high-efficiency deep learning compute options for both training workloads and inference deployments in data centers.
  • The innovative technology lowers the entry barrier to AI for businesses of all sizes, positioning it as a standout player in the competitive landscape.

Market Segmentation: Unraveling the Layers of Dynamics

The global edge AI hardware market reveals its intricacies through comprehensive segmentation, shedding light on various facets of the industry.

1. By Device Type:
   • Smartphones
   • Cameras
   • Robots
   • Wearables
   • Smart Speaker
   • Other Device Types
2. By Component:
   • Processor
   • Memory
   • Sensor
   • Other Components
3. By End User:
   • Consumer Electronics
   • Smart Home
   • Automotive
   • Government
   • Aerospace and Defense
   • Healthcare
   • Industrial
   • Construction
   • Other End Users

Regional Dynamics: North America Leads, Asia-Pacific Accelerates

In 2022, North America emerged as the largest region in the edge AI hardware market, showcasing the region’s significant influence. Looking ahead, Asia-Pacific is expected to be the fastest-growing region during the forecast period, highlighting the dynamic nature of the market.

View More On The Edge AI Hardware Market Report 2023 – https://www.thebusinessresearchcompany.com/report/edge-ai-hardware-global-market-report

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The Edge AI Hardware Global Market Report 2023  provides an in-depth analysis on the template market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the template market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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