How Will Embedded AI Market Grow Through 2023-2032?
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
The Business Research Company’s Embedded AI Global Market Report 2023 offers crucial insights into the embedded AI market help businesses analyse and build stronger strategies.
Five Key insights from the forecast include:
- Market Size – The global embedded AI market size is expected to grow from 11.64 billion in 2022 to 13.04 billion in 2023 at a compound annual growth rate (CAGR) of 12%. The embedded AI market is expected to reach 20.36 billion in 2027 at a CAGR of 11.8%.
An increase in industrial automation is expected to propel the growth of the embedded AI market going forward.
- Key Trend – Innovation of technological products are a key trend gaining popularity in the embedded AI market. Major companies operating in the embedded AI market are focused on developing innovative technological products to sustain their position in the market.
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- Largest Region – North America was the largest region in the embedded AI market in 2022.
- Major Players – Major players in the embedded ai market are Google LLC, Microsoft Corporation, Amazon Web Services Inc., Siemens, Intel Corporation, International Business Machines Corporation (IBM), Qualcomm Technologies Inc.
- Top Market Segments –
- By Offering: Hardware, Software, Services
- By Data Type: Sensor Data, Image And Video Data, Numeric Data, Categorial Data, Other Data Types
- By Application: Smart Phone, Wearable Device, Vehicle Electronics, Smart Home, Security Monitoring, Drone, Robot, Other Applications
- By Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Information Technology Enabled Services (ITES), Retail And Ecommerce, Manufacturing, Healthcare And Life Sciences, Media And Entertainment, Telecom, Automotive, Other Verticals
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global embedded AI market in 2021.
Read The Full Embedded AI Market Report Here:
The Embedded AI Global Market Report 2023 provides a comprehensive outlook of the embedded AI market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The embedded AI market forecast offers a thorough analysis on embedded AI market size, embedded AI market share, prominent players and their strategies.
Embedded AI is the application of machine learning and deep learning in software at the device level that is specifically created and developed to execute specific activities in an electronic system or device. The embedded AI helps to automate business processes and tasks to give actionable results to businesses and users via enhanced analytics.
The Table Of Content For The Embedded AI Market Include:
1. Embedded AI Market Executive Summary
2. Embedded AI Market Segments
3. Embedded AI Market Size And Embedded AI Market Growth Rate
4. Key Embedded AI Market Trends
5. Major Embedded AI Market Drivers
25. Key Mergers And Acquisitions In The Embedded AI Market
26. Top Embedded AI Companies
27. Embedded AI Market Opportunities And Strategies
28. Embedded AI Market, Conclusions And Recommendations
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