About Embedded AI
Embedded AI, also known as Embedded Artificial Intelligence (EAI), is a general-purpose framework system for AI functions. It is built into network devices and provides common model management, data obtaining, and data pre-processing functions for AI algorithm-based functions for these devices. In addition, it supports the function to send inference results to AI algorithm-based functions. This fully utilizes the sample data and computing capabilities of devices, while offering advantages such as lower data transmission costs, as well as ensured data security and real-time inferencing and decision-making.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 14.25% |
Competition among existing players is due to the Embedded AI market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Embedded AI market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Embedded AI market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NVIDIA Corporation (United States), Intel Corporation (United States), Qualcomm Technologies (United States), Google LLC (United States), Microsoft Corporation (United States), IBM Corporation (United States), AWS (United States), Ascent (Germany), Oracle Corporation (United States), Salesforce Inc. (United States) and Siemens AG (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Riskified (United States), DataRobot (United States), Cognex Corporation (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Embedded AI market by and Region.
On the basis of geography, the market of Embedded AI has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Machine Learning will boost the Embedded AI market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware ( Processors, Memory Units, AI Accelerators, Others) will boost the Embedded AI market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automotive will boost the Embedded AI market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Integration with IoT devices to enable real-time data processing and decision-making. and Increasing focus on energy efficiency and sustainability.
Market Growth Drivers:
Increase in demand for energy-efficient and powerful processors. and Increasing need for autonomous, intelligent systems to provide an individualized experience.
Challenges:
Limited computational resources, such as processing power and memory.
Restraints:
Insufficient computing power and model optimization. and Cyber threats and security breaches.
Opportunities:
The creation of 5G-based embedded devices. and Advancements in AI algorithms, low-power hardware, and secure computing.
Market Leaders and their expansionary development strategies
In Jun 2023, IBM announced an agreement to acquire Apptio Inc., a leader in financial and operational IT management and optimization (FinOps) software. The acquisition of Apptio has speed up the development of IBM's IT automation capabilities and give business executives the ability to maximize the return on their technological investments by combining Apptio's offerings combined with IBM's IT automation software.
In June 2023, Cognex Corporation has announced the launch of the Advantage 182 vision system designed to automate complex location, classification, and inspection tasks. This all-in-one vision system includes advanced machine vision, barcode reading, and edge learning technology to automate a variety of tasks from simple presence/absence detection and track-and-trace applications to high-precision alignment and complex color inspections.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.