Industry Background:
Technology is changing at a greater pace and is running our lives these days. Smartphones, tablets, and computer are a few examples of it. With each new upgrade technology compounds existing technologies to create something better than it is previously used before. Edge AI refers to an AI algorithm which is processed locally on a hardware device. It allows real-time operation including data creation, action, the decision where millisecond matter. Real-time operation plays an important role especially in robots, self-driving cars, and many others.This growth is primarily driven by Rising Demand For Low Latency and Real-Time Processing on Edge Device
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Technology Distributors sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Alibaba (China), Microsoft (United States), Apple Inc. (United States), Baidu (China), CEVA Logistics (Switzerland), Google (United States), Intel (United States), Kneron (United States), MediaTek (Taiwan), Mobileye (Isreal), Movidius (United States), NVIDIA (United States) and Qualcomm (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2022, Microsoft Corp acquired Nuance Communications Inc., a leader in conversational AI and ambient intelligence across industries including healthcare, financial services, retail, and telecommunications. This acquisition helps providers to deliver more affordable, effective, and accessible health care and helps organizations in all industries create more personalized and meaningful customer experiences.
In January 2019, Baidu Inc. announced China's first open-source edge computing platform called OpenEdge - allowing developers to build "light, secure and scalable" edge applications. The OpenEdge platform brings processing power to "edge devices" like smart home appliances, wearables, and other IoT devices.
Influencing Trend:
Technology Advancement and Innovation in AI for Edge Device
Market Growth Drivers:
Rising Demand For Low Latency and Real-Time Processing on Edge Device and Reduced Data Storage
Challenges:
Power Consumption and Size Constraints and Lack of Skilled Professionals
Opportunities:
Potential Growth in Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Artificial Intelligence for Edge Devices Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Artificial Intelligence for Edge Devices Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Artificial Intelligence for Edge Devices players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Artificial Intelligence for Edge Devices Study Sheds Light on
The Artificial Intelligence for Edge Devices Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Artificial Intelligence for Edge Devices industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Artificial Intelligence for Edge Devices industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.