Edge AI Processor Market Projected to Garner Significant Revenues By 2030
Increased adoption of electronic items may boost demand for Edge AI processors, driving market share growth.
WILMINGTON, DELAWARE, UNITED STATES, June 20, 2024 /EINPresswire.com/ -- The report by Allied Market Research on the global edge AI processor market provides valuable insights into the key findings, research methodology, major segments, dynamics, influencing factors, and prime investment opportunities. It includes market forecasts, competitive analysis, and market size and share analysis. As per the report, the industry is estimated to hold $9.6 billion with a growing CAGR of 16.0% by 2030. The market generated $2.5 billion in 2021.
This report is a beneficial resource for investors, businesses, shareholders, and newcomers, helping them to gain a comprehensive understanding of the market and make well-informed decisions aligned with their business objectives. Furthermore, the study offers a thorough analysis of market dynamics, encompassing the impact of COVID-19, Porter's Five Forces Analysis, an examination of industry pain points, and value chain analysis.
๐๐๐ญ ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ @ https://www.alliedmarketresearch.com/request-sample/A16569
The drivers, restraints, and opportunities are the forces that influence the growth of the overall market. The global industry is gaining traction due to a rise in the adoption of electric items and the benefits of edge AI processors such as lower data latency, energy efficiency, and operational timeliness. However, the surging adoption of AI-based products and services is anticipated to provide remunerative opportunities for the expansion of the market in the upcoming era.
๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
The research employs both primary and secondary methods to gather data on various aspects of the international edge AI processor market. Primary market research involves collecting highly reliable data directly from sources, such as consumers in a specific market, through interviews or surveys. Secondary market research involves collecting information from previously published data produced by business groups, international organizations, research institutions, government agencies, and other sources.
๐ ๐ฎ๐ญ๐ฎ๐ซ๐ข๐ฌ๐ญ๐ข๐ ๐ญ๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
Trend analysis in the report offers stakeholders valuable insights, enriching their risk management, strategic planning, and decision-making processes. Additionally, understanding trends in resource usage, demand, or performance enables stakeholders to optimize their resources more effectively, including efficiently managing inventory, workforce, and operational processes.
๐๐ง๐ญ๐๐ ๐ซ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐
The advent of 5G technology is driving the integration of AI in edge computing by offering the low-latency connectivity needed to support the latest AI abilities. This convergence is creating new opportunities for edge AI applications, making real-time AI processing reliable and allowing greater interconnectivity among devices. The synergy between edge AI and 5G is estimated to transform sectors such as smart cities and transportation, where instant data processing is vital.
๐ ๐๐ฅ๐๐ง๐ ๐จ๐ ๐๐ ๐๐ง๐ ๐๐จ๐
The growing presence of IoT devices in homes, industries, and cities is fueling the integration of AI abilities directly into these devices. Through the incorporation of AI into IoT devices, manufacturers are improving device functionality, and facilitating features like predictive maintenance, personalized user experiences, and autonomous operation.
๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ฌ๐๐ฆ๐ข๐๐จ๐ง๐๐ฎ๐๐ญ๐จ๐ซ ๐ญ๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
Advancements in semiconductor technology have facilitated the creation of edge AI processors that are powerful and energy efficient. These processors can handle complex AI tasks such as machine learning and deep learning with greater efficiency.
๐๐๐ญ ๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/request-for-customization/A16569
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
- In April 2024, at the Embedded World conference, Intel and Altera, an Intel company, revealed new edge-optimized processors developed for key vertical industries including manufacturing, retail, aerospace, and healthcare. The lineup includes Alteraโs FPGA processors, along with Core CPUs, Atom, and Arc discrete graphics.
- In December 2023, Schneider Electric, a leader in energy management and automation digital transformation, announced a technology collaboration with Hailo Technologies, an Artificial Intelligence (AI) chipmaker. This collaboration aims to integrate Hailoโs advanced processors into Schneider Electric solutions, enhancing their Edge AI abilities.
Competitive analysis
The report also assesses the prominent players operating within the market. This section provides detailed company profiles, outlines their operating business segments, evaluates their business performance, and examines the strategic initiatives undertaken by these players, including mergers and acquisitions, partnerships, and other alliances aimed at expanding their market presence and fostering growth.
Furthermore, the report highlights significant developments made by these players. This section offers an in-depth analysis of the market's competitive landscape, offering valuable insights into the level of competition. The leading players covered in the report include Apple Inc., NVIDIA Corporation, Alphabet Inc., Qualcomm Technologies, Inc., Mythic, Samsung Electronics Co Ltd, HiSilicon(Shanghai) Technologies Co Limited, Arm Limited, Advanced Micro Devices, Inc., and Intel Corporation.
In summary, the AMR report on the edge AI processor industry offers insights into various aspects of the market, such as key stakeholders and their dominance-maintaining strategies. The actionable data and market intelligence provided in the report enable businesses to formulate effective growth plans.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ @ https://www.alliedmarketresearch.com/purchase-enquiry/A16569
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
1 https://www.alliedmarketresearch.com/edge-ai-processor-market-A16569