CHICAGO, CA, UNITED STATES, September 23, 2024 /EINPresswire.com/ -- The global 𝐞𝐝𝐠𝐞 𝐀𝐈 𝐩𝐫𝐨𝐜𝐞𝐬𝐬𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 is expected to witness substantial growth, with its market size projected to surge from 𝐔𝐒$ 𝟐,𝟏𝟔𝟑.𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑 to 𝐔𝐒$ 𝟗,𝟖𝟗𝟏.𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, reflecting a robust compound annual growth rate (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟏𝟖.𝟒% during the forecast period from 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟐. This remarkable expansion is driven by increasing demand for low-latency processing, real-time decision-making capabilities, and the growing adoption of AI at the network's edge.

𝐓𝐡𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞- https://www.astuteanalytica.com/request-sample/edge-ai-processor-market

Edge AI processors are revolutionizing various industries by enabling faster processing of data closer to the source, reducing the need for cloud computing and enhancing the efficiency of applications such as autonomous vehicles, smart cities, industrial IoT, and healthcare devices. The rising focus on energy efficiency, privacy concerns, and the need for real-time insights is fueling the demand for edge AI processors globally.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

𝐃𝐫𝐢𝐯𝐞𝐫: 𝐑𝐚𝐩𝐢𝐝𝐥𝐲 𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐃𝐚𝐭𝐚 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐀 𝐌𝐚𝐣𝐨𝐫 𝐃𝐫𝐢𝐯𝐞𝐫 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐄𝐝𝐠𝐞 𝐀𝐈 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

The escalating volume of data generated by various devices and applications serves as a fundamental driver for the global edge AI processor market. The proliferation of Internet of Things (IoT) devices is a primary contributor to this surge in data. By 2025, it's estimated that there will be over 75 billion IoT devices worldwide, a massive increase from around 31 billion in 2020. This explosion in IoT deployment is generating an unprecedented amount of data, estimated to reach 79.4 zettabytes by 2025. The growing adoption of smart home devices is also a major factor. In 2020, the global smart home market is to be at $154 billion in 2024 and is projected to grow at a CAGR of 10.3% in the years to come. These smart home devices, including smart speakers, thermostats, and security cameras, contribute significantly to the data deluge.

The rise in edge-based AI applications in industries such as automotive, healthcare, and manufacturing is further creating a need for localized, real-time data processing. The automotive sector alone, with its push towards autonomous vehicles, is expected to fuel considerable demand. The market for automotive AI, which was valued at around $2 billion in 2020, is expected to grow to over $14 billion by 2025. This burgeoning volume of data necessitates processing power closer to the source, driving the demand for edge AI processors. These processors are designed to handle vast amounts of data efficiently, reducing latency, and ensuring faster decision-making processes.

𝐓𝐨𝐩 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐄𝐝𝐠𝐞 𝐀𝐈 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

• Advanced Micro Devices, Inc.
• Huawei Technologies
• IBM
• Intel Corporation
• Hailo
• NVIDIA Corporation
• Mythic
• MediaTek Inc.
• Graphcore
• STMicroelectronics
• Other Prominent Companies

𝐅𝐨𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐢𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭:- https://www.astuteanalytica.com/industry-report/edge-ai-processor-market

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

𝐁𝐲 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐨𝐫 𝐓𝐲𝐩𝐞

• Central Processing Unit (CPU)
• Graphics Processing Unit (GPU)
• Field Programmable Gate Arrays (FPGA)
• Application Specific Integrated Circuits (ASIC)

𝐁𝐲 𝐃𝐞𝐯𝐢𝐜𝐞 𝐓𝐲𝐩𝐞

• Consumer Devices
• Enterprise Devices

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

• Robotics
• Smartphones and Mobile Devices
• Internet of Things (IoT) Devices
• Smart Cameras and Surveillance Systems
• Autonomous Vehicles
• Industrial Automation
• Others

𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫

• Consumer Electronics
• Healthcare
• Automotive
• Retail
• Security and Surveillance
• Government
• Agriculture
• Others (Manufacturing, Construction, etc.)

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧

• North America
o The U.S.
o Canada
o Mexico
• Europe
o Western Europe
 The UK
 Germany
 France
 Italy
 Spain
 Rest of Western Europe
o Eastern Europe
 Poland
 Russia
 Rest of Eastern Europe
• Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o South Korea
o ASEAN
o Rest of Asia Pacific
• Middle East & Africa (MEA)
o Saudi Arabia
o South Africa
o UAE
o Rest of MEA
• South America
o Argentina
o Brazil
o Rest of South America

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/edge-ai-processor-market

𝐀𝐛𝐨𝐮𝐭 𝐀𝐬𝐭𝐮𝐭𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐚:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

Aamir Beg
Astute Analytica
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