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Edge AI Hardware Market

The edge AI hardware market size stood at 1,058 million units in 2022, and it is projected to grow at a CAGR of 20.50% during 2022u20132030, to reach 4,704 million units by 2030.

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Edge AI Hardware Market

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  1. Edge AI Hardware Market

  2. The revenue of the edge AI hardware market was 1058 million units in 2022, and it will grow at a rate of 20.50% in the years to come, to touch 4704 million units by 2030, as stated by a market research firm P&S Intelligence.For edge computing, latency is fundamentally non-existent since this approach makes approximately zero separation between the sites where data is produced and processed.Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/edge-ai-hardware-market/report-sample AI processes IoT-generated data to near-end devices with the use of ML algorithms to cope with matters of high latency and low latency. An IoT device gathers loads of data, sent to the cloud where ML models operate and send the handled data back to the device, possibly postponing the response.Therefore, speed of the network is increased and latency decreased with the use of edge computing. Every msec counts toward data availability, so, microseconds and not milliseconds are used to measure latency.On-device AI, though, reduces data transfer, allowing a quicker response to the query that is generated.Moreover, storing lots of data in the cloud may not be a practical option. Since the capacity of processing for edge AI is situated on the device, it is not essential to transmit data to the cloud.

  3. Smart cities make use of a number of systems for supporting the life cycle of people better in qualitative and quantitative ways. These systems are available in many forms, such as, smart energy, smart buildings, smart homes, smart farming, smart manufacturing, and smart healthcare.With more people choosing to live in cities, there will be greater requirement for automated services in the daily life. Therefore, the requirement for smart homes is changing from luxury to major necessities.Furthermore, quite a lot of consumer electronics employed in smart homes, such as, wearables, gaming consoles, smart speakers, drones, and home automation robots, use edge AI. The uses of this technology are placed on natural language processing, computer vision, HMI, and customer experience.Owing to the arrival of 5G in APAC, the increasing count of IoT-integrated devices, and the growing use of smartphones in Japan, India, China, and South Korea, generated the largest revenue in the edge AI hardware market in the recent past.Browse full report at: https://www.psmarketresearch.com/market-analysis/edge-ai-hardware-marketAnother significant factor in the increasing requirement for vision processing unit integration to accelerate AI actions is wearable technology. APAC has a lot of potential for manufacturing, telecom, and automotive industries, generating higher requirement for such devices.Due to the increasing requirement for smart homes and smart cities, the demand for edge AI hardware will grow like anything in the years to come, all over the world.

  4. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. the information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. • For queries related to sales, contact us at: • enquiry@psmarketresearch.com • US/Canada Toll-Free: 1-888-778-7886 • International: +1-347-960-6455 • India: +91 120 4541 337 To know more about us, visit our website psmarketresearch.com

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