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Edge AI hardware market is projected to grow from USD 24.2 billion in 2024 and is expected to reach USD 54.7 billion by 2029, growing at a CAGR of 17.7% from 2024 to 2029. Edge AI hardware refers to specialized computing devices that bring artificial intelligence (AI) processing capabilities closer to the source of data generation, such as sensors and IoT (Internet of Things) devices, rather than relying on centralized cloud-based systems. This approach allows for real-time data processing, reduced latency, enhanced privacy, and more efficient use of network resources. Edge AI hardware is becoming increasingly crucial as industries seek to deploy AI in applications that require rapid decision-making and autonomous operations. Overview of Edge AI Hardware Edge AI hardware encompasses a range of devices, including edge servers, AI chips, GPUs, and specialized processors designed to handle AI workloads directly at the edge of the network. These devices are often embedded in autonomous ve...

AI hardware market is projected to grow from USD 24.2 billion in 2024 and is expected to reach USD 54.7 billion by 2029, growing at a CAGR of 17.7% from 2024 to 2029. Edge AI hardware refers to specialized devices and components designed to perform artificial intelligence (AI) computations directly on the edge of the network, near the data source, rather than relying on centralized cloud-based resources. This approach enables faster processing, reduced latency, enhanced privacy, and improved efficiency for various applications. Here’s a comprehensive look at edge AI hardware and its significance. Components of Edge AI Hardware Processors : The core component of edge AI hardware is the processor, which can include: Central Processing Units (CPUs) : General-purpose processors capable of handling a wide range of tasks. Graphics Processing Units (GPUs) : Highly parallel processors designed for handling large-scale computations, such as image and video processing. Application-Specific Inte...

 Edge AI hardware market is projected to grow from USD 24.2 billion in 2024 and is expected to reach USD 54.7 billion by 2029, growing at a CAGR of 17.7% from 2024 to 2029. The world of technology is witnessing a paradigm shift towards the “edge.” Edge computing, processing data closer to its source, is revolutionizing various industries. At the heart of this transformation lies edge AI hardware, a rapidly growing market poised to play a pivotal role in the future of intelligent systems. Riding the Edge Wave: Market Size and Growth As of 2024, the edge AI hardware market is estimated at a substantial USD 24.2 billion, according to MarketsandMarkets research. This market is projected to experience significant growth, reaching a staggering USD 54.7 billion by 2029. This translates to a compound annual growth rate (CAGR) of 17.7%, highlighting the immense potential and rapid adoption of edge AI hardware solutions. Fueling the Growth Engine: Key Drivers Several key factors are driving...

  Wearables in the device segment are expected to witness the highest growth rate during the forecast period. The growing popularity of smart wearable devices, including smartwatches, fitness trackers, and healthcare monitors, drives demand for edge AI hardware tailored for these applications. Wearables are increasingly integrating AI capabilities for real-time data processing and personalized user experiences. Moreover, edge AI hardware enables wearables to perform AI inference and analytics locally on the device, reducing reliance on cloud services for processing. This localized processing enhances responsiveness, preserves user privacy, and conserves battery life by minimizing data transmission to the cloud. The smart home segment is expected to hold the second largest market share in the edge AI hardware market during the forecast period. Edge AI hardware plays a pivotal role in the smart home ecosystem, enabling devices to automate tasks, monitor energy usage, adjust settings...

The edge AI hardware market is projected to grow from 1,056 Million Units to reach 2,716 million units by 2027; it is expected to grow at a CAGR of 20.8% during the forecast period. The market is driven by the requirement to capture data in real time and resolve the issues related to latency, privacy, bandwidth, and security; the emergence of AI co-processors for edge computing Major players in the edge AI hardware market have primarily adopted acquisition and collaboration strategies to strengthen their position in the market. In June 2022, Qualcomm Technologies has acquired Cellwize Wireless Technologies Pte. Ltd., a mobile network automation and management leader. This acquisition will further accelerate Qualcomm Technologies’ growth in 5G Radio Access Network (RAN) innovation and adoption. Cellwize’s 5G network deployment, automation, and management software platform capabilities will strengthen Qualcomm Technologies’ 5G infrastructure solutions to fuel the digital transformation ...