Empowering Edge Computing: Trends and Insights in the AI Hardware Market
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