Latest News- Embedded AI Market: Hardware is expected to lead the Component segment during 2025-2029

The Embedded AI Market is being driven by Imperative for real-time, low-latency processing

The Embedded AI Market is expected to grow at a CAGR of 13.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8979.9 million. The embedded AI market is experiencing a pivotal shift with the increasing adoption of generative AI capabilities on edge devices. This evolution signifies a notable departure from conventional discriminative AI, which primarily focuses on classification and prediction tasks. Generative AI, however, expands the scope of device functionality by enabling content creation through the generation of novel text, images, code, or sound based on user inputs. This advancement opens new avenues for user interaction, yet poses substantial technical challenges due to the substantial size and intricate computational requirements of the underlying foundation models. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Hardware
  • Software
  • Services
• Type
  • Numeric data
  • Image and video data
  • Sensor data
  • Categorical data
  • Others
• End-user
  • Consumer electronics
  • Automotive
  • Healthcare
  • Industrial manufacturing
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Imperative for real-time, low-latency processing
• Escalating focus on data privacy, security, and sovereignty
• Proliferation of specialized, power-efficient AI hardware and optimized software

However, the market also witnesses some limitations, which are as follows:

• High development costs and intrinsic system complexity
• Severe constraints of power consumption and thermal management
• Fragmentation and lack of standardization across hardware and software

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Market Scope in Embedded AI Market Research Report

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Research Analysis Overview

The Embedded AI Market encompasses various advanced technologies such as neural network architecture, including deep learning and convolutional neural networks, for applications like image and speech recognition. Reinforcement learning and supervised learning are used for training models, while unsupervised learning and transfer learning enable anomaly detection and pattern recognition. Data mining techniques, statistical modeling, and time series analysis facilitate process optimization and decision support. Knowledge graph creation, semantic search, and information retrieval rely on knowledge representation, reasoning engines, and natural language processing for chatbot development and virtual assistant functionality. Robotic process automation integrates AI for efficient and accurate data processing.

Market Research Overview

The Embedded AI market is a segment of the larger IT software industry, focusing on ai-powered automation through machine learning algorithms, deep learning models, and natural language processing. This market specifically caters to companies integrating artificial intelligence into their hardware and software systems. According to Technavio, the global IT software market encompasses businesses providing various software solutions, including application software, system software, and cloud-based services. The application software sector includes firms developing specialized applications for businesses and consumers, excluding those producing interactive home entertainment software or systems/database management software. The Embedded AI market represents a significant growth opportunity within this dynamic industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/