The Latin America, Middle East and Africa Edge AI Processor Market would witness market growth of 17.5% CAGR during the forecast period (2022-2028).
AI algorithms are administrated, either on the system itself or on a dedicated server nearby. The algorithms make use of the data generated by the devices. Without needing to access the internet or the cloud, devices can make autonomous and independent in milliseconds. When it comes to potential applications, Edge AI has practically no bounds. Smartwatches to production lines, logistics to smart cities, and buildings are all examples of edge AI technologies and applications.
Edge computing is a collection of approaches for bringing analysis, data collecting, and processing to the network's edge. This implies that the data storage and computing power are located in the same location as the data collecting. It may be a phone, an IoT gadget, a self-driving car, or even a cell tower, depending on the use case.
In this region, South Africa's electronics industry is broadly diverse, encompassing everything from electrical machinery to household appliances, telecommunications equipment, and consumer electronics. South Africa produces more than R90 billion worth of electrotechnical equipment each year, according to Statistics South Africa. South Africa possesses best-in-class capability in both the industrial and consumer electronics industries. Electronics production accounts for 4% of overall industrial output in South Africa.
The Brazil market dominated the LAMEA Edge AI Processor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $88 Million by 2028. The Argentina market is experiencing a CAGR of 18.1% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 17.2% during (2022 - 2028).
Based on Type, the market is segmented into Central Processing Unit (CPU), Graphics Processing Unit (GPU), and Application Specific Integrated Circuit (ASIC). Based on End Use, the market is segmented into Consumer Electronics, Automotive & Transportation, Manufacturing, Retail & Ecommerce, Healthcare, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Edge AI Processor Market is Predict to reach $5.6 Billion by 2028, at a CAGR of 15.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Mythic, Qualcomm, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Intel Corporation, Google LLC, NVIDIA Corporation, Arm Limited (Softbank Group Corp.) and Advanced Micro Devices, Inc.
By Device Type
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