The Latin America, Middle East and Africa Embedded AI Market would witness market growth of 16.2% CAGR during the forecast period (2023-2030).
With embedded AI, devices may run AI models locally and then utilize the outcomes to carry out the necessary tasks or take the required actions. The cloud is still helpful for data storage since data may be briefly kept on a device before being transmitted to a cloud server for backup.
Two developing applications to keep an eye on as embedded AI technology sets include embedding AI capabilities onto customized SoCs and Internet-connected devices, or the Internet of Things (IoT). AI models integrated into SoCs improve the chip's design, cutting down on the number of instructions, power, and computation required. While integrating AI into Internet-connected products may seem like a step in the right direction and a dangerous one at the same time, some businesses, like Google, Siemens, and HPE, have already put their toes in this water.
The "UAE Strategy for Artificial Intelligence" has been unveiled by the UAE government. The surge results from increased investment by UAE governments in cutting-edge technologies, including artificial intelligence (AI), 5G, and machine learning (ML). It is anticipated that adopting such tactics would depend on artificial technologies for improved outcomes. It will decrease accidents and operating costs in the transportation sector while minimizing chronic and deadly illnesses by identifying them in the health sector. The UAE Council for Artificial Intelligence and Blockchain started the establishment of an AI-friendly ecosystem to encourage research in the field and partnerships between the public and commercial sectors to hasten the deployment of AI technology. The government's encouraging stance toward deploying AI would assist expanding the market.
The Brazil market dominated the LAMEA Embedded AI Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $360.2 million by 2030. The Argentina market is showcasing a CAGR of 16.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 15.9% during (2023 - 2030).
Based on Vertical, the market is segmented into BFSI, Healthcare & Lifesciences, IT & Telecom, Automotive, Media & Entertainment, Energy & Power, Transportation & Logistics, Government & Defense, Manufacturing, and Others. Based on Data Type, the market is segmented into Numeric Data, Sensor Data, Image & Video Data, Categorical Data, and Others. Based on Offering, the market is segmented into Hardware (Processors, Memory Units, AI Accelerators, and Others), Software (Edge Computing Platforms, AI & ML Framework, and AI Middleware & Others), and Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Embedded AI Market is Projected to reach USD 22.4 Billion by 2030, at a CAGR of 13.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet Inc.), IBM Corporation, Microsoft Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), NVIDIA Corporation, Intel Corporation, Qualcomm, Inc., Salesforce, Inc., Siemens AG and Oracle Corporation.
By Vertical
By Data Type
By Offering
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