According to a new report, published by KBV research, The Global Embedded AI Market size is expected to reach $22.4 billion by 2030, rising at a market growth of 13.8% CAGR during the forecast period.
The IT & Telecom segment is showcasing a CAGR of 12.5% during (2023 - 2030). The proliferation of connected devices, the Internet of Things (IoT), and the rising demand for high-speed data services all contribute to a significant increase in data traffic in the telecom sector. By intelligently analyzing and selecting network resources, lowering congestion, and improving overall network performance, embedded AI may assist in managing and optimizing this data flow.
The Numeric Data segment is leading the Global Embedded AI Market by Data Type in 2022; thereby, achieving a market value of $7 billion by 2030. The basis for developing, enhancing, and deploying AI models on embedded systems is numerical data. Embedded AI systems may optimize the use of resources and processes by using numerical data. AI models integrated into the system may make data-driven choices to improve resource allocation, scheduling, or energy use by examining previous data and trends.
The Software segment is registering a CAGR of 14% during (2023 - 2030). Embedded AI software is crucial to the business because it provides the fundamental algorithms, frameworks, and libraries needed to enable AI capabilities on embedded devices. Embedded AI software unlocks the promise of AI on embedded systems, enabling intelligent decision-making, real-time data processing, and increased performance across a range of industries.
The North America region dominated the Global Embedded AI Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $8.3 billion by 2030. The Europe market is poised to grow at a CAGR of 13.6% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 14.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/embedded-ai-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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