Edge AI hardware Market
The global edge AI hardware market registered transactions of 532.4 million units in 2018 and is expected to reach 1,681.8 million units by the end of the forecast period (2027) with a CAGR of 21.72%.
Growth in Artificial Intelligence (AI) has created huge opportunities for semiconductor companies. Edge AI processing involves low latency which is an advantage and hence is contributing to growth of the market. Edge AI processing helps reduce data travelling time so that companies can analyse data on a real-time basis. AI hardware is the core enabler for various solutions such as facial recognition and virtual assistants managing homes. Edge AI hardware is used in various industries such as oil and gas, mining, transportation, and power utilities.
The key players profiled in the edge AI hardware market are – Intel Corporation (US), Samsung Electronics Co., Ltd. (South Korea), Google Inc. (US), NVIDIA Corporation (US), Qualcomm (US), MediaTek Inc. (Taiwan), Xilinx Inc. (US), and Microsoft Corporation (US). These players contribute a major share in the growth of edge AI hardware market. The other prominent companies in the edge AI hardware market include Huawei Technologies Co., Ltd. (China), Imagination Technologies Limited (UK), and Cambricon Technologies (China) among others.
The global Industry is segmented into size, type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile Edge AI hardware. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage.
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased security budgets, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
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