Embedded AI market is anticipated to grow at a considerable CAGR of 9.6% during the forecast period (2023-2030). Embedded AI is a general-purpose framework system for AI functions. It is built into network devices and provides common model management, data obtaining, and data preprocessing functions for AI algorithms. The growing demand for embedded AI in end-user industries is a key factor driving the growth of the global embedded AI market. This is due to the fact that an increase in the adoption of Embedded AI can potentially improve medical diagnosis and treatment in the healthcare sector. Embedded AI can improve factory automation in the manufacturing industry. In addition, embedded AI can radically improve the capabilities of home automation systems and smart wearables. To meet the growing demand from end-user industry, key players are making new product launches. For instance, in March 2022, NVIDIA Corp. launched Clara Holoscan MGX, a platform for the medical device industry to develop and deploy real-time AI applications at the edge, specifically designed to meet required regulatory standards. Clara Holoscan MGX Medical-Grade Platform With NVIDIA Orin and NVIDIA AI Software Stack Powers Systems Built by Embedded-Computing Leaders.
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The global embedded AImarket is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the presence of companies with innovative AI technology, strong R&D skills, rising demand for intelligence edge services, and an established market ecosystem. The key market players in the regional market include Google LLC, IBM Corp., Microsoft Corp., and Amazon Web Services, Inc.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Embedded AI Market Report Segment
By Offering
- Hardware
- Software
- Services
By Data Type
- Numerical Data
- Categorical Data
- Image & Video Data
By Vertical
- BFSI
- Healthcare & Lifesciences
- IT & Telecom
- Automotive
- Media & Entertainment
- Energy & Power
- Transportation & Logistics
- Government & Defense
- Manufacturing
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Embedded AI market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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