LAMEA Edge AI Hardware Market

LAMEA Edge AI Hardware Market Size, Share & Industry Trends Analysis Report By Function (Inference and Training), By Device Type, By Component (Processor, Memory and Sensor & Others), By Vertical, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-12314 Publication Date: November-2022 Number of Pages: 142
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Market Report Description

The Latin America, Middle East and Africa Edge AI Hardware Market would witness market growth of 21.9% CAGR during the forecast period (2022-2028).

AI algorithms are processed locally, either on the device itself or on a nearby server. The algorithms employ device-generated data. In a matter of milliseconds, devices may make autonomous decisions without connecting to the Internet or the cloud. The potential applications of AI at the edge are nearly limitless. AI solutions and applications at the edge range from wearables to production lines, and logistics to smart buildings and cities.

Multiple ways bring data gathering, analysis, and processing to the network's edge as part of edge computing. This indicates that computational power and data storage is located at the site of real data collecting. As the AI craze has increased, businesses have rushed to showcase how their products and services utilize AI. Frequently, what is referred to be AI is a subset of AI, such as machine learning.

For designing and training machine learning algorithms, AI requires a foundation of specialized hardware and software. AI is not synonymous with a single programming language; however, Python, R, and Java are prominent options. AI systems typically function by consuming vast quantities of labeled training data, analyzing the data for correlations and patterns, and using these patterns to forecast future states.

The electronic industry in South Africa has a wide range of sub-industries, including electrical machinery, household appliances, telecommunications equipment, and consumer electronics. This region has one of the most diverse electronic industries in the world. According to statistics provided by Statistics South Africa, the value of the electrical and electronic goods produced annually in South Africa exceeds R90 billion. Both the consumer electronics industry and the industrial electronics industry in South Africa have access to world-class capabilities.

The Brazil market dominated the LAMEA Edge AI Hardware Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $403.3 million by 2028.The Argentina market is experiencing a CAGR of 22.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 21.6% during (2022 - 2028).

Based on Function, the market is segmented into Inference and Training. Based on Device Type, the market is segmented into Smartphones, Surveillance Cameras, Wearables, Robots, Smart Speakers & Smart Mirrors, Automotive and Edge Servers. Based on Component, the market is segmented into Processor, Memory and Sensor & Others. Based on Vertical, the market is segmented into Consumer Electronics, Smart Home, Automotive & Transportation, Government, Healthcare, Industrial, Aerospace & Defense, Construction 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 Hardware Market is Predict to reach $21.4 Billion by 2028, at a CAGR of 17.4%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., MediaTek, Inc., Qualcomm, Inc., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd. (Samsung Group), Intel Corporation, Nvidia Corporation, IBM Corporation, Google LLC, and Microsoft Corporation.

Scope of the Study

Market Segments Covered in the Report:

By Function

  • Inference
  • Training

By Device Type

  • Smartphones
  • Surveillance Cameras
  • Wearables
  • Robots
  • Smart Speakers & Smart Mirrors
  • Automotive
  • Edge Servers

By Component

  • Processor
  • Memory
  • Sensor & Others

By Vertical

  • Consumer Electronics
  • Smart Home
  • Automotive & Transportation
  • Government
  • Healthcare
  • Industrial
  • Aerospace & Defense
  • Construction
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Apple, Inc.
  • MediaTek, Inc.
  • Qualcomm, Inc.
  • Huawei Technologies Co., Ltd.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Intel Corporation
  • Nvidia Corporation
  • IBM Corporation
  • Google LLC
  • Microsoft Corporation
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