The Business Research Company’s Embedded AI Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Embedded AI Global Market Report 2023 evaluates embedded AI market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global embedded AI market has been a focal point of dynamic growth and transformation, characterized by a trajectory poised for remarkable expansion. In 2022, this market stood at a valuation of $11.64 billion, and the forecast for 2023 is even more promising, with an anticipated leap to $13.04 billion, driven by a robust compound annual growth rate (CAGR) of 12%. This growth trajectory encapsulates a sector characterized by adaptability and technological innovation.
Yet, this narrative of progress cannot be fully appreciated without recognizing the external factors that have exerted their influence. The Russia-Ukraine conflict, a significant geopolitical disruption, has cast a discernible shadow over the prospects of global economic recovery following the COVID-19 pandemic. This war has rendered the path to recovery tumultuous, marked by economic sanctions imposed on multiple nations, a surge in commodity prices, and intricate supply chain disruptions. These multifaceted repercussions have ignited inflationary pressures, which, in turn, have led to increased interest rates that have reverberated across many markets globally.
However, the embedded AI market remains poised for further growth, with a projected valuation of $20.36 billion anticipated by 2027, supported by a robust CAGR of 11.8%. This trajectory underscores the industry’s resilience and its commitment to innovation, even in the face of global adversity.
In summary, the global embedded AI market is a prime example of the interplay between technological innovation and external geopolitical factors. The numerical projections affirm the sector’s capacity to evolve and thrive, even amid the backdrop of global turbulence. As the journey unfolds, this market is poised to continue delivering innovative solutions that reshape industries and contribute significantly to technological advancements on a global scale.
The embedded AI market segments in the report are:
1) By Offering: Hardware, Software, Services
2) By Data Type: Sensor Data, Image And Video Data, Numeric Data, Categorial Data, Other Data Types
3) By Application: Smart Phone, Wearable Device, Vehicle Electronics, Smart Home, Security Monitoring, Drone, Robot, Other Applications
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Information Technology Enabled Services (ITES), Retail And Ecommerce, Manufacturing, Healthcare And Life Sciences, Media And Entertainment, Telecom, Automotive, Other Verticals
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The table of contents in TBRC’s embedded AI market report includes:
1. Executive Summary
2. Embedded AI Market Characteristics
3. Embedded AI Market Trends And Strategies
4. Embedded AI Market – Macro Economic Scenario
5. Embedded AI Market Segmentation
…
32. Global Embedded AI Market Competitive Benchmarking
33. Global Embedded AI Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Embedded AI Market
35. Embedded AI Market Future Outlook and Potential Analysis
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