The global embedded intelligence market is projected to increase at a CAGR of 13.0 percent, from US$ 25,405.8 million in 2022 to US$ 86,215.9 million. The rising desire for increased productivity is blamed for growth.
This capability of machine unleashing new opportunities to increase quality or to ensure better customer satisfaction by providing accurate work with greater efficiency than humans.
Machines earn the ability of self-reflection by collecting information via inbuilt hardware devices such as sensors and as per extraction of information, the machine generates respond on extracted input.
The embedded intelligence is an artificial thinking ability, which enables the machine to think and work similar to humans in a certain situation.
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Embedded Intelligence Market: Drivers and Restraints
Growing inclination towards the intelligent machine with self-reflection capabilities is the key driver for the embedded intelligence market during the forecast period.
Further, the demand for the fast, efficient and accurate system with artificial thinking abilities to reduce human intervention is the other crucial factor propelling the growth of the industry.
On the other hand, advancement in embedded intelligence may eliminate many jobs from industries, but anticipated to create more skilled and expertized job opportunities in future, so the lack of domain expertise and job reduction are coupled together to hinder the growth of the market in forthcoming years.
Global Embedded Intelligence Market: Regional Trend
Due to the massive advancement of technology in developing economies such as North America and Europe are expected to drive the embedded intelligence market over the forecast period.
Further continuous innovation and development in artificial intelligence market is the another growth driver of the industry in the respective region.
Growing inclination towards the development of IT industries and infrastructures in emerging economies such as India and China are projected to propel the embedded intelligence market in recent years.
Also, the availability of cheap and skilled human resources is another key driver piloting the growth of the industry in the Asia Pacific region.
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Global Embedded Intelligence Market: Competitive Landscape
Some of the prominent players in the Embedded Intelligence Market includes Ciena Corporation, Mindtree, and DFKI GmbH.
Few leading vendors of artificial intelligence and embedded software are anticipated to expand their capabilities on embedded intelligence. Advantech, Enea, Express Logic, Green Hills Software, Intel Corporation, Mentor Graphics, Microsoft Corporation Inc., NXP Semiconductors and Texas Instruments are the major companies catering artificial intelligence and embedded software.
Regional analysis includes
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
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Global Embedded Intelligence Market: Market Segmentation
Global Embedded Intelligence Market can be divided into five segments, the based on Solution, End-user Industry Application, Services, Application, and Region.
Segmentation on the basis of Solution Type in Embedded Intelligence Solutions market:
- Software
- Services
Segmentation on the basis of End-user Industry Application for Embedded Intelligence Market:
- OEMs- Original Equipment Manufacturer
- Semiconductor Manufactures
- Enterprise Hardware Manufacturers
Segmentation on the basis of Services for Embedded Intelligence Market:
- Platform engineering
- System integration
- Protocol engineering
- Application development, porting and sustenance
- Testing
Segmentation on the basis of the application for Embedded Intelligence Market:
- Home Infotainment
- In-Vehicle Infotainment
- Navigation, Building Automation
- Video Surveillance
- Switches and Routers
- Data Center Solutions
- Automobile sector
Segmentation on the basis of Region for Embedded Intelligence Market:
- Asia-Pacific excluding Japan
- The Middle East and Africa
- Western Europe
- North America
- Eastern Europe
- Latin America
- Japan
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