PUBLISHER: TechNavio | PRODUCT CODE: 1769526
PUBLISHER: TechNavio | PRODUCT CODE: 1769526
The on-device ai market is forecasted to grow by USD 160,236.4 mn during 2024-2029, accelerating at a CAGR of 34.5% during the forecast period. The report on the on-device ai market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for enhanced data privacy and security, imperative for low latency and real-time responsiveness, and advancements in and proliferation of ai-optimized silicon.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 27.9% |
CAGR | 34.5% |
Incremental Value | $160,236.4 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's on-device ai market is segmented as below:
By Component
By Technology
By Application
By Geographical Landscape
This study identifies the emergence of on-device generative ai and small language models as one of the prime reasons driving the on-device ai market growth during the next few years. Also, shift to a hybrid ai architecture and hardware and software co-design and vertical integration will lead to sizable demand in the market.
The report on the on-device ai market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading on-device ai market vendors that include Alibaba Group Holding Ltd., Amazon.com Inc., Apple Inc., Arm Ltd., Baidu Inc., Google LLC, Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., Lenovo Group Ltd., MediaTek Inc., Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Samsung Electronics Co. Ltd., Sensory Inc., Sony Group Corp., Tesla Inc., and Xiaomi Inc.. Also, the on-device ai market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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