PUBLISHER: KBV Research | PRODUCT CODE: 1709902
PUBLISHER: KBV Research | PRODUCT CODE: 1709902
The Latin America, Middle East and Africa Edge AI Accelerator Market would witness market growth of 31.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Edge AI Accelerator Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $869 million by 2031. The Argentina market is exhibitng a CAGR of 32.4% during (2024 - 2031). Additionally, The UAE market would experience a CAGR of 30.3% during (2024 - 2031).
The proliferation of IoT devices and smart systems is a key driver of adoption, as these technologies generate massive datasets that benefit from on-device processing. The compatibility of edge AI with emerging connectivity solutions, such as faster networks, further accelerates its uptake by enabling more sophisticated applications. As hardware becomes more accessible and software ecosystems mature, adoption is broadening across established industries and emerging markets, reflecting a growing consensus on the value of edge-based AI.
The push toward digital transformation fuels this trend as organizations seek to modernize operations and stay competitive. Companies are investing in edge AI accelerators to enhance automation, improve customer experience, and streamline processes, recognizing their role in future-proofing operations. The availability of tailored solutions-from compact chips for consumer devices to robust systems for industrial uses that adoption spans a wide range of use cases, cementing edge AI accelerators as a transformative technology across the board.
Brazil's e-commerce sector, expected to exceed $200 billion by 2026 with an annual growth rate of 14.3%, is significantly contributing to the expansion of the market. The country's growing digital economy is increasing the demand for AI-driven personalization, fraud detection, and real-time inventory management in e-commerce. With the rapid adoption of AI-enhanced customer experiences, such as voice assistants, recommendation engines, and chatbots, Edge AI accelerators are essential for reducing cloud dependency, enhancing response times, and improving transaction security. Furthermore, Brazil's increasing investments in AI and data centers foster an ecosystem where Edge AI technologies can thrive, ensuring more efficient AI-powered services across the country's digital commerce landscape. Hence, the growing focus on smart cities, IoT, AI, and digital commerce in the UAE, Saudi Arabia, and Brazil is accelerating the adoption of Edge AI accelerators.
Based on Processor, the market is segmented into Central Processing Unit (CPU), Graphics Processing Unit (GPU), Application-Specific Integrated Circuits (ASICs), and Other Processor. Based on Device, the market is segmented into Smartphones, IoT Devices, Robots, and Cameras. Based on End Use, the market is segmented into Automotive, Healthcare, Manufacturing, Security & Surveillance, Retail, and Other End Use. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Edge AI Accelerator Market Report Segmentation
By Processor
By Device
By End Use
By Country