Polaris Market Research has conducted a comprehensive research study spanning over 115 pages, revealing that the global edge AI hardware market was valued at USD 1,156.82 Million in 2022. The study predicts that the market will grow at a compound annual growth rate (CAGR) of 21.4% and is expected to reach USD 7,977.31 Million By 2032. Smartphones segment accounted highest market share in 2022 owing to the proliferation for advanced features in smartphones and high adoption of innovated processors. The increasing demand for sparse latency and real-time refining of edge gadgets is pushing the market’s growth.
