Global shipments of AI edge chips 2020 and 2024, by device

The forecasted shipments of edge artificial intelligence (AI) chips for smartphones will amount to around one billion units worldwide in 2024. Other devices that will increasingly use edge AI chips include tablets, smart speakers, and wearables.

AI chips

In order to provide greater security and efficiency, many data centers are overseeing the widespread implementation of artificial intelligence (AI) in their processes and systems. AI technologies and tasks require specialized AI chips that are more powerful and optimized for advanced machine learning (ML) algorithms, owning to an overall growth in data center chip revenues.

The edge

Edge computing is a fast-growing market, with the forecast edge computing market revenue set to reach over 250 billion U.S. dollars by 2024. Capital expenditure on edge computing devices and infrastructure is projected to amount to a staggering 146 billion U.S. dollars by 2028, while the edge data center market is also expected to grow strongly. Experts have suggested that the growth of emerging technologies like 5G and IoT will contribute to this growth.