Signal On-device AI market projected to grow about 28 percent a year

Summary

A Deloitte estimate cited in the report projects the on-device AI market to grow at an average of 27.9 percent a year through 2031. The report says the stagnant smartphone market has re-entered a high-growth phase with next-generation phones carrying generative AI and with AI PCs. Whether consumers accept the value of generative AI is described as the key variable for that growth. Building a hybrid AI architecture that splits work between devices and the cloud is presented as essential. The estimate supports the view that personal devices are becoming a major new venue for AI computation.