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Currently, other transformational technologies like artificial intelligence (AI), the Internet of Things (IoT ) and machine learning (ML) require much faster speeds to function than 3G and 4G networks offer. As mobile technology has expanded over the years, the amount of data users generate every day has increased exponentially.
In our forecast period from 2024 to 2028 we predict a double digit CAGR, a slight increase compared to the past four years, which were heavily influenced by the pandemic. Inputs can include not only documents and other text-based sources, but also voice, photos, videos, and IoT channels.
Beyond that, household devices blessed with Internet of Things (IoT) technology means that CPUs are now being incorporated into refrigerators, thermostats, security systems and more. Companies will become more focused on energy-efficient solutions as energy costs rise. AI ASICs: USD 1.5 Data processing units (DPUs): USD 0.6
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