AIoT is set to revolutionise every aspect of life from smart homes, cities and healthcare to industry 4.0 and autonomous vehicles and could be worth in excess of $3 trillion by 2026.
The research found that market-level barriers to the AIoT have eased among engineers with worries over security falling from 45 per cent of those questioned last year, to just 31 per cent today.
Connectivity was another issue but just 27% now said that the potential of AIoT would be restricted by network bandwidth limitations (down from 38% last year) and only 26% said latency was a barrier (down from 32% last year).
Electronics engineers are also feeling more confident with regards to device-level challenges around the AIoT. While 51% want to add more on-device processing power (up from 40% last year), just 48% said that cost was a barrier to ramping up processing requirements, down from 64%.
Concerns around design complexity with the AIoT and how to combine different classes of compute have also eased according to Mark Lippett, CEO, XMOS, who said that, “While barriers to the AIoT market still exist, what we’re seeing here is the natural progression of a market as it begins to mature.”