2024 more likely to be a ‘revolutionary 12 months’ for smartphones: Report

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2024 more likely to be a ‘revolutionary 12 months’ for smartphones: Report

CHENNAI: A latest business report has discovered that 2024 is predicted to be a revolutionary 12 months for smartphones with the arrival of Generative AI (GenAI)-based units. Smartphone OEMs are geared to distinguish their upcoming choices and GenAI is more likely to play a key function in that differentiation.
Preliminary knowledge tasks shipments of GenAI smartphones will attain over 100 million items in 2024, as per the “GenAI Smartphone Shipments and Insights”, from Counterpoint Analysis.”By 2027, we anticipate GenAI smartphone shipments to achieve 522 million items, rising at a CAGR of 83%,” the report notes.
Counterpoint Analysis defines GenAI smartphones as a subset of AI smartphones that makes use of Generative AI to create unique content material, slightly than simply offering pre-programmed responses or performing predefined duties. These units will run size-optimized AI fashions natively and include sure {hardware} specs.
As per the analysis agency, OEMs are anticipated to deal with GenAI functions together with information provisioning, picture constructing, dwell translation, private assistant functions and others. The seemingly use instances will embrace creating extra personalised content material, smarter digital assistants with distinctive personalities and dialog types, content material suggestions and extra. Nonetheless, this will even require addressing points like working into reminiscence constraints and can seemingly result in a hybrid method in some instances, the report notes.
Samsung and Qualcomm are fast leaders as present product choices and capabilities place them as first movers. Samsung is more likely to seize nearly 50% share for the following two years, adopted by key Chinese language OEMs like Xiaomi, vivo, HONOR and OPPO. Qualcomm is more likely to seize over 80% of the GenAI smartphone marketplace for the following two years.
“The share of GenAI smartphones within the total smartphone market can be in single digits via subsequent 12 months. However these numbers is not going to precisely replicate the quantity of pleasure and advertising hyperbole we expect to see,” Counterpoint Analysis director Tarun Pathak stated.
“AI has been a function of smartphones for the previous couple of years. We now anticipate to see the emergence of smartphones optimized to run GenAI fashions along with the conventional use of AI in smartphones,” VP and analysis director Peter Richardson stated.