Edge AI Market by Component (Hardware, Network, Edge Cloud Infrastructure, Software, Support Services), by Industry (Automotive, Manufacturing, Healthcare, Energy & Utility, Retail & Consumer Goods, IT & Telecom, Others), by By Component (Hardware, Network, Edge Cloud Infrastructure, Software, Support Services), by South America (Brazil, Argentina, Rest of South America), by Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2024-2032
The Edge AI Market size was valued at USD 11.98 USD billion in 2023 and is projected to reach USD 20.40 USD billion by 2032, exhibiting a CAGR of 7.9 % during the forecast period. Edge AI Market consists of AI capability brought directly to sensors, cameras, and IoT devices, which means that it is accomplishing instantaneous data processing at the edge of the network. Such an architecture gives devices the ability to make on-site decisions individually, which ultimately leads to cutting transmission delays with less reliance on centralized servers. Applications span smart cities, manufacturing, healthcare, and autonomous vehicles, which task such processes as predictive maintenance and facial recognition. One of the essential parts is the combination of 5G with edge AI to increase connectivity and at the same time also focus on designing lightweight AI models to save energy for edge computing. Security and privacy stand on top of the list of the things that make end-users use particular cloud-based Internet of Things services. In summary, the Edge AI Market depicts the evolution of AI to the edge computing environment that caters to the requirements of the Internet of Things as of now phase.
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Industry:
The report provides an in-depth analysis of the global edge AI market, covering drivers, restraints, opportunities, and challenges. It also includes market segmentation, competitive landscape, key industry developments, and regional insights.
North America and Europe are expected to dominate the market, followed by Asia-Pacific. Emerging markets in Latin America, the Middle East, and Africa offer significant growth potential.
Edge AI is subject to data privacy and security regulations, such as GDPR and HIPAA.
The report includes a comprehensive analysis of edge AI patents, providing insights into key players and technological advancements.
"The edge AI market is poised for significant growth driven by the increasing demand for real-time data processing and decision-making. As technology continues to evolve, edge AI solutions will become more pervasive, enabling businesses to unlock new opportunities and drive innovation."
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.9% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.9% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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