What is the global market size of Edge Artificial Intelligence (AI) Market?

Edge Artificial Intelligence (AI) Market size was valued at USD 15.60 Billion in 2022 and is projected to grow from USD 20.55 Billion in 2023 to reach USD 185.95 Billion by 2031, growing at a CAGR of 31.7% in the forecast period (2024-2031).

Who are the key vendors in the Edge Artificial Intelligence (AI) Market?

The competitive landscape in the Edge AI industry is defined by the existence of major competitors fighting for market supremacy. To strengthen their positions in the market, these businesses engage in a range of strategic interactions, such as collaborations, acquisitions, regional expansion, and product development. Among the top companies in the Edge AI industry are Qualcomm, NVIDIA, IBM, Microsoft, Intel, and Google. 'Samsung Electronics Co., Ltd. (South Korea) ', 'Siemens AG (Germany) ', 'NEC Corporation (Japan) ', 'Advanced Micro Devices, Inc. (AMD) (US) ', 'Huawei Technologies Co., Ltd. (China) ', 'NVIDIA Corporation (US) ', 'Amazon Web Services (AWS) (US) ', 'Baidu, Inc. (China) ', 'Cisco Systems, Inc. (US) ', 'Minima Global Ltd. (UK) ', 'Accenture PLC (Ireland) ', 'MediaTek Inc. (Taiwan) ', 'Dell Technologies Inc. (US) ', 'SAP SE (Germany) ', 'Xilinx, Inc. (US) ', 'Fujitsu Limited (Japan) ', 'Intel Corporation (US) ', 'Qualcomm Inc. (US) ', 'Renesas Electronics Corporation (Japan)'

What is the key driver of Edge Artificial Intelligence (AI) Market?

For the self-driving car to function competently, it is mandatory to have access to real-time data which will be later transmitted to the cloud. These are need through advanced machine learning and artificial intelligence technologies assist the autonomous driving systems in making these decisions. Self-driving linking to the extremity, self-driving cars raise efficiency, reduce the probability of the accident, enhance the safety, and alleviate the traffic jam.

What is the key market trend for Edge Artificial Intelligence (AI) Market?

Increased Digital Dependence in Edge Artificial Intelligence (AI) in Industry 4.0: To establish smart factories, organizations have adopted advanced technologies such as AI, Internet of things, cloud computing, and automation to create stock, flooring, and composition “Industry 4. 0 marks the shift in design and industrial production. As a result, edge AI involves handling data closer to its source with little delegation to more centralized areas such as data centers or cloud premises and is instrumental to Industry 4. They include reducing latency, providing instantaneous information processing to enhance real time information and automation of network activities.

Which region accounted for the largest share in Edge Artificial Intelligence (AI) Market?

Edge Artificial Intelligence Market is currently led by North America. North America dominated the market primarily for two reasons: First, since the various industries or companies, especially in the United States, have increasingly focused on the adoption of new technologies including artificial intelligence, deep learning and machine learning; second, due to the shifted trends towards implementing new technologies, including artificial intelligence, deep learning, and machine learning among various industries or companies in the region. The idea of Americanization of a national artificial technology implementation is the primary focus of the United States government advanced today. This is expected because there is rising demand for these solutions within the manufacturing, automotive, energy & utility and other industries in the United Kingdom, Germany, France, and Italy and so Europe is expected to have a big market for this solution. Market participants are investing a large amount of money in R and D, with the aim of focusing on the development of such solutions.

Edge Artificial Intelligence (AI) Market Trends

Skyquest Technology's expert advisors have carried out comprehensive research on the edge artificial intelligence (ai) market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.

Edge Artificial Intelligence (AI) Market Dynamics

Drivers

Demand for Improved Data Processing Capabilities

Deployment of edge AI solutions helps in providing better data processing and even real-time data processing capabilities for multiple applications where immediate response is required. Automated cars and industrial automation are prime examples where edge AI finds robust applications.

Reduced Latency

High bandwidth and reduced latency solutions are gaining massive traction on a global level. Edge AI solutions offer just this and provide an improved response in multiple industry verticals thereby driving market growth.

Restraints

Limited Processing Power

While edge AI solutions reduce latency in processing, there is only a certain limit of processing power that edge devices can handle. This is often very less compared to centralized processing servers, which makes it a challenge to run complex AI algorithms on edge devices and slows down market development potential.

Complexity in Data Management

Managing data across multiple edge platforms and devices can be challenging and result in inconsistencies in data privacy and security regulations. This complexity is projected to hurt edge artificial intelligence (AI) demand outlook in the future.

Edge Artificial Intelligence (AI) Market Report Snapshots

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FAQs

Edge Artificial Intelligence (AI) Market size was valued at USD 20.55 Billion in 2023 and is poised to grow from USD 27.06 Billion in 2024 to USD 244.9 Billion by 2032, growing at a CAGR of 31.7% during the forecast period (2025-2032).

Edge artificial intelligence (AI) companies are estimated to focus on capitalizing on the rising use of edge computing and artificial intelligence technologies. Device miniaturization and the development of custom edge AI solutions are also expected to offer new opportunities for edge artificial intelligence (AI) companies in the future. Advancements in connected devices and Internet of Things (IoT) technologies are also expected to play a vital role in future edge artificial intelligence (AI) market development. Collaborations will also be highly popular among edge artificial intelligence (AI) providers looking to make a mark in this landscape. 'Samsung Electronics Co., Ltd. (South Korea) ', 'Siemens AG (Germany) ', 'NEC Corporation (Japan) ', 'Advanced Micro Devices, Inc. (AMD) (US) ', 'Huawei Technologies Co., Ltd. (China) ', 'NVIDIA Corporation (US) ', 'Amazon Web Services (AWS) (US) ', 'Baidu, Inc. (China) ', 'Cisco Systems, Inc. (US) ', 'Minima Global Ltd. (UK) ', 'Accenture PLC (Ireland) ', 'MediaTek Inc. (Taiwan) ', 'Dell Technologies Inc. (US) ', 'SAP SE (Germany) ', 'Xilinx, Inc. (US) ', 'Fujitsu Limited (Japan) ', 'Intel Corporation (US) ', 'Qualcomm Inc. (US) ', 'Renesas Electronics Corporation (Japan)'

Deployment of edge AI solutions helps in providing better data processing and even real-time data processing capabilities for multiple applications where immediate response is required. Automated cars and industrial automation are prime examples where edge AI finds robust applications.

Smart Cities: Investments in the development of smart cities are increasingly rapidly around the world. Launch of several new smart city programs and initiatives by governments will also create an opportune setting for edge artificial intelligence (AI) companies in the long run.

Supportive government initiatives to promote the adoption of artificial intelligence in almost all industry verticals are helping North America lead the global edge artificial intelligence (AI) market growth. The presence of key edge AI companies such as IBM, Nvidia, and Amazon is also expected to help the dominance of this region going forward. Rising availability of novel edge artificial intelligence (AI) solutions and high adoption of automation across multiple verticals will also help foster new opportunities in this region. Canada and the United States are anticipated to be the most opportune markets in this region.

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Edge Artificial Intelligence (AI) Market

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