The Edge AI Market is projected to grow at a CAGR of 20.1% through 2029 and is currently valued at US$ 14.54 Bn in 2022. The Edge AI Market is expected to become $54.38 Bn by 2029.
Edge AI Market Overview
The report delivered by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The report gives insights about the market to help clients understand the demand for their product in the future with the emerging trends in the Edge AI industry.
Edge AI Market Report Scope and Research Methodology
The report provides a thorough analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics on Edge AI. The report offers the market share and rival sector, as well as an analysis of the major vendors and leading regions. The report also provides the Edge AI market’s present size, growth rates, and company profiles of the top players and producers. The bottom-up approach was used to estimate the Edge AI market size.
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Growth models and strategies used by key players are based on the competitive landscape. The report provides a thorough analysis of the market and includes meaningful insights, facts, historical data and industry-validated market statistics. The report also provides the Edge AI present size, growth rates, and company profiles of the top players and producers. An in-depth analysis of the regional environment is involved, along with information on the potential, important growth indicators, geographical challenges, and threats facing the market.
Market Regional Insights
The Regional Analysis in the report helps to understand the market in various countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions covering North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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Edge AI Market Segmentation
By Component: The hardware, software, edge cloud infrastructure, and services that make up the Edge AI industry can be divided into many categories. By dividing the market into segments based on these factors, it is possible to conduct a focused examination of the crucial factors influencing the operation and performance of edge devices, enabling the development of customised solutions.
Memory includes RAM, ROM, and NVM options, while hardware processors offer a wide range of models including CPUs, GPUs, FPGAs, and ASICs. Cameras, microphones, and temperature sensors are examples of sensors that collect environmental data. Input/output interfaces, networking modules, specialised hardware accelerators, and power management units are additional components.
By Application: The Edge AI market may be divided based on the various industries it is used in, such as video surveillance, energy management, access control, autonomous cars, and many more. Applications for video surveillance use edge AI for real-time video analysis and improved security. Edge AI is used by access management to provide safe access control and authentication. Edge AI is a critical component of autonomous cars’ onboard processing and decision-making for navigation and collision avoidance. Edge AI is used in energy management to manage the smart grid and optimise energy consumption. Edge AI also has uses in a variety of industries, including agriculture, manufacturing, healthcare, and retail. The ability to target solutions and develop industry-specific strategies to address the unique needs of each segment is made possible by segmenting the market based on applications.
Edge AI Market Key Players
North America:
1. Apple Inc. (United States)
2. Oracle Corporation (United States)
3. General Electric Company (GE) (United States)
4. Honeywell International Inc. (United States)
5. NVIDIA Corporation (United States)
6. Intel Corporation (United States)
7. Microsoft Corporation (United States)
8. Google LLC (United States)
9. Advanced Micro Devices, Inc. (AMD) (United States)
10. Xilinx, Inc. (United States)
11. Cisco Systems, Inc. (United States)
12. Dell Technologies Inc. (United States)
13. Hewlett Packard Enterprise (HPE) (United States)
14. Amazon Web Services (AWS) (United States)
15. Advanced Micro Devices, Inc. (AMD) (United States)
Europe:
16. IBM Corporation (United States, but major presence in Europe)
17. Accenture PLC (Ireland)
18. Siemens AG (Germany)
19. SAP SE (Germany)
Asia Pacific:
20. Huawei Technologies Co., Ltd. (China)
21. Samsung Electronics Co., Ltd. (South Korea)
22. MediaTek Inc. (Taiwan)
23. Baidu, Inc. (China)
24. Fujitsu Limited (Japan)
25. NEC Corporation (Japan)
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Key questions answered in the Edge AI Market are:
- What is Edge AI?
- What are the global trends in the Edge AI Market?
- What was the market size in 2022?
- Which trends are expected to generate additional revenue for the market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Market?
- What are the major challenges that the Edge AI Market could face in the future?
- What are the upcoming industry applications and trends for the Market?
- What growth strategies are the players considering to increase their presence in the Market?
- Who held the largest market share in the Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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