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 purpose of this research is to offer an overview of the Edge AI industry as well as thorough market segmentation by segments and geographies. The study includes vital information on the market positions of the top Edge AI organizations, as well as major industry trends and possibilities.
The study also focuses on the major industry players in the Global Edge AI market, including information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into global, regional, and company market trends, volume, and value. This study examines the whole Edge AI Market Size from a worldwide viewpoint, evaluating historical data and making projections.
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Edge AI Market Scope:
Following the completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Both top-down and bottom-up approaches, as well as numerous data triangulation methods, were widely used throughout the market engineering process to achieve market estimation and forecasts for the overall market segments and sub-segments offered in the Edge AI market study. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all statistics gathered during the whole market engineering process.
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are computed using weights assigned to each segment based on usage rate and average sale price. To determine the country-wise splits of the overall market and its sub-segments, the percentage adoption or usage of the given market Size in the relevant area or nation is employed.
Edge AI Market Segmentation:
By Component: Hardware, software, Edge Cloud Infrastructure, and services are the components that can be used to segment the Edge AI market. By dividing the market according to these factors, it is possible to concentrate on analyzing the essential factors that influence the functionality and performance of edge devices, enabling customized solutions for particular requirements.
Memory comprises RAM, ROM, and NVM choices, whereas hardware processors include CPUs, GPUs, FPGAs, and ASICs. Sensors, which can include temperature sensors, microphones, and cameras, gather information from their surroundings. Additional parts include input/output interfaces, specialized hardware accelerators, connectivity modules, and power management units.
By Application: The Edge AI market can be divided into submarkets according to the various uses it has, such as energy management, video surveillance, access control, autonomous cars, and other diversified industries. Edge AI is used by video surveillance apps to provide improved security and real-time video analysis. Edge AI is used by access management to provide secure authentication and access control systems. For onboard processing and decision-making in navigation and collision avoidance, autonomous cars depend on Edge AI. Edge AI is utilized in energy management to optimize energy consumption and facilitate smart grid management. Furthermore, Edge AI finds use in a number of industries, including manufacturing, retail, healthcare, and agriculture. By breaking the market down into segments according to applications, industry-specific strategies and focused solutions can be implemented to satisfy the unique needs of each segment.
𝗚𝗲𝘁 𝘁𝗵𝗲 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁
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Edge AI Market Key Players:
Acquisitions, partnerships, and collaborations were among the inorganic growth strategies mentioned in the industry. Industry participants in the Edge AI market are expected to profit from strong future growth possibilities due to rising demand. The following are a few firms involved in the global Edge AI industry.
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)
𝗚𝗲𝘁 𝘁𝗵𝗲 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁
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Edge AI Market Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining the political, economic, social, and technological variables influencing the Edge AI market in these regions.
COVID-19 Impact Analysis on Edge AI Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Edge AI market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Edge AI Market Report are:
- What will be the Edge AI market’s CAGR throughout the projected period?
- Which market category emerged as the market Edge AIer in the Edge AI industry?
- Who are the key players in the Edge AI market?
- How big will the Edge AI market be in 2027?
- Which firm had the biggest market share in the Edge AI industry?
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