Edge AI Market Share, Growth, Industry Segmentation, Analysis and Forecast 2029

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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 “Global Edge AI Market Analysis” is a thorough examination of the Edge AI market, with an emphasis on global market trends and analysis. This research aims to give an overview of the Edge AI industry as well as a complete market analysis by segment and geography. The Edge AI market is predicted to grow significantly over the forecast period. The report includes vital information on the market positions of the major Edge AI companies, as well as notable industry trends and prospects.

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Edge AI Market Scope:

The report includes a PESTLE analysis to assess the market’s major competitors’ strengths and weaknesses. The report thoroughly investigates the Edge AI Market size, share, trends, total earnings, gross revenue, and profit margin in order to predict the market and give investors professional insights to keep them up to speed on market developments.

The research also focuses on the top industry players in the Global Edge AI market, including company biographies, product photos and specifications, capacity, production, price, cost, revenue, and contact information. This study investigates market trends, volume, and value at the global, regional, and corporate levels. This research looks at the whole Edge AI Market Size from a global perspective, analyzing historical data and creating estimates.

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.

 

 

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Edge AI Market Key Players:

Secondary research identifies key market participants, whereas primary and secondary research determines their market revenues. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data. The following is a list of a few firms involved in the 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)

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Edge AI Market Regional Analysis:

The Edge AI study delves into the geographic analysis, which is further subdivided into sub-regions and nations. This portion of the research includes profit estimates as well as market share data for each nation. This section of the research goes through each region’s and country’s share and growth rate during the projected time period.

After examining political, economic, social, and technological aspects impacting the Edge AI market in various areas, the research delivers a definitive PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

COVID-19 Impact Analysis on Edge AI Market:

As a result of the COVID-19 pandemic, customer behaviour has evolved 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.

The Edge AI Market Report presents a 360-degree study under the COVID-19 Impact section, extending from the flexible supply chain and import restrictions to provincial government policy and future effect on the firm. Primary market research (2021-2027), venture competition examples, advantages and downsides of huge company streams, and industry growth patterns (2021-2027) have all been presented.

Key Questions Answered in the Edge AI Market Report are:

  • How big is the market for Edge AI?
  • Which regional market will emerge as the market leader in the next years?
  • Which application category is expected to develop the fastest?
  • What opportunities for growth may exist in the Edge AI industry in the next years?
  • What are the most significant future challenges that the Edge AI market may face?
  • Who are the market leaders in the Edge AI category?
  • What are the main trends that are influencing market growth?

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