Edge AI Market Growth, Size, Share, Opportunities, Industry Analysis & Forecast to 2029

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 research on the Edge AI  Market is based on the detailed dynamics the Market. The report covers Market revenue forecasts at global, regional and segment, and national levels. Industry potential is deeply studied. Region wise trend during the forecast period and individual nation Market share are all included in Edge AI  Market research.

Edge AI Market Report Scope and Research Methodology

The Market report offers a qualitative and quantitative analysis of the Edge AI  Market’s size, price, demand, mergers and acquisitions, supply chain, investments, and expansion plans by major competitors, as well as forecasts. The thorough segment analysis offers precise details on the Market potential. The report gives investors a thorough understanding of the future of the Edge AI industry as well as the factors that are anticipated to have both positive and negative effects on the Market.

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The report offers fundamental information on the Market such as stakeholders, investors and new entrants used to develop Marketing plans and investments. The report contains Market leaders, followers, and new entrants in the Edge AI Industry together with information on their strategies, revenues, partnerships, joint ventures, etc. for the competitive analysis. The size of the Market was calculated using the bottom-up method. A combination of primary and secondary research collection techniques was used to gather the data for the Edge AI Market report.

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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.

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)

Market Regional Insights

The Regional Analysis used in the report to understand the Edge AI  Market status in various countries. The report involves a thorough analysis of all the factors, Market size, growth rate, and import and export in regions. The Edge AI  Market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

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Key questions answered in the Edge AI Market are:

• What is Edge AI ?
• What was the Market size in 2023?
• What is the growth rate of the Market?
• Which are the factors expected to drive the Market growth?
• What are the different segments of the Market?
• What growth strategies are the players considering to increase their presence in Edge AI ?
• What are the upcoming industry applications and trends for the Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Market?
• What is the demand pattern of the Edge AI Market?
• What major challenges could the Market face in the future?
• What segments are covered in the Market
• What segments are covered in the Market?
• Who are the key players 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

About Maximize Market Research:

Maximize Market Research is a multifaceted Market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Market-verified industry estimations, technical trend analysis, crucial Market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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