Market Research

Edge AI Market

Best Price Guarantee Length Publisher Published Date SKU
from $4,850 163 Pages Fortune Business Insights Pvt. Ltd. August, 2024 FOB19136310
Best Price Guarantee
Price from $4,850
Length 163 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date August, 2024
SKU FOB19136310

Edge AI Market



Growth Factors of Edge AI Market

The global edge AI market size was valued at USD 20.45 billion in 2023 and is projected to grow from USD 27.01 billion in 2024 to USD 269.82 billion by 2032, exhibiting a CAGR of 33.3% during the forecast period of 2024-2032.

The pandemic improved the Edge AI marketplace's increase, pushed via accelerated demand for actual-time records processing and automation in faraway paintings and IoT applications. This surge highlighted the importance of AI-powered side gadgets, boosting marketplace adoption and impeding the rise of edge AI market growth.

The increasing demand pushes the Edge AI market for actual-time information processing, the upward thrust of IoT devices, and the want for low-latency AI programs. Advances in AI technology and the expansion of 5G infrastructure further raise market growth by enabling faster and extra green facet computing.

Edge AI is joining forces with the Internet of Things (IoT) to create a compelling duo. By integrating with IoT devices, aspect AI permits actual-time evaluation of facts amassed from sensors and other linked gadgets, leading to the expansion of edge AI market share globally. This allows fast choice-making and quicker response times. Additionally, the rollout of 5G networks is a recreation-changer for side AI. 5G's high bandwidth and low latency ensure smooth facts transmission, making it best for programs wherein velocity is critical.

Comprehensive Analysis of Edge AI Market

The Edge AI market is segmented with the aid of components and industries. The hardware phase, in particular part chipsets like GPU, CPU, ASIC, and FPGA, dominates due to its essential role in IoT gadgets, smartphones, and commercial robots. It is expected to keep leading with the very best CAGR. The software program phase is likewise poised for enormous growth because it enables actual-time facts processing on local gadgets. By enterprise, the automotive area is led by adopting edge solutions in autonomous vehicles for excellent protection and performance. At the same time, the customer goods segment indicates a promising increase driven via clever wearables and digital devices.

The North American region led the edge AI market by benefitting a size of USD 7.50 billion in 2023 due to a robust emphasis on adopting advanced technologies, along with AI, deep studying, and gadget studying, by way of businesses within the vicinity, especially within the U.S.

The leading players in the Edge AI market significantly influence its growth trajectory and set industry standards. These key players, including NVIDIA Corporation (U.S.), Alphabet, Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Amazon.com, Inc. (U.S.), Intel Corporation (U.S.), Synaptics Incorporated (U.S.), ADLINK Technology Inc. (Taiwan), Edge Impulse (U.S.), and Viso.ai (Switzerland), contribute to a competitive landscape, driving innovation and market advancement.

In March 2024, HPE released a GenAI education and inference merchandise suite and plans to leverage microservices and the Nvidia GPUs software program. The corporation delivered edge-to-statistics center, on-premises, hybrid, and public cloud strategies as part of its GenAI portfolio. Additionally, HPE announced the provision of GenAI supercomputing systems incorporating Nvidia components.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 33.3% from 2024 to 2032

Unit Value (USD billion)

Segmentation By Component
  • Hardware
  • Network
  • Edge Cloud Infrastructure
  • Software
  • Support Services
By Industry
  • Automotive
  • Manufacturing
  • Healthcare
  • Energy & Utility
  • Retail & Consumer Goods
  • IT & Telecom
  • Others (Government, etc.)
By Region
  • North America (By Component, Industry, and Country)
- U.S. (By Industry)

- Canada (By Industry)

- Mexico (By Industry)
  • South America (By Component, Industry, and Country)
- Brazil (By Industry)

- Argentina (By Industry)

- Rest of South America
  • Europe (By Component, Industry, and Country)
- U.K. (By Industry)

- Germany (By Industry)

- France (By Industry)

- Italy (By Industry)

- Spain (By Industry)

- Russia (By Industry)

- Benelux (By Industry)

- Nordics (By Industry)

- Rest of Europe
  • Middle East & Africa (By Component, Industry, and Country)
- Turkey (By Industry)

- Israel (By Industry)

- GCC (By Industry)

- North Africa (By Industry)

- South Africa (By Industry)

- Rest of Middle East & Africa
  • Asia Pacific (By Component, Industry, and Country)
- China (By Industry)

- India (By Industry)

- Japan (By Industry)

- South Korea (By Industry)

- ASEAN (By Industry)

- Oceania (By Industry)

- Rest of Asia Pacific


1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Edge AI Key Players Market Share/Ranking, 2023
5. Global Edge AI Market Size Estimates and Forecasts, By Segments, 2019-2032
5.1. Key Findings
5.2. By Component (USD)
5.2.1. Hardware
5.2.2. Network
5.2.3. Edge Cloud Infrastructure
5.2.4. Software
5.2.5. Support Services
5.3. By Industry (USD)
5.3.1. Automotive
5.3.2. Manufacturing
5.3.3. Healthcare
5.3.4. Energy & Utility
5.3.5. Retail & Consumer Goods
5.3.6. IT & Telecom
5.3.7. Others (Government, etc.)
5.4. By Region (USD)
5.4.1. North America
5.4.2. South America
5.4.3. Europe
5.4.4. Middle East & Africa
5.4.5. Asia Pacific
6. North America Edge AI Market Size Estimates and Forecasts, By Segments, 2019-2032
6.1. Key Findings
6.2. By Component (USD)
6.2.1. Hardware
6.2.2. Network
6.2.3. Edge Cloud Infrastructure
6.2.4. Software
6.2.5. Support Services
6.3. By Industry (USD)
6.3.1. Automotive
6.3.2. Manufacturing
6.3.3. Healthcare
6.3.4. Energy & Utility
6.3.5. Retail & Consumer Goods
6.3.6. IT & Telecom
6.3.7. Others (Government, etc.)
6.4. By Country (USD)
6.4.1. United States
6.4.1.1. By Industry
6.4.2. Canada
6.4.2.1. By Industry
6.4.3. Mexico
6.4.3.1. By Industry
7. South America Edge AI Market Size Estimates and Forecasts, By Segments, 2019-2032
7.1. Key Findings
7.2. By Component (USD)
7.2.1. Hardware
7.2.2. Network
7.2.3. Edge Cloud Infrastructure
7.2.4. Software
7.2.5. Support Services
7.3. By Industry (USD)
7.3.1. Automotive
7.3.2. Manufacturing
7.3.3. Healthcare
7.3.4. Energy & Utility
7.3.5. Retail & Consumer Goods
7.3.6. IT & Telecom
7.3.7. Others (Government, etc.)
7.4. By Country (USD)
7.4.1. Brazil
7.4.1.1. By Industry
7.4.2. Argentina
7.4.2.1. By Industry
7.4.3. Rest of South America
8. Europe Edge AI Market Size Estimates and Forecasts, By Segments, 2019-2032
8.1. Key Findings
8.2. By Component (USD)
8.2.1. Hardware
8.2.2. Network
8.2.3. Edge Cloud Infrastructure
8.2.4. Software
8.2.5. Support Services
8.3. By Industry (USD)
8.3.1. Automotive
8.3.2. Manufacturing
8.3.3. Healthcare
8.3.4. Energy & Utility
8.3.5. Retail & Consumer Goods
8.3.6. IT & Telecom
8.3.7. Others (Government, etc.)
8.4. By Country (USD)
8.4.1. United Kingdom
8.4.1.1. By Industry
8.4.2. Germany
8.4.2.1. By Industry
8.4.3. France
8.4.3.1. By Industry
8.4.4. Italy
8.4.4.1. By Industry
8.4.5. Spain
8.4.5.1. By Industry
8.4.6. Russia
8.4.6.1. By Industry
8.4.7. Benelux
8.4.7.1. By Industry
8.4.8. Nordics
8.4.8.1. By Industry
8.4.9. Rest of Europe
9. Middle East & Africa Edge AI Market Size Estimates and Forecasts, By Segments, 2019-2032
9.1. Key Findings
9.2. By Component (USD)
9.2.1. Hardware
9.2.2. Network
9.2.3. Edge Cloud Infrastructure
9.2.4. Software
9.2.5. Support Services
9.3. By Industry (USD)
9.3.1. Automotive
9.3.2. Manufacturing
9.3.3. Healthcare
9.3.4. Energy & Utility
9.3.5. Retail & Consumer Goods
9.3.6. IT & Telecom
9.3.7. Others (Government, etc.)
9.4. By Country (USD)
9.4.1. Turkey
9.4.1.1. By Industry
9.4.2. Israel
9.4.2.1. By Industry
9.4.3. GCC
9.4.3.1. By Industry
9.4.4. North Africa
9.4.4.1. By Industry
9.4.5. South Africa
9.4.5.1. By Industry
9.4.6. Rest of MEA
10. Asia Pacific Edge AI Market Size Estimates and Forecasts, By Segments, 2019-2032
10.1. Key Findings
10.2. By Component (USD)
10.2.1. Hardware
10.2.2. Network
10.2.3. Edge Cloud Infrastructure
10.2.4. Software
10.2.5. Support Services
10.3. By Industry (USD)
10.3.1. Automotive
10.3.2. Manufacturing
10.3.3. Healthcare
10.3.4. Energy & Utility
10.3.5. Retail & Consumer Goods
10.3.6. IT & Telecom
10.3.7. Others (Government, etc.)
10.4. By Country (USD)
10.4.1. China
10.4.1.1. By Industry
10.4.2. India
10.4.2.1. By Industry
10.4.3. Japan
10.4.3.1. By Industry
10.4.4. South Korea
10.4.4.1. By Industry
10.4.5. ASEAN
10.4.5.1. By Industry
10.4.6. Oceania
10.4.6.1. By Industry
10.4.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. NVIDIA Corporation
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not Component/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. IBM Corporation
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not Component/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Microsoft Corporation
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not Component/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Alphabet, Inc.
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not Component/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Amazon.com, Inc.
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not Component/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. Intel Corporation
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not Component/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Synaptics Incorporated
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not Component/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. ADLINK Technology Inc.
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not Component/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Edge Impulse Inc.
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not Component/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. Viso.ai
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not Component/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments
12. Key Takeaways

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