Global Edge AI Software Market to Reach $5.4 Billion by 2030
The global market for Edge AI Software estimated at US$1.5 Billion in the year 2023, is expected to reach US$5.4 Billion by 2030, growing at a CAGR of 20.3% over the period 2023-2030. Edge AI Services, one of the segments analyzed in the report, is expected to record 21.5% CAGR and reach US$3.8 Billion by the end of the analysis period. Growth in the Edge AI Solutions segment is estimated at 17.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $458 Million, While China is Forecast to Grow at 19.3% CAGR
The Edge AI Software market in the U.S. is estimated at US$458 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$897.1 Million by the year 2030 trailing a CAGR of 19.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.8% and 17.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 15% CAGR.
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