The Edge AI Market Demand Will Reach a Value of USD 62.93 Billion by the Year 2030, At a CAGR of 20.1%


Posted July 15, 2024 by Rutuja123

The concept of Edge AI, which represents the implementation of AI algorithms and models on local devices as opposed to relying on cloud-based processing, has garnered considerable momentum in the marketplace.

 
The Edge AI market size was valued at USD 17.46 Billion in 2023 and the total Edge AI revenue is expected to grow at a CAGR of 20.1% from 2024 to 2030, reaching nearly USD 62.93 Billion by 2030.

The Edge AI market Overviews

Maximize Market Research, a leading research organization, has recently published a comprehensive analysis of the " The Edge AI market." This in-depth report explores market demand, value, business forecasts, and the competitive landscape, providing a well-formulated business strategy.

The Edge AI market Scope and Methodology:

The The Edge AI market Report provides a thorough evaluation of the industry, focusing on its various segments. Employing a robust research methodology, the report combines primary data from original studies and expert interviews with secondary data from reputable databases and statistical analyses. It assesses market size and regional trends, offering critical insights into the factors impacting the The Edge AI market. The report details the different types of marine electronics, their applications across various industries, end-users, and regional market patterns.

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The Edge AI market Regional Insights

The regional analysis revealed that the leading region in the The Edge AI market, which secured the highest market share in 2023, is anticipated to sustain its dominant position during the forecast period. This region's growth is poised to impact the global market share substantially. The analysis includes a comprehensive examination of North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

The Edge AI market Segmentation

By Component

Hardware
Software
Edge Cloud Infrastructure Services


By Application

Video Surveillance
Access Management
Autonomous Vehicles
Energy Management
Others


By Device type

Smartphones
Cameras
Robots
Wearables
Smart speakers
Surveillance Cameras
Edge Servers
Smart Mirrors
Others


By Industry

Automotive
Manufacturing
Healthcare
Energy and Utility
Consumer Goods
IT & Telecom
Others (Retail)

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The Edge AI 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:
1. IBM Corporation (United States, but major presence in Europe)
2. Accenture PLC (Ireland)
3. Siemens AG (Germany)
4. SAP SE (Germany)

Asia Pacific:
1. Huawei Technologies Co., Ltd. (China)
2. Samsung Electronics Co., Ltd. (South Korea)
3. MediaTek Inc. (Taiwan)
4. Baidu, Inc. (China)
5. Fujitsu Limited (Japan)
6. NEC Corporation (Japan)

Key questions answered in the The Edge AI market are:

What is The Edge AI market?
What was the The Edge AI market size in 2023?
What is the growth rate of the The Edge AI market?
Which are the factors expected to drive the The Edge AI market growth?
What are the different segments of the The Edge AI market?
What growth strategies are the players considering to increase their presence in The Edge AI market?
What are the upcoming industry applications and trends for the The Edge AI market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the The Edge AI market?
Who are the leading companies and what are their portfolios in The Edge AI market?
What segments are covered in the The Edge AI market?
Who are the key players in the The Edge AI market?
Click here for additional details

Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment
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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Last Updated July 15, 2024