Edge AI Market Is Valued at USD 76.0 Billion by 2031 - Data Analysis by Experts at Transparency Market Research Inc.

The global edge AI market is experiencing significant growth and is projected to expand at a CAGR of 33.5% from 2023 to 2031, reaching a value of US$ 76.0 Bn by the end of 2031. The increasing demand for edge computing solutions and the widespread adoption of IoT devices are major factors driving this growth. Edge AI allows AI technologies to be deployed directly on edge devices, such as smartphones, sensors, and drones, enabling real-time data processing, reduced latency, and improved data privacy and security.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85491&utm_source=OpenPR_Mayur&utm_medium=OpenPR

One of the key drivers of the edge AI market is the integration of Industry 4.0 into the manufacturing sector. By combining IoT, AI, machine learning, robotics, and big data analytics, companies can digitize and automate manufacturing processes, leading to benefits such as predictive maintenance, quality control, and improved supply chain management.

The surge in adoption of IoT devices is also contributing to the growth of the edge AI market. As more organizations adopt IoT devices, the need for real-time data processing and analysis at the edge becomes crucial, driving the demand for edge AI solutions.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=85491<ype=S&utm_source=OpenPR_Mayur&utm_medium=OpenPR

Furthermore, the expansion of 5G networks is expected to boost the edge AI market. The reduced network latency and increased data transfer capabilities of 5G networks make edge computing and edge AI more viable and attractive for various applications.

The North American region is expected to lead the edge AI market due to the presence of key vendors and the implementation of edge AI solutions in various industries, such as manufacturing, oil & gas, and healthcare. However, the Asia Pacific region is projected to experience rapid growth, driven by the demand for automation and digitization in the manufacturing sector.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=85491&utm_source=OpenPR_Mayur&utm_medium=OpenPR

Key players in the edge AI market include NVIDIA Corporation, Intel Corporation, Qualcomm Technologies, Inc., Amazon.com Inc., Microsoft Corporation, and others. These companies are actively developing advanced edge AI solutions to cater to various industries and expand their market share.

Some notable developments in the edge AI market include Sidus Space, Inc. integrating edge AI capabilities into its satellite constellation to provide near-real-time intelligence to customers, Red Hat, Inc. collaborating with NVIDIA to deliver Radio Access Network (RAN) deployments, and Arteris, Inc. partnering with SiFive, Inc. to accelerate edge AI electronic product innovation.

Overall, the edge AI market is witnessing substantial growth and is expected to continue expanding in the coming years, driven by the increasing demand for real-time decision-making and the adoption of advanced technologies in various industries.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2022/07/08/2476656/0/en/Edge-Computing-Market-Bolsters-with-Rise-in-Demand-for-Connected-and-Autonomous-Vehicles-Says-TMR-Study.html

𝐑𝐞𝐭𝐚𝐢𝐥 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.einnews.com/pr_news/576051327/retail-analytics-market-to-advance-at-cagr-of-19-during-2019-2027-tmr-study

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
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