Press release
Edge Artificial Intelligence Market worth $4.98 billion by 2030, growing at a CAGR of 24.71% - Exclusive Report by 360iResearch
Edge Artificial Intelligence Market | 360iResearch
The Global Edge Artificial Intelligence Market to grow from USD 1.06 billion in 2023 to USD 4.98 billion by 2030, at a CAGR of 24.71%.
Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/edge-artificial-intelligence?utm_source=openpr&utm_medium=referral&utm_campaign=sample
Edge artificial intelligence (AI) refers to a system where AI algorithms are processed locally on a hardware device. The device undertakes data processing and decision-making in real time without relying on the cloud or centralized data centers. This decentralized approach is achievable through the integration of advanced AI and machine learning capabilities directly into edge devices, such as smartphones, IoT (Internet of Things) devices, and autonomous vehicles. Increased demand for low-latency processing and real-time decision-making capabilities in various industries are driving the development and adoption of edge AI technology. The proliferation of IoT devices and the need to process vast amounts of data at the source without overloading network bandwidth further increases the demand for these innovative solutions, thus expanding the scope of the edge artificial intelligence market. However, concerns over data security and privacy, alongside the complexity of deploying and maintaining AI models on edge devices, present challenges for the market. Despite the challenges, the surge in intelligent applications across healthcare, automotive, and manufacturing sectors presents significant opportunities for edge AI. Advancements in semiconductor technologies and increased investments in AI research can lead to more powerful and efficient edge AI solutions.
The market for edge artificial intelligence (AI) in the Americas is experiencing robust growth, driven by the robust adoption of cloud-based technologies and the increasing prevalence of IoT devices. North America, in particular, is a hub for technological innovation, with well-established players expanding their offerings in edge AI solutions. In the EMEA region, the edge AI market is marked by a dynamic and diverse landscape. Europe's strict privacy regulations, such as the General Data Protection Regulation (GDPR), are catalyzing the shift toward local data processing, thus fueling the growth of edge AI technologies. The Middle East is leveraging AI at the edge for smart city initiatives and to enhance oil and gas operations. Meanwhile, investments in Africa are growing, particularly in areas including agritech and healthcare, where edge AI can greatly improve efficiency and accessibility. The APAC region demonstrates significant potential and is expected to witness the highest growth rate in the edge AI market, owing to the increasing penetration of AI technologies and government support in China, South Korea, and Japan. APAC's large manufacturing base is actively incorporating AI edge computing for real-time process optimization. Furthermore, the region's burgeoning consumer electronics sector provides a fertile ground for embedding edge AI into consumer devices.
Market Segmentation & Coverage:
This research report categorizes the Edge Artificial Intelligence Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Processor, market is studied across ASIC, CPU, and GPU. The CPU commanded largest market share of 52.94% in 2023, followed by ASIC.
Based on Component, market is studied across Services and Solution. The Services is further studied across Support & Maintenance, System Integration & Testing, and Training & Consulting. The Solution is further studied across Platform and Software Tools. The Solution commanded largest market share of 52.93% in 2023, followed by Services.
Based on Source, market is studied across Biometric Data, Mobile Data, Sensor Data, Speech Recognition, and Video & Image Recognition. The Mobile Data commanded largest market share of 28.79% in 2023, followed by Sensor Data.
Based on End-Use, market is studied across Automotive, Energy and Utilities, Government & Public Sector, Healthcare, Manufacturing, and Telecom. The Telecom commanded largest market share of 30.72% in 2023, followed by Government & Public Sector.
Based on Application, market is studied across Access Management, Autonomous Vehicles, Energy Management, Precision Agriculture, Remote Monitoring & Predictive Maintenance, Smart Wearables, Telemetry, and Video Surveillance. The Video Surveillance commanded largest market share of 24.96% in 2023, followed by Remote Monitoring & Predictive Maintenance.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.81% in 2023, followed by Europe, Middle East & Africa.
Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/edge-artificial-intelligence?utm_source=openpr&utm_medium=referral&utm_campaign=inquire
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Edge Artificial Intelligence Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Edge Artificial Intelligence Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Edge Artificial Intelligence Market, highlighting leading vendors and their innovative profiles. These include Adlink Technology, Inc., Amazon Web Services Inc., Anagog Ltd., BrainChip Holdings Ltd., Cato Networks, Ltd., ClearBlade, Inc., Cloudera, Inc., Edge Intelligence Software, Inc. by Adapdix, Inc., EdgeConneX, EdgeIQ, Eta Compute Inc., Google LLC by Alphabet Inc., Gorilla Technology Inc., Hewlett Packard Enterprise Company, Intel Corporation, International Business Machines Corporation, Johnson Controls International PLC, Lenovo Group Ltd., Microsoft Corporation, Nutanix, Inc., Octonion SA, Saguna Consulting Services LLC, Synaptics Incorporated, Tata Elxsi Limited, TIBCO Software Inc. by Cloud Software Group, Inc., Valores Corporativos Softtek, S.A. de C.V., and Vapor IO.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Edge Artificial Intelligence Market, by Processor
7. Edge Artificial Intelligence Market, by Component
8. Edge Artificial Intelligence Market, by Source
9. Edge Artificial Intelligence Market, by End-Use
10. Edge Artificial Intelligence Market, by Application
11. Americas Edge Artificial Intelligence Market
12. Asia-Pacific Edge Artificial Intelligence Market
13. Europe, Middle East & Africa Edge Artificial Intelligence Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Edge Artificial Intelligence Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Edge Artificial Intelligence Market?
3. What is the competitive strategic window for opportunities in the Edge Artificial Intelligence Market?
4. What are the technology trends and regulatory frameworks in the Edge Artificial Intelligence Market?
5. What is the market share of the leading vendors in the Edge Artificial Intelligence Market?
6. What modes and strategic moves are considered suitable for entering the Edge Artificial Intelligence Market?
Read More @ https://www.360iresearch.com/library/intelligence/edge-artificial-intelligence?utm_source=openpr&utm_medium=referral&utm_campaign=analyst
Contact 360iResearch
Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550
About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Edge Artificial Intelligence Market worth $4.98 billion by 2030, growing at a CAGR of 24.71% - Exclusive Report by 360iResearch here
News-ID: 3411953 • Views: …
More Releases from 360iResearch
Rising Incidence of Human Metapneumovirus in Vulnerable Populations Boosts Globa …
In recent years, the silent ascent of human metapneumovirus (HMPV) infections has begun to capture significant attention within the realm of infectious diseases. As we advance in medical science, unraveling complexities of age-old pathogens like common influenza or emerging illnesses like COVID-19, a critical discourse has been emerging around HMPV. Particularly, there seems to be a burgeoning acknowledgment of its growing impact on vulnerable global populations, propelling an increased demand…
The Meat Alternatives Market size was estimated at USD 9.39 billion in 2023 and …
From Appetite to Advocacy: The Rising Demand for Meat Alternatives
In recent years, the global food industry has been undergoing a remarkable transformation, driven primarily by an increasing consumer demand for healthier, sustainable, and ethically sourced food products. This seismic shift has brought traditional meat alternatives and high-protein plant-based foods into the spotlight. As the world becomes more conscious of the implications of meat consumption on health and the environment, the…
The Mobility-as-a-Service Market size was estimated at USD 264.80 billion in 202 …
Unpacking the Surge in Investments and Collaborations to Bolster Mobility-as-a-Service
In recent years, as urban landscapes continually evolve, a transformative shift known as Mobility-as-a-Service (MaaS) has reshaped the way we perceive transportation. Marked by the integration of various forms of transport services into a single accessible on-demand mobility solution, MaaS is rapidly gaining traction across global cities. As an emerging paradigm, it's not just shaping the future of travel but also…
The Data Center Services Market size was estimated at USD 56.65 billion in 2023 …
Smart City Revolutions: Why Data Center Colocation is the Future Backbone
In the era of digital transformation, urban landscapes across the globe are undergoing a seismic shift toward becoming "smart cities." The concept of a smart city revolves around using digital technology, IoT (Internet of Things), AI, and data analytics at an unprecedented scale to improve urban infrastructure, manage resources efficiently, and enhance the quality of life for citizens. A vital…
More Releases for Edge
Edge Computing Market Empowering Real-Time Processing at the Network's Edge
Over the past few years, the global Edge Computing Market has undergone a transformative evolution, driven by shifting consumer preferences, groundbreaking technological innovations, and an increasing focus on sustainability. This dynamic landscape reflects not just growth but a redefinition of market priorities, making it an exciting arena for stakeholders. The latest research report delves deep into these trends, offering forward-looking insights into growth drivers and challenges. With a strategic…
Edge Analytics Market: "Edge Analytics Market to Hit $79.5B by 2031"
Edge Analytics Market Scope:
Key Insights : Edge Analytics Market size was valued at USD 11.6 Billion in 2022 and is poised to grow from USD 14.76 Billion in 2023 to USD 79.50 Billion by 2031, growing at a CAGR of 27.2% in the forecast period (2024-2031).
Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/edge-analytics-market
In-Depth Exploration of the global Edge Analytics Market: This report offers a thorough…
Edge Artificial Intelligence Market Growth 2024: Edge Computing and AI Integrati …
The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.
The Business Research Company presents an extensive market research report on the Edge Artificial Intelligence Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and…
Edge Machine Learning (Edge ML) Market to Witness Huge Growth by 2029 | Microsof …
The Edge Machine Learning (Edge ML) research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Edge Machine Learning (Edge ML) research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving…
Edge as a Service (EaaS) Market May See a Big Move | Edge Micro, Trilogy, Hivelo …
The Latest Released Edge as a Service (EaaS) market study has evaluated the future growth potential of Edge as a Service (EaaS) market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging…
Immediate Edge Reviews: immediate edge uk scam or legit?
Visit official website >> https://bit.ly/3ogMMSg
Crypto is a virtual currency that typically uses decentralized control. Each cryptocurrency work through technology like blockchain that serves as a public financial transaction database. Bitcoin as the most popular cryptocurrency is an open-source digital currency initiated in 2009, that uses P2P networking for trading. Recently, it has gained massive popularity as it has been increasing rapidly. It was worth $100 in 2013, and in 2021,…
