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Edge AI Platforms Market Size 2024 to 2031.

04-10-2024 12:01 AM CET | Politics, Law & Society

Press release from: Report Prime

Market Overview and Report Coverage

Edge AI Platforms refer to artificial intelligence systems that are deployed on edge devices, such as IoT devices or edge servers, rather than in a centralized cloud environment. This allows for real-time processing of data and faster decision-making at the edge of the network.
The future outlook of the Edge AI Platforms Market is promising, with a projected growth rate of 7.10% during the forecasted period. The increasing adoption of IoT devices and the need for real-time data processing are driving the demand for edge AI platforms. These platforms enable organizations to leverage AI capabilities at the edge of the network, improving efficiency, security, and cost-effectiveness of their operations.
Current trends in the Edge AI Platforms Market include the integration of machine learning models, computer vision, and natural language processing capabilities into edge devices. This enables devices to analyze and respond to data locally, without requiring constant connectivity to a cloud server. As more industries and applications adopt IoT devices and edge computing, the demand for edge AI platforms is expected to continue growing in the coming years.

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Market Segmentation
The Edge AI Platforms Market Analysis by types is segmented into:
• Fanless Embedded Edge AI Platforms
• Industrial Edge AI Platforms

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Fanless Embedded Edge AI Platforms are compact and energy-efficient devices that enable AI processing at the edge without the need for active cooling. These platforms are commonly used in applications such as smart cameras, drones, and IoT devices. On the other hand, Industrial Edge AI Platforms are designed for use in industrial settings where ruggedness, reliability, and performance are key. These platforms often include features such as real-time data processing, predictive maintenance, and advanced analytics for optimizing industrial operations.

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The Edge AI Platforms Market Industry Research by Application is segmented into:
• Business
• Industry
• Others

Edge AI Platforms are being increasingly utilized by businesses across various industries to improve efficiency, productivity, and decision-making processes. In the business sector, these platforms are being employed for real-time data analysis, predictive maintenance, and personalized customer experiences. In industries such as manufacturing, healthcare, and transportation, Edge AI Platforms are playing a crucial role in enhancing operational performance, ensuring safety, and reducing downtime. Moreover, other markets such as retail, finance, and agriculture are also adopting these platforms to drive innovation and stay competitive in today's digital landscape.

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In terms of Region, the Edge AI Platforms Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Edge AI Platforms market?
The global edge AI platforms market is experiencing several emerging trends, including the increasing demand for real-time data processing and analysis at the network edge. This trend is driven by the growing adoption of Internet of Things (IoT) devices and autonomous systems that require low latency and high performance computing capabilities. Another key trend is the integration of machine learning and AI algorithms into edge devices to enable more intelligent decision-making and automation. Additionally, there is a rise in the development of edge AI platforms that offer simplified deployment and management of AI models across distributed edge environments.

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Major Market Players
Advantech is a leading provider of intelligent systems and platform solutions. The company was founded in 1983 and has since grown to become one of the top players in the AI platforms market. Advantech's product offerings range from industrial automation and digital signage to healthcare and environmental monitoring solutions. The company has a strong global presence with offices in over 20 countries and a vast network of partners.
Advantech's market growth can be attributed to its focus on innovation and commitment to delivering high-quality products. The company invests heavily in research and development to stay ahead of the competition and meet the evolving needs of its customers. As a result, Advantech has seen significant growth in recent years, with its market size expanding rapidly.
In terms of sales revenue, Advantech reported a revenue of $1.85 billion in 2020, reflecting its strong performance in the AI platforms market. The company's steady revenue growth is a testament to its market leadership and customer satisfaction.
Another key player in the AI platforms market is Siemens Global, a multinational conglomerate with a diverse portfolio of products and services. Siemens has a long history dating back to 1847 and has established itself as a leader in industrial automation, energy management, and healthcare solutions. The company's AI platforms are widely used in various industries, including manufacturing, transportation, and healthcare.
Siemens Global's market growth has been driven by its digital transformation initiatives and focus on sustainability. The company has been investing in AI and IoT technologies to enhance its product offerings and bring value to its customers. With a strong presence in key markets around the world, Siemens Global continues to expand its market size and solidify its position as a top player in the AI platforms market.
In terms of sales revenue, Siemens Global reported a revenue of $91.11 billion in 2020, highlighting its financial strength and stability in the market. The company's strong performance and strategic investments have contributed to its success in the AI platforms market.

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Email: sales@reportprime.com

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