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Edge Artificial Intelligence Market worth $11.31 billion by 2030, growing at a CAGR of 24.71% - Exclusive Report by 360iResearch
Edge Artificial Intelligence Market | 360iResearch
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Edge Artificial Intelligence (Edge AI) involves distributing AI computations and data processing from centralized data centers to local edge devices, which can include smart cameras, sensors, smartphones, and industrial machines. This approach enables real-time analytics, enhanced decision-making, and efficient bandwidth usage. Edge AI performs AI-related tasks directly on local devices, thereby minimizing latency, improving data privacy, and increasing operational speed and efficiency. Real-time processing is critical for applications such as autonomous driving, augmented reality, and real-time video analytics. By processing data locally, it reduces network data transmission loads, enhances the security of sensitive information, and provides greater reliability in areas with limited or inconsistent internet connectivity. Applications span multiple sectors, including retail-through smart shelves and inventory management; healthcare-comprising patient monitoring and diagnostic devices; manufacturing-encompassing predictive maintenance and quality control; transport-through autonomous vehicles and traffic management systems; and security-via surveillance systems and facial recognition. Key growth factors for the Edge AI market include advancements in AI technologies, the proliferation of Internet of Things (IoT) devices, 5G networks, regulatory emphasis on data privacy, and the commercialization of autonomous systems. Significant opportunities exist in healthcare innovations, smart cities, industrial automation, retail enhancements, and next-generation consumer devices. Recommendations for businesses include forming partnerships with technology companies, investing in research and development, ensuring regulatory compliance, and educating customers about Edge AI's benefits. However, challenges such as hardware constraints, data management complexities, security issues, integration challenges, and scalability must be addressed. Areas for innovation and research include low-power AI processing, distributed machine learning, advanced security techniques, optimizing AI models for edge computing, and heterogeneous computing. The Edge AI market is dynamic and evolving, driven by technological advancements and increasing demand across various sectors, although it faces hurdles related to technology integration and regulatory frameworks. Therefore, businesses must continuously innovate, form strategic partnerships, and navigate the evolving landscape to leverage the benefits of Edge AI.
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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 Application-Specific Integrated Circuit, Central Processing Unit, Field Programmable Gate Array, and Graphics Processing Unit.
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.
Based on Source, market is studied across Biometric Data, Mobile Data, Sensor Data, Speech Recognition, and Video & Image Recognition.
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.
Based on End-Use, market is studied across Automotive, Energy & Utilities, Government & Public Sector, Healthcare, Manufacturing, and Telecom.
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.
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 Aispire, Inc., Sony Group Corporation, NVIDIA Corporation, Synaptics Incorporated, MYWAI, Intent HQ Limited, Samsung Electronics Co., Ltd., Amazon Web Services Inc., Sidus Space, Inc., Microsoft Corporation, EdgeIQ, Inc., Huawei Technologies Co., Ltd., Tata Elxsi Limited, Advantech Co., Ltd., Saguna Consulting Services LLC, STMicroelectronics N.V., International Business Machines Corporation, Eta Compute Inc., viso.ai AG, VMware, Inc. by Broadcom Inc., BrainChip Holdings Ltd., Johnson Controls International PLC, ClearBlade, Inc., Oracle Corporation, ADLINK Technology Inc., Google LLC by Alphabet Inc., Lenovo Group Limited, Intel Corporation, Advanced Micro Devices, Inc., Siemens AG, Rockwell Automation, Inc., Gorilla Technology Group Inc., Tredence.Inc., Nutanix, Inc., ARBOR Technology Corp., Hewlett Packard Enterprise Company, D-Link Corporation, Qualcomm Technologies, Inc., Vapor IO, Inc., Cisco Systems, Inc., and TIBCO Software Inc. by Cloud Software Group, Inc..
Introducing 360iResearch AI: Revolutionizing Market Intelligence with AI-Powered Insights for the Edge Artificial Intelligence Market
We proudly unveil Research AI, a cutting-edge AI product designed to transform how businesses interact with the Edge Artificial Intelligence Market. Research AI stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, Research AI is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it's a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Edge Artificial Intelligence Market. Embrace the future of market analysis with Research AI, where informed decisions lead to remarkable growth.
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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 Application
10. Edge Artificial Intelligence Market, by End-Use
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
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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.
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