Edge AI Market: Anticipated Positive Growth Trends Through 2024-2031 | ADLINK Technology Inc., Alphabet Inc., Amazon.com, Inc.

The Edge AI Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Edge AI market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Edge AI Market reached US$ 16.8 Billion in 2023 and is expected to reach US$ 73.8 Billion by 2031, growing with a CAGR of 20.6% during the forecast period 2024-2031.

The Edge AI market focuses on the integration of artificial intelligence (AI) algorithms into edge devices, enabling data processing and decision-making at the source rather than relying on centralized cloud systems. This market includes AI-powered applications in industries such as automotive, healthcare, manufacturing, and smart cities. The market is driven by the growing demand for real-time processing, reduced latency, enhanced data privacy, and the increasing adoption of IoT devices across various sectors.

Key Developments:

On February 1, 2024, Advantech launched the MIC-715-OX ruggedized edge AI system, specifically designed for heavy industry applications. This system is housed in a ruggedized enclosure that mitigates vibrations and mechanical shocks, offering superior durability for harsh environments. With an IP67 rating, it is highly resistant to water and dust ingress. Additionally, its fanless design ensures optimal cooling, even in extreme weather conditions, and prevents the intake of contaminated air, making it ideal for demanding industrial settings.

On October 10, 2023, Macrometa introduced PhotonIQ, a new AI service designed for edge computing. PhotonIQ leverages Macrometa's Global Data Network (GDN), which spans across two billion individuals and 10 billion devices globally. By utilizing the latest advancements in Artificial Intelligence and Machine Learning, PhotonIQ aims to provide high-performance data and computational capabilities at the edge, enhancing real-time decision-making across various industries.

List of the Key Players in the Edge AI Market:

ADLINK Technology Inc., Alphabet Inc., Amazon.com, Inc., Gorilla Technology Group, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Nutanix, Inc. Synaptics Incorporated and Viso.ai

Research Process:

Both primary and secondary data sources have been used in the global Edge AI Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Edge AI Market:

By Component: Hardware, Software, Edge Cloud Infrastructure, Services.

By Technology: Machine Learning (Deep Learning, Machine Learning Models), Computer Vision, Natural Language Processing, Predictive Analytics.

By End-User: Consumer Electronics, Manufacturing, Automotive, Government, Healthcare, Energy, Healthcare, Others.

Regional Breakout:

The global Edge AI Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Edge AI Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Edge AI Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains chapter wise data, as well as information about the research scope, major manufacturers covered, market segments, Edge AI market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Edge AI Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Edge AI market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Edge AI Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently Asked Questions

✹ What is the expected growth rate of the global market for the forecast period?

✹ What are the key driving factors that are responsible to shape the fate of the Edge AI market during the forecast period?

✹ What will be the overall size of the market during the analysis period?

✹ What are the prominent market trends which influence the development of the Edge AI market across various regions?

✹ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

✹ What are the challenges and threats that are likely to act as a barrier to the growth of the Edge AI market?

✹ What are the major opportunities that the companies can get to attain success in the world?

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