Edge AI Market Expected to Reach $586.3 Billion by 2031 with a 20.6% CAGR | ADLINK Technology Inc., Alphabet Inc., Amazon.com Inc., Gorilla Technology Group, Intel Corporation

The Edge AI Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Edge AI market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The 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.

Edge AI: Edge AI refers to the deployment of artificial intelligence algorithms and models directly on edge devices, such as smartphones, cameras, or IoT devices, rather than relying on centralized cloud computing. This approach enables real-time data processing, reduces latency, minimizes bandwidth usage, and enhances privacy by keeping sensitive data on the device. Edge AI is increasingly used in applications like autonomous vehicles, smart homes, and industrial automation, where quick decision-making is essential.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as:

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.

Key Developments:

❁ On February 1, 2024, Advantech introduced the MIC-715-OX ruggedized edge AI system, designed specifically for heavy industry applications. This durable system is housed in a rugged enclosure that effectively absorbs vibrations and mechanical shocks. With an IP67 rating, it provides protection against water and dust ingress. Its fanless design ensures efficient cooling in all weather conditions, preventing the intake of contaminated air into the system.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Edge AI market has been segmented:

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

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.

Regional Analysis for Edge AI Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**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**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, 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 global sales value, production value, consumption value, import and export of Edge AI market?

➠ Who are the global key manufacturers of the Edge AI Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Edge AI market opportunities and threats faced by the vendors in the global Edge AI Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Edge AI market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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