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Edge Artificial Intelligence Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Edge Artificial Intelligence
The edge artificial intelligence market will grow from $24.48 billion in 2024 to $30.56 billion in 2025, at a CAGR of 24.8%. The growth is driven by the rise of IoT devices, increased demand for edge computing, surge in edge-based applications, the emergence of smart cities, and the need for real-time processing.
The edge artificial intelligence market is projected to reach $78.25 billion by 2029 at a CAGR of 26.5%, driven by rapid growth in healthcare, retail, and the complexity of AI workloads. Trends include AI security enhancements, federated learning, and chiplet integration.
What Factors Are Propelling the Expansion of the Edge Artificial Intelligence Market?
The expansion of 5G networks is also accelerating the growth of the edge artificial intelligence market. 5G provides faster and more reliable communication, enhancing the capabilities of Edge AI systems by improving the interaction between edge devices and the cloud. With more than 1 billion active 5G subscriptions in 2023 and expectations for 5 billion subscribers by 2028, the continued rollout of 5G networks is expected to further drive the growth of the Edge AI market.
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Which Businesses Are at the Forefront of Edge Artificial Intelligence Market Development?
Major companies operating in the edge artificial intelligence market report are Alphabet Inc., Google, Microsoft Corporation, Amazon Web Services, International Business Machines Corporation, NVIDIA Corporation, Baidu, Inc., Intel Corporation, Renesas Electronics Corporation, Nutanix, Inc., Synaptics Incorporated, ADTRAN, Inc., Cloudera, Inc., TIBCO Software Inc., DataRobot, Inc., Bragi GmbH, Tact.ai Technologies, Inc., Gorilla Technology Group, Azion Technologies, Veea Inc., FogHorn Systems, Inc., ClearBlade, Inc., Octonion SA, Anagog Ltd., Dori AI, Adapdix, SWIM.AI Inc., Avassa, Imagimob AB, XNOR.AI
How Is the Edge Artificial Intelligence Market Segmented?
The edge artificial intelligence market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Deployment Mode: On-Premise, Cloud-Based
3) By Data Sources: Mobile Data, Sensor Data, Biometric Data, Speech, Video And Image Recognition
4) By Application: Video Surveillance, Access Management, Autonomous Vehicles
5) By End-Use Industry: IT And Telecom, Automotive
Subsegments:
1) By Hardware: Edge Devices, Edge Servers, Specialized AI Chips
2) By Software: AI Algorithms, Edge AI Platforms, Application Software
3) By Services: Consulting Services, System Integration, Support And Maintenance Services
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Where Is the Edge Artificial Intelligence Market Growth Most Prominent?
North America was the largest region in the edge artificial intelligence market in 2024. The regions covered in the edge artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Edge Artificial Intelligence Global Market Report?
- Market Size Analysis: Analyze the Edge Artificial Intelligence Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Edge Artificial Intelligence Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Edge Artificial Intelligence Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Edge Artificial Intelligence Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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