Future of Edge AI Market: Smart Devices & Real-Time Processing To Reach US$ 73.8Bn By 2031 | Most Leading Companies - ADLINK Technology Inc., Alphabet Inc., Amazon.com, Inc., Gorilla Technology Group

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 Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Market opportunities and Growth Drivers

✦ Growing IoT Adoption

✦ Surge in Autonomous Vehicles & Robotics

✦ Rising Data Privacy & Security Issues

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.

Industry Development:

On January 10, 2024, Ambarella, Inc. introduced the Cooper Developer Platform-an advanced solution that seamlessly combines software, hardware, finely optimized AI models, and services. Cooper is designed to fully support Ambarella's entire lineup of AI systems-on-chip (SoCs), streamlining development and deployment.

On February 1, 2024, Advantech unveiled the MIC-715-OX, a rugged edge AI system tailored for heavy industrial use. Designed to withstand harsh environments, the system features durable housing that resists vibration and mechanical shock. Boasting an IP67 rating, it is fully protected against dust and water, while its fanless design enables efficient cooling without drawing in contaminated external air, ensuring reliable performance in all weather conditions.

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.

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Segment Covered in the Edge AI Market:

By Component: Hardware, Software, Edge Cloud Infrastructure, Service

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 Analysis for Edge AI Market:

The regional analysis of the Edge AI Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Edge AI market?

➠ Who are the leading manufacturers in the global Edge AI industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Edge AI industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Edge AI market?

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

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