Edge AI Market Industry Trends and Global Forecasts to 2035, with Profiles of Cisco, Edge Impulse, Gorilla Technology, Graphcore, NVIDIA, Qualcomm, Synaptics, Visio AI, Xilinx & more - ResearchAndMarkets.com

The "Edge AI Market Industry Trends and Global Forecasts to 2035: Distribution by Type of Component, Type of Device, Type of Data, Type of End User and Geographical Region" report has been added to ResearchAndMarkets.com's offering.

The global edge AI market size is estimated to grow from USD 24.05 billion in 2025, to USD 356.84 billion by 2035, at a CAGR of 27.7% during the forecast period, till 2035.

Edge AI Market Growth and Trends

The growing expansion of IoT devices has driven the demand for edge AI, as the combination of edge computing and artificial intelligence enhances computational abilities and brings processing closer to where IoT devices and sensors generate real-time insights. Enhanced privacy and security are crucial components of edge AI since it keeps sensitive data on the device, reduces the likelihood of data breaches, and safeguards privacy.

Furthermore, the ongoing rollout of the 5G network is expanding the capabilities of edge AI by enabling real-time data processing on edge devices, which is essential for applications such as remote surgeries, augmented reality, and self-driving vehicles. In addition, the increasing application of edge AI in real-time computer vision tasks, including facial recognition, object detection, and quality inspection in manufacturing, is projected to boost the growth of the edge AI market.

Overall, the significant adoption of edge AI across various industries, along with advancements in smart manufacturing and the rise of autonomous vehicles, are some of the primary factors that are likely to contribute in the overall growth of the edge AI market.

Edge AI Market: Key Segments

Market Share by Type of Component

Based on the type of component, the global edge AI market is segmented into hardware, software, and services. Currently, hardware component captures the majority share of the market. Edge chipsets, including graphic processing units, tensor processing units, field-programmable gate arrays, and application-specific integrated circuits possess significant processing power that manages the intensive computational tasks required by AI algorithms at the edge. As a result, these hardware components are essential for real-time data processing in IoT devices, thus aiding in the market's growth. However, software segment is anticipated to grow at a higher CAGR during the forecast period.

Market Share by Type of Device

Based on the type of device, the edge AI market is segmented into edge servers, edge gateways, and edge devices. Currently, edge devices like IoT devices, smartphones, and drones, captures the majority share of the market. Additionally, the growing use of AI-enabled IoT devices has driven demand within the market. The versatility and wide-ranging applications of edge devices, ranging from smart homes and wearable technology to smart transportation systems further fuels the growth in the market. However, edge servers segment is anticipated to grow at a higher CAGR during the forecast period.

Market Share by Type of Data

Based on the type of data, the edge AI market is segmented into structured data and unstructured data. Currently, the unstructured data segment captures the majority share of the market, this segment is anticipated to grow at a higher CAGR in the future. The diverse origins of unstructured data, such as images, videos, text, and sensor data, along with the increasing demand for real-time information, strengthen the segment's position in the market.

Market Share by Type of End-User

Based on the type of end-user, the edge AI market is segmented into automotive & transportation, energy & utilities, healthcare, manufacturing, retail, and others. Currently, the automotive and transportation industry captures the majority share of the market. This can be attributed to the increasing adoption of edge AI solutions in autonomous vehicles, which heavily depend on real-time data processing. As a result, the advantages of edge AI solutions in enhancing efficiency, improving safety, and reducing accidents and traffic congestion are believed to drive the growth of this segment. However, healthcare segment is anticipated to grow at a higher CAGR during the forecast period.

Market Share by Geographical Regions

Currently, North America captures the majority share of the market. This can be attributed to the factors such as the early adoption of advanced technologies and the presence of tech companies in the region. However, market in Asia is anticipated to grow at a higher CAGR during the forecast period.

Sample Players in the Edge AI Market, Profiled in the Report Include:

• Alphabet
• Amazon Web Service
• Apple
• Arm Holding
• Cisco
• Dell Technology
• Edge Impulse
• Google
• Gorilla Technology
• Graphcore
• Horizon Robotics
• Huawei Technologies
• IBM
• Imagination Technologies
• Intel
• Microsoft
• NVIDIA
• Oracle
• Qualcomm
• Samsung
• Siemens
• Synaptics
• Texas Instruments
• Viso AI
• Xilinx

Edge AI Market: Research Coverage

The report on the edge AI market features insights on various sections, including:

• Market Sizing and Opportunity Analysis: An in-depth analysis of the edge AI market, focusing on key market segments, including type of component, type of device, type of data, type of end use and geographical regions.
• Competitive Landscape: A comprehensive analysis of the companies engaged in the Edge AI market, based on several relevant parameters, such as year of establishment, company size, location of headquarters, ownership structure.
• Company Profiles: Elaborate profiles of prominent players engaged in the Edge AI market, providing details on location of headquarters, company size, company mission, company footprint, management team, contact details, financial information, operating business segments, edge AI portfolio, moat analysis, recent developments, and an informed future outlook.
• SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.

Key Questions Answered in this Report

• How many companies are currently engaged in edge AI market?
• Which are the leading companies in this market?
• What factors are likely to influence the evolution of this market?
• What is the current and future market size?
• What is the CAGR of this market?
• How is the current and future market opportunity likely to be distributed across key market segments?

Reasons to Buy this Report

• The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
• Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
• The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.

Additional Benefits

• Complimentary Excel Data Packs for all Analytical Modules in the Report
• 10% Free Content Customization
• Detailed Report Walkthrough Session with Research Team

For more information about this report visit https://www.researchandmarkets.com/r/14zzix

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