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Edge Artificial Intelligence Market Growth 2024: Edge Computing and AI Integration
Content Analytics, Discovery, and Cognitive Software
The Business Research Company presents an extensive market research report on the Edge Artificial Intelligence Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The edge artificial intelligence market size has grown exponentially in recent years. It will grow from $19.46 billion in 2023 to $24.48 billion in 2024 at a compound annual growth rate (CAGR) of 25.8%. The growth in the historic period can be attributed to rise of iot devices, increased demand for edge computing, surge in edge-based applications, rise of smart cities, demand for real-time processing.
The edge artificial intelligence market size is expected to see exponential growth in the next few years. It will grow to $61.63 billion in 2028 at a compound annual growth rate (CAGR) of 26.0%. The growth in the forecast period can be attributed to increasing edge ai in healthcare, rapid growth of edge ai in retail, regulatory support for edge computing, growing edge ai ecosystem, increasing complexity of ai workloads. Major trends in the forecast period include technology advancements, product innovations, edge ai security enhancements, chiplet integration, federated learning techniques.
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Key Market Players:
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
Market Drivers:
The expansion of 5G networks is driving the edge artificial intelligence market going forward. 5G, or fifth-generation, refers to the latest generation of mobile network technology designed to provide faster and more reliable communication for mobile devices, as well as enable new applications and services. The deployment of 5G networks significantly enhances the capabilities and benefits of Edge Artificial Intelligence (Edge AI) by providing faster and more reliable communication between edge devices and the cloud. For instance, in February 2023, according to T-Mobile International AG, a Germany-based mobile telecommunications company, there were more than 1 billion active 5G subscriptions in 2023, and 5 billion individuals are expected to have 5G subscriptions by the end of 2028. Therefore, the expansion of 5G networks is driving the market for edge artificial intelligence market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/edge-artificial-intelligence-global-market-report
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
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