Global Artificial Intelligence (AI) Edge Computing Market Forecast 2024-2033: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The artificial intelligence (AI) edge computing market size has grown exponentially in recent years. It will grow from $16.73 billion in 2023 to $20.29 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to proliferation of IoT devices, advancements in edge computing technology, increasing demand for real-time data processing, growth of AI and machine learning applications, rising concerns over data privacy and security.
The artificial intelligence (AI) edge computing market size is expected to see rapid growth in the next few years. It will grow to $43.77 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to expansion of 5G networks, adoption of edge AI in autonomous vehicles, emergence of Industry 4.0 initiatives, integration of AI into edge devices, accelerated deployment of edge computing infrastructure. Major trends in the forecast period include edge AI market consolidation, rise of edge AI as a service (AIAAS), shift towards decentralized AI architectures, rise of hybrid edge-cloud computing models, increasing focus on edge AI sustainability and energy efficiency.
The rising use of artificial intelligence automation in industrial machinery is expected to fuel the growth of the AI edge computing market going forward. Artificial intelligence (AI) automation refers to using AI technologies to automate tasks and processes that traditionally require human intervention. AI edge computing helps artificial intelligence automation in industrial machinery by enabling real-time data processing and decision-making directly at the network’s edge, where the machinery operates.
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What Are The Key Trends That Influence Artificial Intelligence (AI) Edge Computing Market Share Analysis?
Major companies operating in the artificial intelligence (AI) edge computing market are developing innovative products such as NVIDIA Jetson AGX Orin for edge AI applications. The NVIDIA Jetson AGX Orin is a high-performance system-on-module (SoM) designed for edge AI applications.
Which Market Players Are Driving Growth In The Artificial Intelligence (AI) Edge Computing Market?
Major companies operating in the artificial intelligence (AI) edge computing market are Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Huawei Technologies Co. Ltd., Siemens AG, General Electric Company (GE), Intel Corporation, Accenture PLC, IBM Corporation, Cisco Systems Inc., Oracle Corporation, Honeywell International Inc., SAP SE, Fujitsu Limited, Hewlett Packard Enterprise (HPE), NVIDIA Corporation, NEC Corporation, Advanced Micro Devices Inc. (AMD), MediaTek Inc., Baidu Inc., Xilinx Inc., RIGADO LLC, Amazon Web Services (AWS)
How Is The Global Artificial Intelligence (AI) Edge Computing Market Segmented?
1) By Component: Hardware; Software; Services
2) By Application: Industrial Internet Of Things (IIoT); Remote Monitoring; Content Delivery; Video Analytics; Augmented Reality (AR) And Virtual Reality (VR); Other Applications
3) By Organization Size: Large Enterprises; Small And Medium Sized Enterprises
4) By Industry Vertical: Automotive; Healthcare; Chemicals; Oil And Gas; Manufacturing And robotics; Public Infrastructure; Transportation And Logistics; Other Industry Verticals
Read The Full Artificial Intelligence (AI) Edge Computing Market Report Here
The Artificial Intelligence (AI) Edge Computing Global Market Report 2024 provides an overview of the artificial intelligence (AI) edge computingmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The artificial intelligence (AI) edge computing market forecast analyzes artificial intelligence (AI) edge computing market size, artificial intelligence (AI) edge computing market share, leading competitor and their market positions.
The Table Of Content For The Artificial Intelligence (AI) Edge Computing Market Include
1. Artificial Intelligence (AI) Edge Computing Market Executive Summary
2. Artificial Intelligence (AI) Edge Computing Market Segments
3. Artificial Intelligence (AI) Edge Computing Market Size And Template Market Growth Rate
4. Key Artificial Intelligence (AI) Edge Computing Market Trends
5. Major Artificial Intelligence (AI) Edge Computing Market Drivers
……
25. Key Mergers And Acquisitions In The Artificial Intelligence (AI) Edge Computing Market
26. Top Artificial Intelligence (AI) Edge Computing Companies
27. Artificial Intelligence (AI) Edge Computing Market Opportunities And Strategies
28. Artificial Intelligence (AI) Edge Computing Market, Conclusions And Recommendations
29. Appendix
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