Who are the key vendors in the Global Edge Artificial Intelligence (AI) Market?

The competitive landscape in the Edge AI industry is defined by the existence of major competitors fighting for market supremacy. To strengthen their positions in the market, these businesses engage in a range of strategic interactions, such as collaborations, acquisitions, regional expansion, and product development. Among the top companies in the Edge AI industry are Qualcomm, NVIDIA, IBM, Microsoft, Intel, and Google. 'Hewlett Packard Enterprise (HPE) (US)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Siemens AG (Germany)', 'NEC Corporation (Japan)', 'Advanced Micro Devices, Inc. (AMD) (US)', 'Advanced Micro Devices, Inc. (AMD) (US)', 'Huawei Technologies Co., Ltd. (China)', 'NVIDIA Corporation (US)', 'Amazon Web Services (AWS) (US)', 'Baidu, Inc. (China)', 'Cisco Systems, Inc. (US)', 'Minima Global Ltd. (UK)', 'Accenture PLC (Ireland)', 'MediaTek Inc. (Taiwan)', 'Dell Technologies Inc. (US)', 'SAP SE (Germany)', 'Xilinx, Inc. (US)', 'Fujitsu Limited (Japan)'

What is the key driver of Global Edge Artificial Intelligence (AI) Market?

For self-driving cars to operate effectively, real-time data communication to the cloud is required. Advanced machine learning and artificial intelligence technologies help these autonomous driving systems make decisions, which satisfies this need. Connecting to the edge, autonomous cars increase productivity, lower accident rates, boost security, and ease traffic congestion.

What is the key market trend for Global Edge Artificial Intelligence (AI) Market?

Universal features and innovative products: The latest variants of smartwatches can perform a wide variety of functions including but not limited to the running mobile apps, Bluetooth connectivity options, advanced GPS tracking, mobile operating system, digital audio, video, fitness, and movement tracking thereby ensuring safety. Also, increasing health awareness among consumers both for themselves and their kids is a key driver for growing the demand for these smartwatches. Parents, in particular, are investing more in these smartwatches to monitor their child’s movement and enhance their safety. Thus, growing health awareness and a top priority for ensuring their kid’s safety, consumers are increasingly buying smartwatches thereby driving the growth of the kids smartwatch market during the forecast period.

Which region accounted for the largest share in Global Edge Artificial Intelligence (AI) Market?

Due in large part to the region's businesses, particularly those in the United States, placing a high priority on implementing cutting-edge technologies like artificial intelligence (AI), deep learning, and machine learning, North America accounted for the largest share of the market. The national implementation of artificial intelligence technology is the primary emphasis of the U.S. government. Due to the increasing demand for these solutions in the manufacturing, automotive, energy & utility, and other sectors in the United Kingdom, Germany, France, and Italy, Europe is anticipated to represent a significant portion of the market. Players in the market are allocating significant resources to research and development in order to concentrate on the creation of these solutions.

Edge Artificial Intelligence (AI) Market Size, Share, Growth Analysis, By Component(Hardware, Software, Network, Edge Cloud Infrastructure), By End Use Industry(Automotive, Manufacturing, Healthcare, Energy & Utility), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45A2309 | Region: Global | Published Date: June, 2024
Pages: 197 | Tables: 134 | Figures: 74

Edge Artificial Intelligence (AI) Market Competitive Landscape

Edge Artificial Intelligence (AI) Market Top Player’s Company Profiles

Samsung Electronics Co., Ltd. (South Korea)
Siemens AG (Germany)
NEC Corporation (Japan)
Advanced Micro Devices, Inc. (AMD) (US)
Huawei Technologies Co., Ltd. (China)
NVIDIA Corporation (US)
Amazon Web Services (AWS) (US)
Baidu, Inc. (China)
Cisco Systems, Inc. (US)
Minima Global Ltd. (UK)
Accenture PLC (Ireland)
MediaTek Inc. (Taiwan)
Dell Technologies Inc. (US)
SAP SE (Germany)
Xilinx, Inc. (US)
Fujitsu Limited (Japan)
Intel Corporation (US)
Qualcomm Inc. (US)
Renesas Electronics Corporation (Japan)

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What is the global market size of Edge Artificial Intelligence (AI) Market?

Global Edge Artificial Intelligence (AI) Market size was valued at USD 15.60 Billion in 2022 and is projected to grow from USD 20.55 Billion in 2023 to reach USD 185.95 Billion by 2031, growing at a CAGR of 31.7% in the forecast period (2024-2031).

Who are the key vendors in the Edge Artificial Intelligence (AI) Market?

Edge artificial intelligence (AI) companies are estimated to focus on capitalizing on the rising use of edge computing and artificial intelligence technologies. Device miniaturization and the development of custom edge AI solutions are also expected to offer new opportunities for edge artificial intelligence (AI) companies in the future. Advancements in connected devices and Internet of Things (IoT) technologies are also expected to play a vital role in future edge artificial intelligence (AI) market development. Collaborations will also be highly popular among edge artificial intelligence (AI) providers looking to make a mark in this landscape. 'Samsung Electronics Co., Ltd. (South Korea) ', 'Siemens AG (Germany) ', 'NEC Corporation (Japan) ', 'Advanced Micro Devices, Inc. (AMD) (US) ', 'Huawei Technologies Co., Ltd. (China) ', 'NVIDIA Corporation (US) ', 'Amazon Web Services (AWS) (US) ', 'Baidu, Inc. (China) ', 'Cisco Systems, Inc. (US) ', 'Minima Global Ltd. (UK) ', 'Accenture PLC (Ireland) ', 'MediaTek Inc. (Taiwan) ', 'Dell Technologies Inc. (US) ', 'SAP SE (Germany) ', 'Xilinx, Inc. (US) ', 'Fujitsu Limited (Japan) ', 'Intel Corporation (US) ', 'Qualcomm Inc. (US) ', 'Renesas Electronics Corporation (Japan)'

What is the key driver of Edge Artificial Intelligence (AI) Market?

Deployment of edge AI solutions helps in providing better data processing and even real-time data processing capabilities for multiple applications where immediate response is required. Automated cars and industrial automation are prime examples where edge AI finds robust applications.

What is the key market trend for Edge Artificial Intelligence (AI) Market?

Smart Cities: Investments in the development of smart cities are increasingly rapidly around the world. Launch of several new smart city programs and initiatives by governments will also create an opportune setting for edge artificial intelligence (AI) companies in the long run.

Which region accounted for the largest share in Edge Artificial Intelligence (AI) Market?

Supportive government initiatives to promote the adoption of artificial intelligence in almost all industry verticals are helping North America lead the global edge artificial intelligence (AI) market growth. The presence of key edge AI companies such as IBM, Nvidia, and Amazon is also expected to help the dominance of this region going forward. Rising availability of novel edge artificial intelligence (AI) solutions and high adoption of automation across multiple verticals will also help foster new opportunities in this region. Canada and the United States are anticipated to be the most opportune markets in this region.

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Edge Artificial Intelligence (AI) Market Size, Share, Growth Analysis, By Component(Hardware, Software, Network, Edge Cloud Infrastructure), By End Use Industry(Automotive, Manufacturing, Healthcare, Energy & Utility), By Region - Industry Forecast 2024-2031

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Edge Artificial Intelligence (AI) Market Size, Share, Growth Analysis, By Component(Hardware, Software, Network, Edge Cloud Infrastructure), By End Use Industry(Automotive, Manufacturing, Healthcare, Energy & Utility), By Region - Industry Forecast 2024-2031

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