Edge AI System Market was valued at USD 1.13 Billion in 2022 and is projected to reach USD 3.62 Billion by 2030, growing at a CAGR of 15.7% from 2024 to 2030.
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he Edge AI System Market has experienced significant growth from 2018 to 2022, driven by advancements in artificial intelligence (AI) and edge computing technologies.n 2022, the global edge AI market was valued at approximately USD 14.79 billion and is projected to expand at a compound annual growth rate (CAGR) of 21.0% from 2023 to 2030.citeturn0search0
ooking ahead, the demand for Edge AI systems is expected to surge from 2023 to 2033.he market is anticipated to reach around USD 118.19 billion by 2033, growing at a CAGR of 21.04% during this period.citeturn0search1
his growth is attributed to several factors:
Integration of AI and IoT: he convergence of AI with the Internet of Things (IoT) enables devices to process data locally, reducing latency and bandwidth usage.
Advancements in Edge Computing: mprovements in edge computing infrastructure allow for more efficient data processing at the source, enhancing real-time decision-making capabilities.
Industry Adoption: ectors such as healthcare, automotive, and manufacturing are increasingly adopting Edge AI systems to improve operational efficiency and enable autonomous operations.
n the healthcare sector, Edge AI facilitates real-time patient monitoring and personalized treatment plans.n automotive applications, it supports autonomous driving features by processing sensor data on the vehicle itself.anufacturing industries leverage Edge AI for predictive maintenance and quality control, leading to reduced downtime and increased productivity.
he Edge AI System Market is poised for substantial growth, with projections indicating a market size of approximately USD 163 billion by 2033, up from USD 19 billion in 2023, reflecting a CAGR of 24.1% during the forecast period.citeturn0search5
his upward trajectory underscores the escalating demand for localized AI processing across various industries, driven by the need for real-time data analysis and decision-making capabilities.
MicroAI
NVIDIA
viso.ai
Advian
Xailient
Axiomtek
Texas Instruments
Cameralyze
Advantech
SINTRONES
Stereolabs
Aetina
Xilinx
Neousys Technology
VIA TECHNOLOGIES
Palantir
DIREC
Intel
AAEON Technology
iWave Systems
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Edge AI System Market
Manufacturing
Energy (Oil and Gas)
Industrial IoT
Autonomous Vehicles
Healthcare (Patient Monitoring)
Smart Homes
Based on Types the Market is categorized into Below types that held the largest Edge AI System market share In 2023.
Software
Hardware
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Edge AI System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Edge AI System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Edge AI System Market, By Type
6. Global Edge AI System Market, By Application
7. Global Edge AI System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Edge AI System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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