What is the Edge AI Market Size?
According to ÂÌñÉç internal database and industry insights, the edge AI market was estimated at around USD 5.4 billion in 2024 and is projected to surpass USD 29.1 billion by 2031, growing at a CAGR of 27.6% during the forecast period.
his growth is primarily driven by the increasing adoption of intelligent edge devices, growing demand for real-time decision-making, and rising implementation of AI across IoT ecosystems.
Key Growth Factors of the Edge AI Market
- Rising deployment of AI-enabled edge devices in automotive and manufacturing
- Demand for ultra-low latency processing in smart cities and industrial automation
- Advancements in AI chipsets and edge computing infrastructure
- Surge in data generation from connected devices
- Proliferation of remote monitoring applications in healthcare and security
- Integration of edge AI into next-gen 5G and IoT networks
Edge AI Market Trends
The edge AI industry is anticipated to experience exponential growth owing to emerging trends like hybrid edge-cloud architectures, on-device federated learning, and energy-efficient AI models. Moreover, sectors like retail, automotive, and smart surveillance are likely to drive adoption as businesses move toward decentralized intelligence.
Major Companies in the Edge AI Industry
- Intel Corporation
- NVIDIA Corporation
- Qualcomm Technologies Inc.
- Arm Ltd.
- Google LLC
Edge ai market size : FAQs
Edge AI market is projected to surpass USD 29.1 billion by 2031, growing at a CAGR of 27.6%.
Edge AI is witnessing rapid uptake due to the need for processing data closer to the source, improving speed, reducing costs, and enhancing data privacy.
Breakthroughs such as neuromorphic computing, compact AI accelerators, and collaborative edge-cloud AI frameworks are reshaping the future landscape.
Market growth is hindered by limited edge processing capabilities, high development costs, and integration complexities across legacy systems.
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