Edge AI Market Size, Share, Trends, Industry Analysis: Research Methodology from 2022 to 2032
The edge AI market is anticipated to expand at a CAGR of 20.8% during the forecast period. According to forecasts, the market is projected to be valued at US$ 39,618.3 Million by 2032, up from US$ 5,970.7 Million in 2022.
The growing demand for edge AI in end-use industries such as telecommunication, IT, electronics, and automobiles is increasing the market size during the forecast period. In addition, the growing workload and rising intelligence applications are accelerating the edge AI market size during the forecast period.
The adoption of edge AI is rising in the top organizations due to better work & efficiency. Moreover, the rising demand for edge AI is due to the increasing real-time processing of data and accuracy during the forecast period.
In addition, growing IoT and edge AI software devices are likely to increase the edge AI market share during the forecast period. On the other hand, rising 5G technology in the IT industry is boosting the market growth in recent years. Based on countries, the US market dominates the global market size by contributing a maximum share of 23.4% during the forecast period.
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