Edge AI Market: Global Analysis, Opportunities And Forecast To 2032

 

As per a recent research report, Global Edge AI Market share is likely to surpass USD 70 billion valuation by 2032.

Global Edge AI Market size is predicted to expand considerably throughout the forecast period 2023 to 2032 due to the rising consumer inclination towards smart homes.

Integration of edge AI supports monitoring of temperature, gas density, humidity, and home security. Increased customer expectations and a rise in the availability of such advanced gadgets are predicted to boost the market share for edge AI. Furthermore, the growing demand for consistent data access and low latency across industries is fueling the need for powerful edge AI infrastructure. Using edge AI technologies, businesses can achieve significant cost and performance savings.

Request for Sample Copy report @  https://www.gminsights.com/request-sample/detail/5390

In April 2021, multinational technology company, Intel, introduced third-generation Xeon scalable CPU which allows for the implementation of a flexible and scalable infrastructure. It can enhance workloads related to 5G, AI, and other high-performance computing, network security, and clouds.

Moreover, the increased acceptance of remote working since the COVID-19 outbreak is another factor influencing the industry's growth. Edge AI enables businesses to securely grant access of internal resources to their distant workers. Additionally, it lowers the price and maintenance expenses related to physical network infrastructure.

The edge AI industry is bifurcated as per component, end-user, application, and region.

Based on component, the services segment of the edge AI market is anticipated to grow at a rapid pace during the forecast period resulting from the global development of edge-based technology. Further, the subdivisions comprising training and consulting, system integration and testing, and support and maintenance make up the service market segment.

Due to the rising demand for dependable and low-latency data access throughout all companies, the system integration and testing segment will continue to expand. Furthermore, the expansion of the support and maintenance segment is attributed to its capacity to help organizations give speedy remote assistance for reducing network outages which will boost the overall market share.

Request for customization this report @  https://www.gminsights.com/roc/5390

In terms of end user, the government segment is anticipated to exceed USD 3 billion by 2032 owing to the increasing adoption of edge AI helping government offices to consolidate and centralize their IT resources to enable users to access the system anytime from anywhere. The growing digitization and need for robust wireless connectivity across government agencies are fueling market growth. For instance, MEA governments are digitalizing all of their departments and services, improving their infrastructure, and providing new services like e-applications that speed up administrative processes.

Depending on application the edge AI market the segmented as video surveillance, remote monitoring, predictive maintenance, and other segments. The adoption of telemetry in the healthcare industry is covered in the other category. This technology aids in the automatic detection of abnormalities in the operation of telemedicine devices. Telemetry in medical equipment also helps with patient management, diagnosis, and treatment from a distance. Such a wide range of edge AI applications will promote industry growth.

Regionally, the Middle East edge AI market was valued at over USD 500 million in 2022 as several telecom operators are increasingly emphasizing on trials and deployment of 5G across the region accelerating revenue growth. Soaring demand for edge computing and data centers owing to the development of smart cities in Saudi Arabia and the UAE has led to massive investments in the IT sector, especially in GCC countries like Saudi Arabia, the UAE, and Qatar will push the market growth further.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com 

 

Comments

Post a Comment

Popular posts from this blog

Self Service Kiosk Market 2024-2032; Growth Forecast & Industry Share Report

  Self service kiosk market size is projected to expand at 5.5% CAGR from 2023 to 2032. The increasing consumer preference for contactless and efficient services coupled with the rising technological advancements are driving the adoption of self-service kiosks across various industries. Lately, the hospitality, retail, and healthcare sectors are extensively adopting self service kiosks for improved customer experience and operational efficiency. For instance, in May 2023, Samsung Electronics Co., Ltd. globally released KMC-W, a Windows version update of the Samsung Kiosk. The surging emphasis on social distancing and hygiene practices, accelerated by the pandemic has further boosted the demand for touchless self-service solutions. Additionally, cost savings for businesses, and reduced wait times is reinforcing the ability of self-service kiosks to enhance order accuracy. The rising technological innovations for improving kiosk functionalities will also drive the market growth. ...
Read more

LiDAR in Mapping Market Share, Trend & Growth Forecast to 2032

  As per a recent research report, LiDAR in Mapping Market to surpass USD 15 Bn by 2032 . The global LiDAR in mapping market is expected to expand exceptionally through 2032 owing to the rising popularity of service providers across end-user organizations because of the lack of skilled experts and budgetary restrictions. Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/4461   Expanding population, growing trend of urbanization, and climate change are potentially driving the market dynamics. The LiDAR in mapping market is highly competitive attributed to low product differentiation as well as competitive pricing. Leading market competitors are making significant R&D investments to create cutting-edge hardware and software that will provide accurate and thorough data points. For instance, in February 2022, FARO Technologies, Inc. introduced an upgrade to the FARO Focus Swift Mobile Scanner. Users can now take 10-20 second co...
Read more

Cloud Native Application Protection Platform Market Trends, Analysis & Forecast, 2032

  As per a recent research report, Cloud Native Application Protection Platform Market to surpass USD 30 Bn by 2032 . Global Cloud Native Application Protection Platform Market is expected to grow considerably through 2032 owing to the burgeoning number of companies seeking integration of CNAPP into their organizational security strategy. Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/5440 Cloud-native application protection platform incorporates artificial intelligence into cloud-based solutions, enabling businesses to handle massive volumes of data and make choices in real-time. This results in more accurate predictions, quicker innovation for transformational change, and cost-effective scalability. To equip its customers with better protection, the top CNAPP providers are focusing on strategic alliances and product development with cyber security companies. For instance, in January 2023, Lookout Inc. announced updates to the L...
Read more