Edge AI software market projected to reach USD 13.67 billion by 2032 with rapid growth.

From GlobeNewswire: 2024-12-19 09:00:00

The Edge AI Software Market was valued at USD 1.33 Billion in 2023, projected to reach USD 13.67 Billion by 2032 with a CAGR of 29.58%. Industries like healthcare and telecommunications are leveraging Edge AI for real-time data processing, enabling transformative applications such as remote patient monitoring and stroke diagnosis technology deployment.

AI-driven tools in marketing and telecommunications enhance productivity and customer engagement, shaping the future of industry and technology. Major players in the Edge AI market include NVIDIA, Intel, Qualcomm, Google, Microsoft, Amazon Web Services, and more, offering advanced AI solutions and platforms for various industries.

Solutions lead the Edge AI market, capturing over 79% share in 2023, while services are projected to drive future growth. Video and image recognition dominate, with audio data as the fastest-growing segment. North America currently leads the market, with Asia-Pacific showing the fastest growth, driven by rapid AI integration and tech investments. The Edge AI Software Market is experiencing significant growth, driven by high demand from industries like automotive and healthcare. Companies like Tesla and GE Healthcare are utilizing edge AI for autonomous vehicles and predictive diagnostics. The Asia-Pacific region is expected to see the fastest growth, with China, Japan, and South Korea leading the way in digitalization and IoT adoption. NVIDIA, Qualcomm, and AWS have all made key developments in edge AI software, improving capabilities for industries like automotive, IoT, and healthcare. SNS Insider offers consulting services and market analysis reports to help clients navigate the evolving market landscape.



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