Edge AI software market expected to reach USD 13.67 billion by 2032

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

The Edge AI Software Market was valued at USD 1.33 Billion in 2023 and is projected to reach USD 13.67 Billion by 2032, with a CAGR of 29.58%. Sectors like healthcare and telecommunications are leading the adoption of edge AI solutions, with AI-powered tools boosting lead generation and revenue in various industries.

The rapid proliferation of IoT devices is fueling the adoption of edge AI software, enabling real-time data processing locally and reducing reliance on cloud servers. This approach enhances efficiency in industries like autonomous vehicles, smart cities, and industrial automation by providing faster responses critical for time-sensitive applications.

The Solutions segment dominated the market with over 72% share in 2023, offering advanced software frameworks for real-time AI processing on edge devices. Video and Image Recognition segment held over 32% market share, driving growth in security, healthcare, and retail industries. North America leads in innovation, while Asia-Pacific emerges as a growth powerhouse in the Edge AI market. Huawei and Samsung are at the forefront of edge AI in telecommunications and consumer electronics, while China sees growth in manufacturing and retail automation. AWS introduced IoT Greengrass 3.0, enhancing edge AI for IoT devices, benefiting industries like logistics. Microsoft’s Azure Percept platform upgrade simplifies AI deployment for edge devices, supporting computer vision and voice recognition models. SNS Insider offers market research and consulting services globally to provide accurate data and insights for confident decision-making.



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