Ongoing Developments in Edge AIto Bolster the Growth of the Edge AI Market

Published: Jan 2024

The global edge AI market is anticipated to grow at a significant CAGR of 22.2% during the forecast period (2023-2030). The ongoing developments in edge AI to drive the global market. For instance,.

in November 2023, ADLINK Technology Inc., introduce the DLAP-211-Orin Series and DLAP-411-Orin industrial-grade edge AI platforms. The new DLAP platforms, enhanced with Orin modules, offer compact, SWaP-optimized, and robust industrial-grade solutions that provide AI inference capabilities with an 8X improvement, up to 275 TOPS, in AI performance over previous generations. These advanced systems are designed to provide exceptional performance and durability, redefining benchmarks for AI applications across various sectors, including smart cities, retail, security, factories, and manufacturing.

Further, in March 2023, Minima Global Ltd, a Europe-based blockchain platform developer, collaborated with Inferrix Limited, a software company in the UK, by combining Minima's blockchain technology with Inferrix's IoT edge and AI offerings. This partnership aims to develop unique IoT solutions by ensuring efficient and secure communication between all sensors and protecting mission-critical data.

Browse the full report description of “Edge AI Market Size, Share & Trends Analysis Report by Component (Hardware and Software), and by End-user Industry (Manufacturing, Automotive, Government, Healthcare, IT & Telecom and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/edge-ai-market

Furthermore, in September 2022, NVIDIA introduced the NVIDIA IGX platform for high-precision edge AI, bringing advanced security and proactive safety to sensitive industries such as manufacturing, logistics and healthcare. In the past, such industries required costly solutions custom built for specific use cases, but the IGX platform is easily programmable and configurable to suit different needs.As the platform for safe, secure autonomous systems, IGX improves human-machine collaboration. For manufacturing and logistics, IGX provides an additional layer of safety in highly regulated physical-world factories and warehouses. For medical edge AI use cases, IGX delivers secure, low-latency AI inference to address the clinical demand for instantaneous insights from a range of instruments and sensors for medical procedures, such as robotic-assisted surgery and patient monitoring.

Market Coverage

The market number available for – 2022-2030

Base year- 2022

Forecast period- 2023-2030

Segment Covered- 

o By Component

o By Industry verticals

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includes Alteryx, Inc., IBM Corp, Microsoft Corp, SAP SE, and SAS Institute Inc. among others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Edge AI Market Report Segment

By Component 

  • Hardware
  • Software

By Industry Vertical

  • Manufacturing
  • Automotive
  • Government
  • Healthcare
  • IT & Telecom
  • Others

Global Edge AI Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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