Publication Date:

2023

Publisher:

Grand View Research

# of Pages:

10
Grand View Research Edge AI Market Size & Trends

TLDR:

ey Insight: Edge AI is revolutionizing real-time data processing, shifting AI intelligence closer to devices and reducing reliance on the cloud. By 2030, the Edge AI market will surge to $66.47 billion, driven by IoT, 5G, and AI-powered automation. Major Impact: Industries like healthcare, telecom, manufacturing, and smart cities are accelerating Edge AI adoption for faster decision-making, lower latency, and enhanced security. Market leaders—including Amazon, Intel, Nvidia, and Microsoft—are investing in AI chips, edge-powered IoT, and hybrid AI models. Actionable Takeaway: Enterprises must embrace AI at the edge by investing in AI-driven devices, localized AI processing, and decentralized AI strategies. The future belongs to companies that prioritize real-time AI innovation, scalable Edge AI infrastructure, and seamless cloud-edge integration.

Summary

The Edge AI Market Report 2030 provides a comprehensive analysis of real-time AI processing, market trends, and industry adoption. As global demand for AI-driven efficiency grows, Edge AI is replacing traditional cloud models by enabling faster, localized decision-making and reducing reliance on centralized cloud computing.


Key Takeaways:

  • Edge AI Market Growth & Future Outlook – The Edge AI market is projected to grow from $20.78 billion in 2024 to $66.47 billion by 2030, at a CAGR of 21.7%, driven by the demand for real-time AI processing, smart IoT integration, and decentralized AI models.
  • Edge AI Applications in Key Industries – Adoption is expanding across healthcare, telecom, smart cities, automotive, and manufacturing. In healthcare, Edge AI enables real-time diagnostics, remote patient monitoring, and AI-assisted surgery. Manufacturing benefits from predictive maintenance and automation, while telecom leverages 5G-powered edge computing for AI-driven networks.
  • Market Leaders Driving Edge AI Innovation – Amazon, Intel, Microsoft, IBM, and Nvidia are leading Edge AI development, focusing on AI chips, AI-powered IoT devices, and hybrid cloud-edge models. Companies investing in Edge AI security, compliance, and infrastructure scaling will shape the next phase of AI evolution.
  • Rise of AI-Powered Edge Devices – The hardware segment dominates the Edge AI market, with dedicated AI processors and smart sensors driving adoption. The software market is growing at a CAGR of 24.5%, as Edge AI applications become more sophisticated.
  • Edge AI’s Impact on Real-Time AI Processing – Edge AI eliminates cloud latency, ensuring faster, localized AI decisions in applications like autonomous vehicles, smart cities, and industrial automation. This shift improves data security, processing speed, and energy efficiency.
  • Regional Market Trends & AI Expansion – The U.S., China, and Europe lead Edge AI adoption, with North America holding 37.7% of the market share in 2024. China is advancing in autonomous AI systems and AI-powered IoT, while Europe’s data privacy regulations are increasing demand for on-premise AI solutions over cloud-based models.

What This Means for Enterprises in 2025 and Beyond

Edge AI is no longer a niche technology—it has become a core enabler of AI-driven efficiency, automation, and intelligent decision-making. Companies that invest in AI-powered edge computing, hybrid AI models, and decentralized AI strategies will lead the next wave of real-time AI innovation.


For further insights, refer to the Edge AI Market Report 2030.

Tags

Edge AI, AI at the Edge, AI-Powered IoT, AI in 5G, AI in Manufacturing

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