What is the expected CAGR of the global Edge AI market?
The global Edge AI market is expected to grow at a CAGR of 20.6% from 2024 to 2031, reaching a value of $73.8 billion by 2031.
What are the factors driving the growth of the Edge AI market?
Several factors are driving the growth of the Edge AI market, including the increasing adoption of the Internet of Things (IoT), the rising demand for autonomous vehicles and robotics, and the growing need for real-time data processing and analysis.
What are the different segments of the Edge AI market?
The global Edge AI market is segmented based on component, technology, end-user, and region. The major components include hardware, software, edge cloud infrastructure, and services.
How has COVID-19 impacted the Edge AI market?
The COVID-19 pandemic has had a mixed impact on the Edge AI market. On the one hand, it has disrupted the production and supply of AI edge hardware components. On the other hand, it has also driven the adoption of digitalization and remote work, which has increased the demand for AI edge solutions.