Edge AI Market Size Worth USD 108.99 Billion by 2034 | CAGR: 19.7%

The edge AI market size is expected to reach USD 108.99 Billion by 2034, according to a new study by Polaris Market Research. The report “Edge AI Market Size, Share, Trends, & Industry Analysis By Component (Hardware, Network, Edge Cloud Infrastructure, Software, and Support Services), By Industry, and By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The edge AI market is witnessing steady growth as organizations across sectors seek faster and more secure methods to process data closer to its source. Embedding artificial intelligence into edge devices such as cameras, sensors, and industrial equipment is helping businesses reduce dependence on centralized cloud computing infrastructure. This localized data processing enables real-time decision-making enhancing operational efficiency, reduce latency, strengthen data security, and optimizes infrastructure costs.

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Several industries including automotive, healthcare, and manufacturing are adopting edge AI to support time-sensitive applications such as quality inspection, patient monitoring devices, and autonomous operations. The increasing need for immediate insights and uninterrupted workflows is pushing businesses to prioritize edge AI investments as part of digital transformation strategies.

Top of FormEdge AI Market Report Highlights

• In terms of component, the hardware segment led the Edge AI market in 2024, fueled by widespread deployment of AI-optimized processors and accelerators across industrial applications.
• Based on industry, edge AI adoption in healthcare is forecast to accelerate significantly, driven by transformative applications in remote patient monitoring, AI-assisted diagnostics, and next-generation portable medical devices.
• North America maintained its position as the global Edge AI revenue leader in 2024, benefiting from concentrated technological innovation. The region's advantage stems from its dense network of established tech corporations, specialized semiconductor firms, and well-funded AI startups driving commercial implementations.
• The Asia Pacific market is poised for the most rapid Edge AI adoption, with growth catalyzed by ambitious digital infrastructure initiatives. National programs across China's industrial AI strategy, India's digital transformation agenda, and Singapore's Smart Nation vision are creating substantial deployment opportunities for edge intelligence solutions.
• A few global key market players include Amazon Web Services, Inc., Apple Inc., Google LLC (Alphabet Inc.), Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, MediaTek Inc., Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Siemens AG, Synaptics Incorporated, Tesla, Inc., and Xilinx, Inc.

Polaris Market Research has segmented the market report on the basis of component, industry, and region:

By Component Outlook (Revenue, USD Billion, 2020–2034)

• Hardware
• Network
• Edge Cloud Infrastructure
• Software
• Support Services

By Industry Outlook (Revenue, USD Billion, 2020–2034)

• Automotive
• Manufacturing
• Healthcare
• Energy & Utility
• Retail & Consumer Goods
• IT & Telecom
• Others

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America