Edge Ai Industry Statistics

In this post, we will explore the rapidly growing industry of Edge AI, backed by a wealth of compelling statistics. From the soaring market projections to the emerging trends in various sectors, the data paints a vibrant picture of the transformative impact of Edge AI technology. Let’s dive into the numbers shaping the future of Edge AI.

Statistic 1

"Edge AI hardware market is expected to reach $12.2 billion by 2024."

Statistic 2

"The global Edge AI software market is projected to grow at a CAGR of almost 28% during 2019-2024."

Statistic 3

"A survey conducted by IDC revealed that 40% of AI enterprises say there is a high to urgent need for AI at the Edge solution."

Statistic 4

"In 2020, 4.3 million Edge AI units have been installed in the USA."

Statistic 5

"The Edge AI chips market was valued at $7.6 billion in 2019."

Statistic 6

"China is currently the largest market for Edge AI chips with a share of 44%."

Statistic 7

"Nearly 13 exabytes of data are processed by Edge AI chips annually."

Statistic 8

"In automotive applications, FPGA type Edge AI chips hold about a 32% market share."

Statistic 9

"North America is the leading regional segment in the Edge AI software market and is expected to show significant growth over the forecast period."

Statistic 10

"In 2019, a 20% increase in sales was observed, majorly driven by Edge AI chipsets."

Statistic 11

"IoT is the leading application segment of the edge AI software market and is expected to continue its dominance over the forecast period."

Statistic 12

"The adoption rate of Edge AI in the manufacturing sector is expected to grow by more than 25% by 2022."

Statistic 13

"In 2021, the health sector invested nearly 12% of its total IT budget in the Edge AI solution."

Statistic 14

"The demand for Edge AI software in the BFSI sector is expected to grow rapidly with a CAGR of over 35% during 2019-2024."

Statistic 15

"By 2025, 70% of companies using edge AI anticipate revenue growth of more than 15%."

The statistics presented in this analysis show a clear trend towards substantial growth in the Edge AI industry, with significant market values, rapid CAGR projections, and high demand observed across various sectors and regions. The data indicates a widespread recognition of the importance and potential benefits of Edge AI solutions, as evidenced by increasing investments and adoption rates in key industries such as manufacturing, healthcare, and finance. As companies continue to leverage Edge AI technologies to enhance their operations and services, it is evident that the market is poised for further expansion and innovation in the coming years.