Edge AI Revenue

The edge AI ecosystem market, which consists of edge AI chipset suppliers, development platforms, turnkey service providers, and Software-as-a-Service (SaaS) companies, is expected to nearly triple in the next 5 years. Estimated to be a US$15.4 billion market in 2021, the market is expected to grow to close to US$38 billion by 2026.

While most AI workloads still reside in the cloud, concerns around connectivity privacy, data governance, and latency are becoming the catalyst for increased edge AI adoption. Significant advancements are seen across the consumer, commercial, and industrial sectors, as edge AI applications become more and more entrenched in day-to-day workflows.

Solution providers are introducing innovative solutions to address the growing market opportunities, such as high-performance, low-power computing processors for Machine Learning (ML), edge computing gateways, developer-friendly AI development platforms, E2E AI design, development, and deployment services, among others. As the market continues to mature, the edge AI market is on track to exceed that of the cloud AI market by 2026.