Global Edge AI Market to Reach $56.8 Billion by 2030 at a CAGR of 36.9%

The global edge AI market is projected to grow from $8.7 billion in 2024 to $56.8 billion by 2030, with a compound annual growth rate (CAGR) of 36.9%. The market is driven by increasing demand for real-time data processing, advances in edge computing technologies, and the proliferation of IoT devices. Leading companies such as Microsoft and Nvidia are adopting strategic approaches to capitalize on the market's growth.

The global edge AI market is poised for significant growth, with projections indicating a substantial increase from $8.7 billion in 2024 to $56.8 billion by 2030, at a compound annual growth rate (CAGR) of 36.9% [1]. This rapid expansion is driven by several key factors, including the growing demand for real-time data processing, advancements in edge computing technologies, and the proliferation of IoT devices.

The market's growth is further fueled by the increasing adoption of edge devices and the need for real-time processing capabilities across various industries. For instance, healthcare applications, such as remote patient monitoring, and manufacturing sectors, which rely on predictive maintenance using sensor data, are significant contributors to the demand for edge AI [1].

Leading companies in the edge AI market, such as Microsoft and Nvidia, are adopting strategic approaches to capitalize on this growth. These companies are investing in research and development, forming strategic alliances, and expanding their product offerings to meet the evolving needs of the market [1].

The market also faces challenges, including limited computing and storage resources, the risk of malware and security flaws, and the need for integration with large language models and smart city initiatives [1]. Despite these challenges, the edge AI market is expected to continue its robust growth trajectory, driven by technological advancements and the increasing adoption of IoT devices.

References:

[1] https://www.globenewswire.com/news-release/2025/07/17/3116995/0/en/Edge-AI-Market-Research-Report-2025-Revenue-Data-from-2024-Estimates-for-2025-and-Projected-CAGRs-Through-2030.html