Edge Ai Market To Hit $66.47 Billion By 2030 At Cagr Of 21.0%: Grand View Research, Inc.

The global edge AI market size is expected to reach USD 66.47 Billion by 2030, driven by the growing demand for 5G in areas such as real-time virtual reality experiences, self-driving cars, and mission-critical applications. The hardware segment dominated the market with a revenue share of 53.6% in 2022, and the Asia Pacific region is expected to grow at the highest CAGR of 26.1% during the projected period. Edge AI enables full utilization of IoT data by locally analyzing massive amounts of sensor data and automating operational decisions.