The Europe AI Edge Computing Market would witness market growth of 20.5% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Others Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $810.4 million by 2031. The UK market is exhibiting a CAGR of 19.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 21.7% during (2024 - 2031).
The rise of the Internet of Things (IoT) is a major driver of the AI edge computing market. The Internet of Things devices, which can range from straightforward sensors to intricate machinery, produce tremendous amounts of data that must be processed in an effective manner.
Additionally, due to latency and bandwidth limitations, traditional cloud models are often not feasible for processing such vast amounts of data. Augmented by AI, edge computing provides a scalable solution that meets the demands of this rapidly expanding ecosystem.
The European Union is investing heavily in digital infrastructure and AI, fostering a favorable environment for edge computing development. Germany is experiencing a significant increase in demand for AI edge computing, particularly due to the expansion of its automotive sector, a cornerstone of the German economy. The country's focus on developing autonomous vehicles and enhancing manufacturing processes in the automotive industry drives the need for real-time data processing capabilities.
Based on Component, the market is segmented into Hardware, Software, and Services. Based on Organization Size, the market is segmented into Large Enterprises and SME (Small & Medium Sized Enterprises). Based on Application, the market is segmented into IIOT, Remote Monitoring, Content Delivery, Video Analytics and AR & VR (Augmented Reality and Virtual Reality). Based on Industry Vertical, the market is segmented into Automotive, Healthcare, Chemicals, Oil & Gas, Manufacturing & Robotics, Public Infrastructure and Transportation & Logistics. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The Germany market dominated the Europe Others Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $810.4 million by 2031. The UK market is exhibiting a CAGR of 19.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 21.7% during (2024 - 2031).
The rise of the Internet of Things (IoT) is a major driver of the AI edge computing market. The Internet of Things devices, which can range from straightforward sensors to intricate machinery, produce tremendous amounts of data that must be processed in an effective manner.
Additionally, due to latency and bandwidth limitations, traditional cloud models are often not feasible for processing such vast amounts of data. Augmented by AI, edge computing provides a scalable solution that meets the demands of this rapidly expanding ecosystem.
The European Union is investing heavily in digital infrastructure and AI, fostering a favorable environment for edge computing development. Germany is experiencing a significant increase in demand for AI edge computing, particularly due to the expansion of its automotive sector, a cornerstone of the German economy. The country's focus on developing autonomous vehicles and enhancing manufacturing processes in the automotive industry drives the need for real-time data processing capabilities.
Based on Component, the market is segmented into Hardware, Software, and Services. Based on Organization Size, the market is segmented into Large Enterprises and SME (Small & Medium Sized Enterprises). Based on Application, the market is segmented into IIOT, Remote Monitoring, Content Delivery, Video Analytics and AR & VR (Augmented Reality and Virtual Reality). Based on Industry Vertical, the market is segmented into Automotive, Healthcare, Chemicals, Oil & Gas, Manufacturing & Robotics, Public Infrastructure and Transportation & Logistics. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Comsovereign Holding Corp.
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Johnson Controls International PLC
- Vapor IO, Inc.
- IBM Corporation
- Rigado Inc.
- Cisco Systems, Inc.
- ClearBlade Inc.
- HP, Inc.
Market Report Segmentation
By Organization Size- Large Enterprises
- Small & Medium Enterprises (SME)
- Hardware
- Software
- Services
- IIOT (Industrial Internet of Things)
- Remote Monitoring
- Content Delivery
- Video Analytics
- AR & VR (Augmented Reality and Virtual Reality)
- Manufacturing
- Healthcare
- Automotive
- Chemicals
- Oil & Gas
- Public Infrastructure and
- Transportation & Logistics
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe AI Edge Computing Market by Organization Size
Chapter 6. Europe AI Edge Computing Market by Component
Chapter 7. Europe AI Edge Computing Market by Application
Chapter 8. Europe AI Edge Computing Market by Vertical
Chapter 9. Europe AI Edge Computing Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Comsovereign Holding Corp.
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Johnson Controls International PLC
- Vapor IO, Inc.
- IBM Corporation
- Rigado Inc.
- Cisco Systems, Inc.
- ClearBlade Inc.
- Hewlett Packard Enterprise Company
- Oracle Corporation
- Microsoft Corporation
- Amazon Web Services, Inc.
Methodology
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