The North America Edge AI in Industrial Automation Market is expected to witness market growth of 24.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Edge AI in Industrial Automation Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $60.94 billion by 2031. Canada market is experiencing a CAGR of 26.1% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 25.9% during 2024-2031.
The rise of edge AI in industrial automation is largely driven by the convergence of several technological trends, including the proliferation of the Industrial Internet of Things (IIoT), advancements in AI algorithms, and the increasing availability of powerful yet compact edge computing hardware.
Additionally, the IIoT is expanding the ability of industrial devices to connect, communicate, and collect data. However, with the massive volumes of data generated in industrial environments, the reliance on centralized cloud computing to process this data often creates latency and bandwidth issues.
In the North American edge AI in industrial automation, businesses have rapidly integrated AI into their operations, creating a strong demand for efficient data processing solutions like edge computing. The U.S. manufacturing industry has quickly adopted Industry 4.0 technologies, which leverage AI and edge computing to optimize production processes, enhance operational efficiency, and reduce downtime through predictive maintenance. According to the National Institute of Standards and Technology (NIST), the U.S. manufacturing sector is expected to invest heavily in smart manufacturing technologies, further boosting the demand for edge AI solutions.
The US market dominated the North America Edge AI in Industrial Automation Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $60.94 billion by 2031. Canada market is experiencing a CAGR of 26.1% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 25.9% during 2024-2031.
The rise of edge AI in industrial automation is largely driven by the convergence of several technological trends, including the proliferation of the Industrial Internet of Things (IIoT), advancements in AI algorithms, and the increasing availability of powerful yet compact edge computing hardware.
Additionally, the IIoT is expanding the ability of industrial devices to connect, communicate, and collect data. However, with the massive volumes of data generated in industrial environments, the reliance on centralized cloud computing to process this data often creates latency and bandwidth issues.
In the North American edge AI in industrial automation, businesses have rapidly integrated AI into their operations, creating a strong demand for efficient data processing solutions like edge computing. The U.S. manufacturing industry has quickly adopted Industry 4.0 technologies, which leverage AI and edge computing to optimize production processes, enhance operational efficiency, and reduce downtime through predictive maintenance. According to the National Institute of Standards and Technology (NIST), the U.S. manufacturing sector is expected to invest heavily in smart manufacturing technologies, further boosting the demand for edge AI solutions.
List of Key Companies Profiled
- Microsoft Corporation
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NVIDIA Corporation
- Google LLC (Alphabet Inc.)
- Synaptics Incorporated
- Nutanix, Inc.
- Adlink Technology, Inc.
- Gorilla Technology Group Inc.
- Oracle Corporation
Market Report Segmentation
By Organization Size- Large Enterprises
- Small & Medium Enterprises
- On-premise
- Cloud
- Hardware
- Edge Devices
- Sensors
- Gateways
- Software
- Edge Platforms
- AI Algorithms
- Machine Learning Models
- Services
- Deployment
- Integration
- Consulting
- Manufacturing
- Energy & Utilities
- Oil & Gas
- Automotive
- Logistics & Transportation
- Healthcare
- Other End-Uses
- Predictive Maintenance
- Quality Control & Inspection
- Process Optimization
- Anomaly Detection
- Energy Efficiency Management
- Other Solutions
- US
- Canada
- Mexico
- Rest of North America
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. North America Edge AI in Industrial Automation Market by Organization Size
Chapter 6. North America Edge AI in Industrial Automation Market by Deployment Type
Chapter 7. North America Edge AI in Industrial Automation Market by Component
Chapter 8. North America Edge AI in Industrial Automation Market by End-Use
Chapter 9. North America Edge AI in Industrial Automation Market by Solutions
Chapter 10. North America Edge AI in Industrial Automation Market by Country
Chapter 11. Company Profiles
Companies Mentioned
Some of the key companies profiled in this North America Edge AI in Industrial Automation Market include:- Microsoft Corporation
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NVIDIA Corporation
- Google LLC (Alphabet Inc.)
- Synaptics Incorporated
- Nutanix, Inc.
- Adlink Technology, Inc.
- Gorilla Technology Group Inc.
- Oracle Corporation
Methodology
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