The global market for edge artificial intelligence was valued at $8.7 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 36.9% to reach $56.8 billion by the end of 2030.

Edge computing refers to data processing that occurs closer to where the data is generated—at the “edge” of a network—rather than on centralized data centers or cloud. Edge AI builds on this concept by using AI algorithms and machine learning models on local devices, such as edge servers, sensors, and other Internet of Things devices, to improve on the real-time data processing benefits of edge computing.