The Latin America, Middle East and Africa AI Edge Computing Market would witness market growth of 23.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA AI Edge Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,320.2 million by 2031. The Argentina market is showcasing a CAGR of 24.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 23.3% during (2024 - 2031).
Despite its promising potential, the AI edge computing market faces several challenges. The deployment of edge infrastructure can be a substantial barrier for small and medium-sized enterprises (SMEs) due to the high initial costs.
Moreover, specialized edge devices, sensors, and connectivity solutions require substantial investment, making it difficult for smaller organizations to adopt this technology. Managing and storing large volumes of data locally on edge devices is another critical challenge.
The increasing focus on digital transformation, coupled with investments in IT infrastructure and smart city projects, is expected to drive the adoption of edge computing in the LAMEA region. The United Arab Emirates (UAE) is a leader in the Middle East in the adoption of AI and peripheral computing technologies. The UAE government’s vision for digital transformation is embodied in its Smart Dubai initiative, which aims to make Dubai the happiest city on Earth by harnessing advanced technologies.
Free Valuable Insights: The Worldwide AI Edge Computing Market is Projected to reach USD 64.8 Billion by 2031, at a CAGR of 20.9%
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Organization Size
By Component
By Application
By Vertical
By Country
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