The North America Edge AI in Industrial Automation Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $60,940.8 million 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.
Free Valuable Insights: The Edge AI in Industrial Automation Market is Predict to reach USD 268.5 Billion by 2031, at a CAGR of 25.4%
Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into On-premise, and Cloud. Based on Component, the market is segmented into Hardware (Edge Devices, Sensors, and Gateways), Software (Edge Platforms, AI Algorithms, and Machine Learning Models), and Services (Deployment, Integration, and Consulting). Based on End-Use, the market is segmented into Manufacturing, Energy & Utilities, Oil & Gas, Automotive, Logistics & Transportation, Healthcare, and Other End-Uses. Based on Solutions, the market is segmented into Predictive Maintenance, Quality Control & Inspection, Process Optimization, Anomaly Detection, Energy Efficiency Management, and Other Solutions. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Organization Size
By Deployment Type
By Component
By End-Use
By Solutions
By Country
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