July 2022: Gorilla Technology and SUNTEL collaborated to boost sales and provide solutions to Japanese clients. SUNTEL is a trading company specializing in information and communications. The products traded under the contract include Gorilla IVAR edge AI software, BAP, smart attendance, AI appliances, and smart retail. The leading players in the global edge AI market are Alphabet Inc. , Amazon. com, Inc. , Microsoft Corporation, IBM Corporation, Nutanix, Inc. , Intel Corporation, Synaptics Incorporated, ADLINK Technology Inc. , Gorilla Technology Group, and Viso. ai. The market growth of edge AI is driven by the rising demand for autonomous vehicles and robotics. Real-time data communication to the cloud is essential for the operation of self-driven vehicles, and advanced AI and ML technologies play a crucial role in supporting their decision-making. Autonomous vehicles are also linked to the edge to increase efficiency, reduce waste, enhance safety, and ease traffic congestion. Edge AI applications in robotics, such as drones, smart factories, and smart ports, are gaining popularity due to low latency and bandwidth requirements.

The market in North America is leading in terms of adoption of innovative technology, driven by businesses in the US. Europe, particularly the UK, Germany, France, and Italy, is predicted to have a significant share of the market due to the increasing demand for edge AI solutions. The Middle East and Africa are also witnessing growth in the adoption of innovative technologies. Prominent players in the market are forming partnerships to secure their brand values and expand their reach to end-users. The global edge AI market size was USD 11. 98 billion in 2021 and is expected to reach USD 107. 47 billion by 2029. Fortune Business Insights™ provides expert corporate analysis and accurate data to help organizations make timely decisions. Our tailored solutions empower clients with holistic market intelligence, giving them a granular overview of their operating market.