Introduction :

Edge AI (or Edge Computing with Artificial Intelligence) is a distributed computing paradigm that brings computation and storage closer to where data originates, rather than depending on an entirely cloud-based solution. This allows for faster processing speeds and response times as well as reduced latency and bandwidth requirements.

Edge AI market growth is being propelled by IoT device adoption, the desire for real-time insights and decision making capabilities, cost reduction initiatives, and efforts to increase efficiency.

According to market.us ,The Edge AI Market is anticipated to achieve a value of roughly USD 143.6 Billion by 2032, a substantial rise from its 2022 value of USD 15.2 Billion. This progress is expected to unfold at a compound annual growth rate (CAGR) of 25.9% during the projection period from 2023 to 2032.

Following are the top 5 companies

1. NVIDIA : 

NVIDIA Corporation is an innovative global technology company known for its pioneering work in graphics processing units (GPUs) and artificial intelligence technologies. Established by Jensen Huang, Chris Malachowsky and Chris Hoberman in 1993, NVIDIA has quickly grown into one of the premier semiconductor players. NVIDIA GPUs can be found throughout gaming, professional visualization, data centers and autonomous vehicles due to their remarkable processing power and parallel computing abilities.

NVIDIA's involvement in AI and deep learning has been profound, with GPUs playing an instrumental part in creating machine learning models. Their deep learning accelerators such as CUDA and TensorRT software platforms have become essential resources for researchers and developers in AI communities around the globe.

2. Microsoft Corporation:

Established by Bill Gates and Paul Allen in 1975, one of the world's largest and most influential technology companies, Microsoft was one of the driving forces in bringing personal computing revolution to mainstream users worldwide. From Windows operating system and Office suite software to Azure cloud services used globally - all support productivity, communication, and collaboration among businesses, governments, and individuals worldwide.

Under CEO Satya Nadella's direction, Microsoft has undergone a dramatic transformation, adopting cloud computing, artificial intelligence (AI), and open source technologies. Azure, Microsoft's cloud platform is an industry leader, competing against Amazon Web Services and Google Cloud; additionally, their investments in AI via their Bot Framework and Azure AI have established them in this rapidly emerging sector.

3. IBM cor.;

International Business Machines Corporation, commonly referred to as IBM, is a multinational technology and consulting firm founded in 1911. Since its creation, IBM has been at the forefront of technological innovation; from early mainframes through cloud computing and artificial intelligence. IBM's legacy in developing hardware and software has had an enormous effect on tech industries worldwide.

IBM Watson, its cognitive computing system, marks IBM's entry into artificial intelligence (AI). Watson is utilized in fields including healthcare, finance and customer service and has provided invaluable insights through natural language processing and machine learning. Furthermore, the company offers cloud computing through IBM Cloud which offers infrastructure, platform and SaaS solutions for businesses and developers.

4. Alphabet, Inc.:

Established by Larry Page and Sergey Brin in 2015, Alphabet Inc is the parent company of Google. Alphabet was created to streamline Google's various ventures for greater focus on its core internet businesses while foraying into emerging technologies. Google itself continues to dominate search engine market as part of Alphabet Inc with services including Maps, YouTube and Android available for use.

Alphabet expanded their interests across fields like autonomous vehicles (Waymo), healthcare (Verily), and smart cities (Sidewalk Labs). Alphabet's DeepMind subsidiary leads AI research with groundbreaking achievements such as reinforcement learning applications for healthcare purposes. They have also made strides in machine learning technologies that are making significant waves within the tech sector.

5. Oracle Corporation: 

Oracle is a global leader in database management systems and enterprise software, founded by Larry Ellison, Bob Miner and Ed Oates in 1977 and known for its Oracle Database which allows businesses to store, manage and analyze large volumes of data. Furthermore, they also provide software products and cloud services like their flagship offering of the latter - Oracle Cloud - tailored specifically to individual business requirements.

Oracle has made significant investments in cloud infrastructure and services, competing against industry titans such as Amazon Web Services and Microsoft Azure. Furthermore, the company has taken to using artificial intelligence and machine learning technologies in its business applications for enhanced analytics and automation purposes.

Suggested reading:

Global Edge AI Market By Deployment Mode (On-Premise and Cloud-Based) By Component (Hardware, Software, and Services) By End-Use Industry (IT & Telecom, Automotive, Government, Manufacturing, Healthcare, Consumers & Goods, and Other End-Use Industries), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Recent development: 

• Intel and Qualcomm Introduce New Edge AI Chips: Intel and Qualcomm recently unveiled two edge AI chips designed to increase performance and efficiency of edge AI applications. Intel's new FPGA, known as the Stratix 10 GX FPGA, can be customized for specific edge AI uses while Qualcomm's Cloud AI 100 accelerator specializes in running machine learning models at the edge.
  
  
• Google Launches Edge AI Software Platform: In recent weeks, Google unveiled their Edge TPU edge AI software platform - an SDK to assist developers in building and deploying edge AI apps on Google's Cloud TPUs more quickly and easily.
  
  
• Microsoft Unveils New Edge AI Cloud Service: Microsoft recently unveiled Azure IoT Edge, its managed edge AI cloud service that enables businesses to deploy and manage edge AI apps within their own infrastructure.

• Amazon Launches New Edge AI Services: Amazon recently unveiled several edge AI services, such as Amazon SageMaker Edge and AWS Greengrass. Amazon SageMaker Edge allows businesses to deploy and manage machine learning models on edge devices; AWS Greengrass allows businesses to run compute, messaging, data storage, and machine learning workloads locally on devices.