The global Edge Artificial Intelligence (AI) Software market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities of Edge Artificial Intelligence (AI) Software market. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, RD advancements, and industrial penetration of Edge Artificial Intelligence (AI) Software market.
The global edge Artificial Intelligence (AI) software market size reached USD 585.1 Million in 2020 and is expected to register a CAGR of 20.1%, during the forecast period, according to latest analysis by Emergen Research. Global edge Artificial Intelligence software market revenue growth is expected to be driven by increasing number of AI applications, rapid introduction of 5G network globally, and rising demand for real-time operations, which are crucial for robotics and self-driving vehicles.
However, concerns regarding privacy and security of edge AI software is expected to hamper growth of the global edge AI software market to a certain extent over the forecast period.
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The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Edge Artificial Intelligence (AI) Software Systems market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Key players in the market include Microsoft Corporation, Alphabet Inc., Nutanix, Inc., International Business Machines Corporation, Synaptics Incorporated, Bragi GmbH, TIBCO Software Inc., FogHorn Systems, Inc., Invision AI Inc., and Amazon Web Services.
Emergen Research has segmented the global edge AI software market on the basis of component, data source, application, end-use, and region:
Component Outlook (Revenue, USD Million; 2018–2028)
- Services
- Solutions
Data Source Outlook (Revenue, USD Million; 2018–2028)
- Mobile Data
- Biometric Data
- Video Image Recognition
- Sensor Data
- Speech Recognition
Application Outlook (Revenue, USD Million; 2018–2028)
- Video Surveillance
- Telemetry
- Autonomous Vehicles
- Remote Monitoring
- Field Service Support
- Energy Management
- Smart Wearables
- Precision Agriculture
- Predictive Maintenance
- Access Management
- Point of Sales
- Augmented Reality Virtual Reality
- Others
End-Use Outlook (Revenue, USD Million; 2018–2028)
- Manufacturing
- Government
- BFSI
- Healthcare
- Retail
- Telecom
- Media Entertainment
- Energy Utilities
- Automotive
- Others
Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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