Edge AI Software Market Overview:
The Edge AI Software market is projected to grow by USD by 2023 rapidly at a CAGR throughout the forecast period 2023-2032
- The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Demand for Edge AI-Enabled Devices
There is a long list of cutting-edge AI applications. Smartphones and semi-autonomous vehicles or intelligent devices can do facial recognition and provide real-time traffic information. Other Edge AI-enabled things include video games, smart speakers, robots, drones, security cameras, and wearable health monitoring devices. The detection of security cameras will benefit from edge AI. Traditional surveillance cameras record images for hours before storing and retrieving them as needed. However, with Edge AI, the algorithmic procedures will be performed in real-time within the system itself, allowing the cameras to detect and evaluate suspicious activity in real-time, resulting in more efficient and cost-effective services. Edge AI will increase autonomous vehicles’ ability to interpret data and visuals in real-time to identify traffic signs, people, other cars, and roads, hence improving transportation security. Edge AI will save expenses and improve safety in industrial IoT. (IIoT). Machine Learning will recompile data from the entire process in real-time, while AI will monitor machinery for potential errors or faults in the production chain.
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Edge AI Software Market Impact Growth Factor:
- These key growth drivers have incredibly helped the Edge AI Software market and are estimated to boost the growth. Analysts studying the Edge AI Software market have also shared growth projections in the Edge AI Software market research report and have suggested Edge AI Software market-based companies to develop growth strategies.
- Elevated investments and lack of comfort on the patients end are the challenges that companies across the Edge AI Software market could face. The details covered in the Edge AI Software market report cover all the aspects of the industry
Edge AI Software Market by consolidation of large healthcare Competitive Landscape
The population growth as well as increasing demand of Edge AI Software market-based solutions also accelerates the market growth. However, the Edge AI Software market can be affected due to the high cost of Edge AI Software as well as risks associated with robotic-assisted surgeries. The Edge AI Software market research report covers all such factors assisting companies in the Edge AI Software market to improve their plans and portfolio. The Edge AI Software market research report also provides company profiles of major businesses. Players Alphabet Inc., Microsoft Corporation, IBM Corporation, Nutanix, TIBCO Software Corporation.
Industry News
- Synaptics collaborated with Eta Compute and dispatched Katana Edge AI Platform that consolidates Synaptics’ demonstrated low-power SoC engineering with energy-productive AI programming.
- a leading developer of Edge AI software for industrial and commercial IoT solutions, announced the deployment of its edge-powered computer vision solutions by Aramco, a leading integrated energy and chemicals company.
- FogHorn Lightning is an edge AI platform enhancing safety, offering proactive monitoring for equipment failure, and enabling automation of drilling equipment & processes. Aramco has selected the FogHorn lightning edge AI platform to build an efficient infrastructure required for automation, digitalization, and standardization projects across various facilities.
Edge AI Software Market Segmentation
The global Edge AI Software market has been segmented based on components, system type, and end-use. On the basis of components, the market for Edge AI Software is segmented based on hardware, software and services.
- The global Edge AI Software market has been segmented based on product type, application, end user, and product type. On the basis of product type, the market for Edge AI Software is segmented based on robotic systems and services, instrument & accessories.
- Additionally, the market on the basis of application, is segmented into cardiac surgery, colorectal surgery and head and neck surgery, general surgery, urologic surgery, gynecologic surgery. The global market for Edge AI Software is also covered based on the end user segment which is further split into hospitals and ambulatory surgical centers. On the basis of control mechanisms, the market for Edge AI Software is segmented based on direct telemanipulator and computer control.
Segmentation By Component (Solution, Software Tools, Platform, Services, Training And Consulting, System Integration And Testing, Support And Maintenance), By Data Source (Video And Image Recognition, Speech Recognition, Biometric Data, Sensor Data, Mobile Data), By Application (Autonomous Vehicles, Access Management, Video Surveillance, Remote Monitoring And Predictive Maintenance Telemetry, Energy Management), Others (Point Of Sales, Field Service Support, Precision Agriculture, AR/VR, And Smart Wearables), By Vertical (Government And Public, Manufacturing, Automotive, Energy And Utilitiestelecom, Healthcare), Others (Media And Entertainment, Retail And Ecommerce, And Banking, Financial Services And Insurance [BFSI]).
Edge AI Software Regional Analysis
The Edge AI Software market report covers companies functional in the Edge AI Software market spread across regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The regional analysis of the Edge AI Software market can be found in the market research report. The North American Edge AI Software market has several key players functioning in the United States, Canada, and Mexico. Europe has companies in the Edge AI Software market across Germany, France, Spain, Italy, and the United Kingdom. The Edge AI Software market of the Middle East, Africa, and other regions has also been studied by analysts. A detailed analysis of the Edge AI Software market across India, China, and Japan in the Asia-Pacific region is also available for further study.
- North America (United States, Canada and Mexico),
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia),
- South America (Brazil, Argentina),
- Europe (Germany, France, United Kingdom, Russia and Italy),
- Middle East & Africa (UAE, Egypt, Saudi Arabia, and South Africa)
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Methodology off Edge AI Software Market
- Several organizations are incorporating Edge AI Software into their cloud-based services to enjoy all its benefits, such as customization, cost savings, product line innovations, and value-added services. It aids in cloud maintenance automation and advantage organizations by offering the remote vision of storage devices present in the cloud. Around 70% of enterprises believe that OpenStack is crucial to their cloud strategy as its benefits in developing key performance indicators or KPIs. With the rising demand for cloud-based solutions, the Edge AI Software market shareis also elevating. The free availability, wide adoption, and easy deployment are pushing the market to greater heights.
- The report depicts the overall growth of the Edge AI Software service market. It includes the different market segments and also sheds light on the regional analysis. The industry-related news is also mentioned in the report. It is expected that the marketwill have higher growth in the forecast period due to the ever-growing demands.
Report Aims To Provide:
- Quantitative examination of present trends, dynamics, and projections from 2023 through 2032.
- SWOT analysis and Porter’s five force analysis are used to describe the ability of buyers and suppliers to make profit-oriented decisions and improve their businesses.
- In-depth Edge AI Software market segmentation study aids in identifying current market opportunities.
- Finally, by presenting balanced information under one roof, this Edge AI Software report serves to save you time and money.
Reasons to Buy This Report:
- Provides niche insights for decision about every possible segment helping in strategic decision-making process.
- Market size estimation of the Edge AI Software market on a regional and global basis.
- A unique research design for market size estimation and forecast.
- Identification of major companies operating in the market with related developments
- Exhaustive scope to cover all the possible segments helping every stakeholder in the Edge AI Software
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