The global Edge AI Software market size was valued at USD 4.28 Billion in 2021 growing at a CAGR of 21.3% from 2022 to 2032. Software for edge artificial intelligence (AI) combines machine learning with edge computing technologies. Without the need for expensive data analysis or large data, our AI software automatically translates raw data into movements or events, forecasts, and insights. Frameworks and software development kits are the types of software tools that are provided, and they have the advantage of fusing AI capabilities with software applications. With the aid of sensors and signals, an AI algorithm is performed on hardware in this edge AI software. As the system senses the connection and makes the decision dynamically, there are fewer odds of being connected in a live way with its adoption.
The driving factor of the Edge AI Software Market:
- Rising cloud-based corporate workloads
Due to the rapid uptake of cloud computing, everyday data transfers to the cloud are expected to result in a rise in cloud workloads. Edge Al software solutions give businesses the ability to store and retrieve data on edge nodes and devices that requires a quick response and is only needed temporarily. Al is expanding significantly as a result of the proliferation of diverse uses across numerous industries. For tasks like real-time data processing and data capture, these apps need a lot of computational power to deliver effective and useful results. All apps have latency problems when using cloud computing, which makes it difficult to provide speedy replies.
- The number of intelligent applications is expanding quickly
- Increasing data volume and network traffic exponentially
Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=newsmantraa&reportCode=016500
Key Highlights:
- The global Edge AI Software market size was valued at USD 4.28 Billion in 2021 growing at a CAGR of 21.3% from 2022 to 2032.
- North America dominated the market in 2021
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2022 to 2032
Key Players
The Edge AI Software market report gives comprehensive information about the company and its past performance. The report also provides a detailed market share analysis along with product benchmarking with key developments.
The key players profiled in the report are:
- Microsoft Corporation
- IBM Corporation
- Amazon Web Services
- Nutanix Inc
- Synaptics
- TIBCO Software
- Octonion
- Intel Corporation
- Hewlett Packard Enterprise Company
- Oracle Corporation
The Global Edge AI Software Logistic report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Edge AI Software market provide specialized product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.
COVID Impact
In terms of COVID-19 impact, the Edge AI Software market report also includes the following data points:
- COVID-19 Impact on Edge AI Software market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in the Edge AI Software market
Get a Free Sample Copy of This Report @ https://report.evolvebi.com/index.php/sample/request?referer=newsmantraa&reportCode=016500
Scope of the Report:
Market Segment By Component:
- Solution
- Services
Market Segment By Data Source:
- Video and Image Recognition
- Speech Recognition
- Biometric Data
- Sensor Data
- Mobile Data
Market Segment By Application:
- Autonomous Vehicles
- Access Management
- Video Surveillance
- Remote Monitoring & Predictive Maintenance
- Telemetry
- Energy Management
- Others
For more information: https://report.evolvebi.com/index.php/sample/request?referer=newsmantraa&reportCode=016500
Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
North America has one of the highest rates of edge Al software use. The US and Canada are the top two nations boosting the market for edge Al software. Businesses in this area, particularly in the US, have taken use of AI, ML, and deep learning technologies to remain ahead of the competition. Al-powered Internet of Things (loT) developments for intelligent systems and smart applications, as well as the usage of edge Al computing in the 5G network, which provides better data control, lower costs, rapid insights, and continuous operation, are the main reasons driving the market.
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of the Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
Contact Us:
Evolve Business Intelligence
India
Contact: +1 773 644 5507 (US) / +441163182335 (UK)
Email: sales@evolvebi.com
Website: www.evolvebi.com
