Edge AI Software Market Size Outlook By Share, Future Growth and Forecast 2022-2031

“A research report on Edge AI Software Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.

Download Sample of This Strategic Report: https://www.sdki.us/sample-request-77408

Global Edge Artificial Intelligence (AI) Software market is expected to grow at a CAGR of over 25% on account of significant increase in the number of intelligent applications. Edge artificial intelligence software allows processing, aggregation, computation and analysis of data present in the edge devices by leveraging IoT and artificial intelligence technologies. Integration of artificial intelligence in edge devices helps to minimize latency, lessen threats and improve reliability which is promoting the growth of the market. Moreover, increasing workload of enterprises on cloud is further likely to elevate demand for global edge AI software market through 2024.

Global edge AI software market can be segmented based on the component, data source, application, end user and region. Based on component, the market can be bifurcated into solutions and services. Edge AI software solutions integrate machine learning and edge computing technology so as to derive crucial insights without costly analysis, thereby boosting the growth of solutions segment through 2024. On the basis of data source, global edge AI software market can be segmented into video & image recognition, speech recognition, biometric data, mobile data and sensor data. Video & image recognition led the market in 2018 and the trend is expected to continue during forecast period as edge AI software is used to analyze images and videos, locally on the devices. Edge artificial intelligence software caters to various end user segments such as government, manufacturing, IT & telecom, automotive, energy & utilities and others. Manufacturing and Energy & Utilities verticals acquired the largest shares in 2018 as the vertical includes technology driven operations, which depend on real-time insights.

Regionally, global edge AI software is gaining traction and expanding to various regions across the globe. North America is leading global edge AI software market and is likely to maintain its position during forecast period as well on account of high investments by public and private sectors in artificial intelligence and machine learning technologies in the economies of the region.

Major players operating in global edge AI software market include Google LLC, Amazon Web Services Inc., Microsoft Corp., Nutanix Inc., TIBCO Software Inc., IBM Corporation, Octonion SA, Anagog, Veea, among others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study:
• To analyze and forecast the market size of global Edge AI Software market.
• To classify and forecast global Edge AI Software market based on component, data source, application, end user, and regional distribution.
• To identify drivers and challenges for global Edge AI Software market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Edge AI Software market.
• To identify and analyze the profile of leading players operating in global Edge AI Software market.

SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of service providers across the globe. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI could include the service providers which could not be identified due to the limitations of secondary research. SDKI analyzed the service offerings and presence of all major service providers across the globe.

Edge AI Software Market Size Outlook By Share, Future Growth and Forecast 2022-2031
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