Edge AI software contains AI algorithms that process data and analyze at the end-devices, edge, or locally on a hardware device. In other words, AI algorithms are applied directly on a device that gathers data i.e., sensor data or signals. The Edge AI system uses accelerometer data in real-time as input to the AI algorithm that detects the fall.
MARKET DYNAMICS
The rise in the necessity for high connectivity, scalability, low power consumption, and reduced latency among diverse industries are some of the significant driving factors that increase demand for edge AI software market. However, security and privacy concerns related to edge AI solutions is the major factor which may restrain the growth of the edge AI software market. Moreover, the rapid growth in the number of intelligent applications and smart devices and the growing demand for device-side computation are anticipated to boost the growth of the edge AI software market.
MARKET SCOPE
The "Global Edge AI Software Market Analysis to 2028" is a specialized and in-depth study of the Edge AI software market with a special focus on the global market trend analysis. The report aims to provide an overview of Edge AI software market with detailed market segmentation by components, data sources, applications, verticals. The global Edge AI software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Edge AI software market players and offers key trends and opportunities in the Edge AI software market.
MARKET SEGMENTATION
The global Edge AI software market is segmented on the basis of components, data sources, applications, verticals. On the basis of component, the market is segmented as solutions, services. On the basis of data sources, the market is segmented as video and image recognition, speech recognition, biometric data, sensor data, mobile data. On the basis of applications, the market is segmented as autonomous vehicles, access management, video surveillance, remote monitoring and predictive maintenance, telemetry (location services), energy management, others. On the basis of vertical, the market is segmented as government and public, manufacturing, automotive, energy and utilities, telecom, healthcare, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Edge AI software market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Edge AI software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Edge AI software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Edge AI software market in these regions.
MARKET PLAYERS
The reports cover key developments in the Edge AI software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Edge AI software market are anticipated to lucrative growth opportunities in the future with the rising demand for Edge AI software market. Below mentioned is the list of few companies engaged in the Edge AI software market.
The report also includes the profiles of key Edge AI software market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- IBM
- Microsoft
- Amazon Web Services, Inc.
- Nutanix
- TIBCO Software Inc
- Octonion SA
- SWIM.AI inc.
- Imagimob AB
- Anagog Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.