Global Edge Artificial Intelligence
(AI) Software market is expected to grow at a CAGR of over 20% during forecast
period 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 and end user.
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 is anticipated to grow 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.
Energy and utilities vertical is expected to acquire the dominant share during
forecast period as the vertical includes technology driven operations which
depend on real-time insights to provide monitoring.
Regionally, global edge AI software
is gaining traction and expanding to various regions including Asia-Pacific,
North America, Europe, South America and Middle East & Africa. 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.
The major players operating in global
edge AI software market include Microsoft Corp., IBM Corporation, Amazon Web
Services, Nutanix, TIBCO Software Inc., Octonion, Swim.AI, Imagimob, 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.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
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 conduct pricing analysis for global Edge AI
Software market.
- To identify and analyze the profile of leading
players operating in global Edge AI Software market.
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Some of the leading players in global Edge AI Software market
are Microsoft Corp., IBM
Corporation, Amazon Web Services, Nutanix, TIBCO Software Inc., Octonion, Swim.AI,
Imagimob, Anagog, Veea, among others.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service offerings, distribution channels and presence of all
major service providers across the globe.
TechSci Research calculated the market size of global Edge AI Software market using a bottom-up approach, wherein data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Edge AI Software service
providers
- Research organizations and
consulting companies
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to Edge AI Software
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers and partners, end users, etc., besides allowing them
in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global Edge AI
Software market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Market, By Component:
- Solutions
- Services
- Training & consulting
- Integration
- Support & maintenance
- Market, By Data Source:
- Video & Image Recognition
- Speech Recognition
- Biometric data
- Mobile data
- Sensor data
- Market, By Application:
- Access Management
- Video Surveillance
- Remote Monitoring & Predictive Maintenance
- Others
- Market, By End User:
- Energy & Utilities
- Automotive
- Government
- Manufacturing
- IT & Telecom
- Others
- Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- United Kingdom
- Germany
- Italy
- France
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global Edge AI Software market.
Available
Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players
(up to five).
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
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be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com