The global edge Artificial Intelligence (AI) software market size reached USD 585.1 Million in 2020 and is expected to register a CAGR of 20.1%, during the forecast period, according to latest analysis by Emergen Research. Global edge Artificial Intelligence software market revenue growth is expected to be driven by increasing number of AI applications, rapid introduction of 5G network globally, and rising demand for real-time operations, which are crucial for robotics and self-driving vehicles.
The Edge Artificial Intelligence (AI) Software Market Report gives a complete coverage of the strategic alliances along with mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, amongst others. Key strategic alliances for product improvement and advancements is predicted to feature traction to market increase going ahead. The report additionally covers an in-depth analysis of the important thing competition of the market along with their increase techniques and business expansion plans.
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Further key findings from the report suggest
- The solution segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing adoption of edge AI software across various industries due to high flexibility and support provided by edge AI solutions is expected to boost revenue growth of this segment going ahead.
- The video & image recognition segment is expected to lead in terms of revenue over the forecast period due to increasing adoption of edge AI software for video & image recognition across various industries.
- The video surveillance segment is expected to lead in terms of revenue over the forecast period due to increasing adoption of edge AI software for video surveillance to enhance surveillance and tracking while decreasing the quantity of data transferred to the cloud.
- The telecom segment is expected to lead in terms of revenue over the forecast period due to increasing adoption of edge AI software among telecom companies to manage mobile generated data for business process.
Have a look at Report Description and Table of Contents of Market Report @https://www.emergenresearch.com/industry-report/edge-artificial-intelligence-software-market
Report Objective:
The report offers a complete analysis of the global Edge Artificial Intelligence (AI) Software market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. Microsoft Corporation, Alphabet Inc., Nutanix, Inc., International Business Machines Corporation, Synaptics Incorporated, Bragi GmbH, TIBCO Software Inc., FogHorn Systems, Inc., Invision AI Inc., and Amazon Web Services. and others are some of the top companies profiled in the report.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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Emergen Research has segmented the global edge AI software market on the basis of component, data source, application, end-use, and region:
Component Outlook (Revenue, USD Million; 2018–2028)
- Services
- Solutions
Data Source Outlook (Revenue, USD Million; 2018–2028)
- Mobile Data
- Biometric Data
- Video & Image Recognition
- Sensor Data
- Speech Recognition
Application Outlook (Revenue, USD Million; 2018–2028)
- Video Surveillance
- Telemetry
- Autonomous Vehicles
- Remote Monitoring
- Field Service Support
- Energy Management
- Smart Wearables
- Precision Agriculture
- Predictive Maintenance
- Access Management
- Point of Sales
- Augmented Reality & Virtual Reality
- Others
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Edge Artificial Intelligence (AI) Software market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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