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Edge Artificial Intelligence (AI) Software Market Size Worth USD 2,519.3 Million in 2028

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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.

Some Key Highlights From the Report

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.
Factors such as increasing strategic alliances among major IT companies to develop advanced edge AI software in countries in North America is expected to drive growth of the market in the region during the forecast period.
Key players in the market include 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.
In October 2019, FogHorn Systems, Inc. introduced a new Lightning Edge AI software functionality. Tools and upgrades for inspiring operations technology (OT) experts are among the functions. The modern drag-and-drop analytic software functionality and richer visualization dashboards allow OT personnel to draw insights from real-time data quite easily without any requirement of data science support.
pradipthakre06 835 days ago
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calendar Until 13/01/2022 00:00:00 expired

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