New York, According to a new market research report published by Global Insight Services “Egde Artifical Intelligence (AI) Software Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Edge AI software is a platform that enables developers to build and deploy AI applications at the edge. The software provides a set of tools that allow developers to train and deploy models on devices at the edge, without the need for a cloud connection. The software also includes a set of libraries that provide access to hardware accelerators, such as GPUs and FPGAs, that can be used to improve the performance of AI applications.
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Key Trends
There are three key trends in AI software technology:
1. The increasing use of AI in business applications:
AI is being used more and more in business applications, such as customer service, sales, marketing, and product development. Businesses are using AI to automate tasks, improve decision-making, and better understand and serve their customers.
2. The increasing use of AI in consumer applications:
Consumer applications of AI are becoming more popular, such as personal assistants, chatbots, and recommendations. Consumers are using AI to save time, get help with tasks, and find new products and services.
3. The increasing use of AI in government and military applications:
Government and military organizations are using AI for a variety of tasks, such as intelligence analysis, counterterrorism, and border security. AI is being used to automate tasks, improve decision-making, and better understand and respond to threats.
Key Drivers
There are four key drivers of the Edge AI software market:
1. Increasing demand for real-time data processing: The increasing demand for real-time data processing is one of the key drivers of the Edge AI software market.
2. Reducing latency and bandwidth requirements: Another key driver of the Edge AI software market is the need to reduce latency and bandwidth requirements.
3. Enhancing security and privacy: Security and privacy are important considerations for any AI system. Edge AI software can help to enhance security and privacy by keeping data local and processing it on-device.
Market Segments
The edge artificial intelligence software market is segmented by component, application, end-user, and region. By component, the market is classified into solutions, and services, Based on the application, it is bifurcated into autonomous vehicles, access management, video surveillance, remote monitoring and predictive maintenance, and others. On the basis of the end-user, it is divided into government & public, manufacturing, healthcare, automotive, IT & telecom, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.
Key Players
The edge artificial intelligence software market includes players such as Alphabet Inc., Microsoft Corporation, IBM Corporation, Amazon Web Services Inc., Nutanix, Synaptics Incorporated, Swim.AI Inc., Imagimob AB, Anagog Ltd., Tibco Software Inc., and others.
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Reasons to buy Egde Artifical Intelligence (AI) Software Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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