Edge Artificial Intelligence (AI) Software Market size growth analysis by revenue, share, scenario on latest trends and forecast 2021-2031

Global Edge Artificial Intelligence (AI) Software Market report from Global Insight Services is the single authoritative source of intelligence on Edge Artificial Intelligence (AI) Software Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. 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.

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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.

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.

  1. 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.

  1. 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.
  4. reducing costs: One of the key drivers of the Edge AI software market is the need to reduce costs. Cloud-based AI services can be expensive, especially if data needs to be transmitted to the cloud for processing.

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Restraints & Challenges

Edge AI software is still in its early stages of development and is thus subject to a number of key restraints and challenges.

Firstly, the technology is still not mature enough to be widely adopted and is thus limited to early adopters and niche applications.

Secondly, edge AI software is often more expensive than traditional AI software, making it less accessible to many organizations.

Finally, edge AI software can be difficult to implement and manage, requiring specialized skills and knowledge.

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.

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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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