Edge AI Software Market to Grow at 25% through 2024
Increasing implementation of
edge AI software in various end user industries such as manufacturing, energy
& utilities, government and IT & telecom to drive global edge AI
software market through 2024
According to
TechSci Research report, “Global Edge AI Software Market By Component, By Data
Source, By Application, By End User, By Region, Competition, Forecast &
Opportunities, 2024”, the global edge AI software market
is expected to witness a CAGR of 25% during 2019 - 2024 on account of increasing
number of intelligent apps and growing security concerns across the globe.
Moreover, surging demand for quick response time and minimum latency is further
bolstering the growth of global edge AI software market. Additionally, the
advent of 5G so as to bring IT and telecom together along with increasing
adoption of software in autonomous vehicle is anticipated to positively
influence growth of the market through 2024.
Browse 20 market data Tables and 114 Figures spread through 110 Pages and an in-depth TOC
on " Global Edge AI Software Market "
https://www.techsciresearch.com/report/edge-ai-software-market/3927.html
Global edge AI software
market can be segmented based on component, data source, application, end user
and region. Based on solution, the market can be segmented into software and platform,
of which platform segment is anticipated to grow at a high rate as it allows
users to extract actionable insights in real-time from data generated at the
edge and enhance customer experience. Based on the application, the market can
be segmented into access management, video surveillance, remote monitoring and
predictive maintenance and others. Increasing requirement to monitor, track and
diagnose machines is anticipated to fuel demand for remote monitoring and
predictive maintenance segment through 2024.
Google LLC,
Amazon Web Services Inc., Microsoft Corp., Nutanix Inc., TIBCO Software Inc.,
IBM Corporation, Octonion SA, Anagog, Veea, are among the leading players
operating in global edge AI software market. Companies operating in the market
are using organic strategies such as product launches, mergers and
collaborations in order to register positive growth in the market. In 2018,
Nutanix launched, Xi Cloud services, to offer a unified fabric across different
cloud environments. In the same year, Microsoft Corp. collaborated with
Qualcomm Technologies in order to develop AI developer kit that combines edge,
IoT and AI.
Download Sample Report @
https://www.techsciresearch.com/sample-report.aspx?cid=3927
Customers can also request for 10% free
customization on this report.
“North
America accounts for a significant share in the global edge AI software market
owing to increasing spending by the governments in the region on data
management strategies as well as due to presence of leading players in the
region. However, Asia-Pacific is anticipated to grow at the fastest pace due to
rising number of start-ups in this domain and surging adoption of AI technology
among various end-use verticals.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Edge AI Software Market By Component, By
Data Source, By Application, By End User, By Region, By Company, Competition,
Forecast & Opportunities, 2024” has evaluated
the future growth potential of global edge AI software market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global edge AI software market.
About TechSci Research
TechSci
Research is a leading global market research firm publishing premium market
research reports. Serving 700 global clients with more than 600 premium market
research studies, TechSci Research is serving clients across 11 different
industrial verticals. TechSci Research specializes in research based consulting
assignments in high growth and emerging markets, leading technologies and niche
applications. Our workforce of more than 100 fulltime Analysts and Consultants
employing innovative research solutions and tracking global and country
specific high growth markets helps TechSci clients to lead rather than follow
market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]