Global Edge AI Software Market Size is estimated to expand rapidly in coming years, at a CAGR of 27.8 % from 2018 to 2025. In 2017, the global market valuation was USD 0.45 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Edge AI means that AI algorithms are processed locally on a hardware device. The algorithms are using data that is created on the device. A device using edge AI does not need to be connected to an external device in order to work properly, it can process data and take decisions according to the situation. According to the research and our analysis, North America is expected to be the highest growing segment in the global market of edge AI market.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global edge AI software market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global edge AI software market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Application Type Insights: On the basis of application type, global edge AI software market has been segmented into autonomous vehicles, access management, video surveillance, remote monitoring & predictive maintenance, telemetry. Among which autonomous segment is expected highest growing segment in the global market of edge AI software. Edge AI plays a crucial role in the autonomous vehicle segment. The AI in a self-driving vehicle runs a local processor and makes a virtual design of what next action should be taken. Using AI-based autonomous vehicles, automakers can evaluate the driving designs and help reduce road accidents.

By Component Insights: On the basis of the component device, global edge AI software market has been segmented into solution and services. Among which services segment is expected to be the highest segment in the global market of edge AI software. Services provided by edge AI will allow real-time operations including data creation, decision, and action where milliseconds matter. Real-time operations are important for self-driving cars, robots, and many other areas. With the help of edge A, software power consumption can be reduced and battery life could be improved in wearable devices.

Regional Analysis

The edge AI software market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in upcoming time span due to high investments by private and public sectors for increasing their AI and machine learning technologies. Technical advancements and government’s spending on AI-based technologies are expected to uplift the global edge AI software market in the forecast period. North America region is considered as a key manufacturer of AI-based robots and vehicle which in order, impact the global market in the forecast period. Asia Pacific region is expected to witness high growth in the market in the forecast period. China, India, and Japan are considered as key countries in the adoption of AI and machine learning, which dominates the highest share in the global market. Europe is anticipated to dominate the global edge AI software market over the projected period majorly owing to high demand from the manufacturing sector, presence of key vendors in the region, and growing investments in data management strategies and highly cost-effective business strategies.

Global Edge AI Software Market Size, Share Analysis by Region 2017

Global Edge AI Software Market Study Objective

1. To forecast the market size of edge AI software market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of edge AI software market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of edge AI software market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of edge AI software market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the edge AI software market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

IBM, Google, Microsoft, AWS, Nutanix, TIBCO, Octonion, SWIM.AI, Imagimob, Anagog, Foghorn Systems, XNOR.AI, Bragi, Invision.AI, Tact.ai, and Veea Systems are some of the key players in the market of edge AI software.

Global Edge AI Software Market Study Report Offer You!

The global edge AI software market study report gives an idea about market size, share, stock, equity, investment, and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities, and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review, and market prediction & projection to develop effective strategies for optimizing their market position.