According to the recent study the edge AI software market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 28% to 30% from 2023 to 2028. Growth in this market is primarily driven by increasing enterprise workload on cloud and rapid growth in number of intelligent applications.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in edge AI software market by component (solutions and services), data source (video & image recognition, iris & facial data, sensor data, mobile data, and speech recognition), organization size (large enterprises and SMEs), deployment mode (on-premise and cloud), end use industry (government & public sector, manufacturing, healthcare & life science, energy & utility, telecom, media & entertainment, and transportation & logistic), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Solutions market is expected to remain the largest segment during the forecast period.”
Based on component, the edge AI software market is segmented into solutions and services. Lucintel forecasts that the solutions market is expected to remain the largest segment due to the growing business need for standalone and integration edge AI solutions and increasing usage of edge AI to automate entire business decisions that need human involvement.
“Within the edge AI software market, the mobile data segment is expected to remain the largest data source”
Based on data source the mobile data segment is expected to witness the highest growth over the forecast period due to the increasing demand for computation in mobile applications to support customers' escalating use of computationally intensive mobile applications like virtual reality and real-time online gaming.
“North America will dominate the edge AI software market in near future”
North America will remain the largest region due to the increasing IoT (Internet of Things) developments fuelled by AI for intelligent systems and smart applications, increasing use of edge AI computing in the forthcoming 5G network, and rising intelligent device launches & collaboration with other companies in the region's edge AI software market.
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Major players of edge AI software market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Microsoft, IBM, Google, AWS, Nutanix, Synaptics, and TIBCO are among the major edge AI software providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/edge-ai-software-market.aspx or [email protected]