Edge Artificial Intelligence Software Market Size – USD 585.1 Million in 2020, Market Growth – at a CAGR of 20.1%, Market Trends – Rising need for real-time operations

The report clearly defines the Edge AI Software market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Edge AI Software industry.

Global edge Artificial Intelligence software market revenue growth is expected to be driven by increasing number of AI applications, rapid introduction of 5G network globally, and rising demand for real-time operations, which are crucial for robotics and self-driving vehicles. However, concerns regarding privacy and security of edge AI software is expected to hamper growth of the global edge AI software market to a certain extent over the forecast period.

The Global Edge Artificial Intelligence Software Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period.

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Key Market Dynamics: The global Edge Artificial Intelligence Software market research report details on the ongoing market trends, development outlines, and several research methodologies. It illustrates the key factors that directly manipulate the market, for instance, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes within the product profiles could result in huge disruptions to the above-mentioned factors. Each of these factors has been elaborately discussed in the initial segment of the study.

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Some Key Highlights From the Report

The solution segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing adoption of edge AI software across various industries due to high flexibility and support provided by edge AI solutions is expected to boost revenue growth of this segment going ahead.
The video surveillance segment is expected to lead in terms of revenue over the forecast period due to increasing adoption of edge AI software for video surveillance to enhance surveillance and tracking while decreasing the quantity of data transferred to the cloud.
The telecom segment is expected to lead in terms of revenue over the forecast period due to increasing adoption of edge AI software among telecom companies to manage mobile generated data for business process.
Factors such as increasing strategic alliances among major IT companies to develop advanced edge AI software in countries in North America is expected to drive growth of the market in the region during the forecast period.
Key players in the market include Microsoft Corporation, Alphabet Inc., Nutanix, Inc., International Business Machines Corporation, Synaptics Incorporated, Bragi GmbH, TIBCO Software Inc., FogHorn Systems, Inc., Invision AI Inc., and Amazon Web Services.
The findings of the report explain various aspects of the market, such as market status, developmental prospects, key regional segments, renowned market players, product offerings, end-use industries.

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Geographical Terrain of the Global Edge Artificial Intelligence Software  Market:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
The global Edge Artificial Intelligence Software  market is segmented based on product types offered in the market, their applications, end-user industries, different types of technologies, and key regions of the market.

Component Outlook (Revenue, USD Million; 2018–2028)
Services
Solutions
Data Source Outlook (Revenue, USD Million; 2018–2028)
Mobile Data
Biometric Data
Video & Image Recognition
Sensor Data
Speech Recognition
Application Outlook (Revenue, USD Million; 2018–2028)
Video Surveillance
Telemetry
Autonomous Vehicles
Remote Monitoring
Field Service Support
Energy Management
Smart Wearables
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Key Questions You Asked:

What is the growth rate of the Edge Artificial Intelligence Software market? What is the anticipated market valuation of the Edge Artificial Intelligence Software  industry by 2028?
What are the key growth driving and restraining factors of the Edge Artificial Intelligence Software market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Edge Artificial Intelligence Software industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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