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Global Edge AI Software Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 9/22/2022
  • NO OF PAGES
  • 208
  • CATEGORY
  • Information Technology

Market Overview:

The Edge AI software market is a rapidly growing industry that focuses on the development of artificial intelligence applications and solutions at the edge of networks. This technology enables the processing and analysis of data closer to the source, which reduces latency and improves efficiency. The Edge AI software market is driven by the increasing demand for real-time data processing, the growing adoption of IoT devices, and the emergence of 5G networks. The applications of edge AI software are diverse, ranging from autonomous vehicles and drones to smart factories and healthcare systems. Edge AI software also has the potential to transform industries such as retail, energy, and agriculture. The market is highly competitive, with major players such as Google, Microsoft, and IBM investing heavily in the development of edge AI software. As the demand for edge AI software continues to increase, the market is expected to experience significant growth in the coming years.

Rise of edge computing to bolster the edge AI software market growth

The Edge AI software market is growing rapidly due to several driving factors. One of the key factors is the increasing adoption of edge computing technology. Edge computing enables data processing and analysis to be done closer to the source of data, which reduces latency and improves the overall performance of AI applications. This is particularly important for applications that require real-time processing, such as autonomous vehicles and industrial automation. Another driving factor is the increasing demand for AI applications in various industries, such as healthcare, retail, and manufacturing. Edge AI software enables these industries to collect and analyze data in real-time, which can be used to optimize processes and improve decision-making. For example, in healthcare, edge AI software can be used to monitor patient health and provide early warning alerts for potential health issues. The rise of Internet of Things (IoT) devices is also driving the growth of the Edge AI software market. IoT devices generate vast amounts of data, which can be processed and analyzed using edge AI software. This enables businesses to gain valuable insights from IoT data and make data-driven decisions. Moreover, the increasing adoption of cloud computing technology is also driving the Edge AI software market. Cloud computing provides a scalable and cost-effective way to store and process data, which complements the capabilities of edge computing. By using a combination of edge and cloud computing, businesses can take advantage of the benefits of both technologies and create powerful AI applications. In conclusion, the Edge AI software market is being driven by the increasing adoption of edge computing technology, the demand for AI applications in various industries, the rise of IoT devices, and the adoption of cloud computing technology. These factors are expected to continue driving the growth of the Edge AI software market in the coming years.


Segmentation:

By Type:

·         Solution

·         Services

By Application:

·         Autonomous Vehicles

·         Access Management

·         Video Surveillance

·         Remote Monitoring & Predictive Maintenance

·         Telemetry

·         Others

 

Geography:

It is expected that North America will dominate the Edge AI software market in the coming years. The region is witnessing significant adoption of Edge AI technologies, driven by the presence of major tech giants and the availability of advanced infrastructure. Additionally, the rise in investments in research and development activities, as well as the increasing adoption of IoT devices in various industries, is driving the growth of the market in this region. The Asia Pacific region is also expected to witness significant growth in the Edge AI software market due to the increasing adoption of smart technologies and the rising demand for advanced analytics solutions. Furthermore, the region is witnessing significant growth in industries such as healthcare, automotive, and manufacturing, which are expected to drive the demand for Edge AI software solutions.

 

Impact of COVID-19 on the global Edge AI Software Market:

The COVID-19 pandemic has significantly impacted the Edge AI software market. The pandemic has disrupted supply chains and slowed down manufacturing activities, leading to delays in the production and delivery of Edge AI software products. Additionally, the pandemic has forced organizations to adopt remote working, which has resulted in the increased demand for Edge AI software to support remote operations. On the demand side, the pandemic has resulted in a surge in the adoption of Edge AI software in healthcare, retail, and manufacturing sectors. In healthcare, Edge AI software is being used to develop contactless healthcare solutions, such as remote patient monitoring, which helps reduce the spread of the virus. In the retail sector, Edge AI software is being used to manage inventory and to implement contactless payments. In the manufacturing sector, Edge AI software is being used to optimize production processes and to reduce labor costs.

 

Despite the challenges brought by the pandemic, the Edge AI software market is expected to grow significantly in the coming years. The increasing demand for real-time data analysis, the rise of IoT devices, and the growing need for automation and intelligent decision-making are the key factors driving the growth of the Edge AI software market. Furthermore, the adoption of 5G technology is expected to accelerate the growth of Edge AI software as it enables faster data transfer and analysis at the edge.

 

Impact of the Russia-Ukraine War on the global Edge AI Software Market:

As of now, there is no clear evidence to suggest that the ongoing Russia-Ukraine conflict has had a direct impact on the Edge AI software market. However, it is worth noting that any significant disruptions to global supply chains or geopolitical instability can have ripple effects across industries and markets, including the technology sector. Companies may face challenges in sourcing components and materials, as well as disruptions in shipping and logistics. Additionally, changes in government regulations and policies may affect the ability of companies to operate in certain regions or access certain markets. Therefore, while it is difficult to predict the exact impact of the Russia-Ukraine conflict on the Edge AI software market, it is important for industry stakeholders to closely monitor the situation and remain agile in response to any potential changes or disruptions.

 

Company Profiles:

·         NVIDIA Corporation

·         Intel Corporation

·         Qualcomm Technologies, Inc.

·         IBM Corporation

·         Microsoft Corporation

·         Amazon Web Services, Inc.

·         Google LLC

·         Xilinx, Inc.

·         Arm Limited

·         Samsung Electronics Co., Ltd.

·         Advantech Co., Ltd.

·         NXP Semiconductors N.V.

·         Cisco Systems, Inc.

·         Huawei Technologies Co., Ltd.

·         Infineon Technologies AG


Global Edge AI Software Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Edge AI Software market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Global Edge AI Software Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

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Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Edge AI Software Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Edge AI Software
1.3 Edge AI Software Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Edge AI Software
1.4.2 Applications of Edge AI Software
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 Veea Inc. Market Performance Analysis
3.1.1 Veea Inc. Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Veea Inc. Sales, Value, Price, Gross Margin 2016-2021
3.2 Imagimob AB Market Performance Analysis
3.2.1 Imagimob AB Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Imagimob AB Sales, Value, Price, Gross Margin 2016-2021
3.3 In Vision AI Market Performance Analysis
3.3.1 In Vision AI Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 In Vision AI Sales, Value, Price, Gross Margin 2016-2021
3.4 Anagog Ltd Market Performance Analysis
3.4.1 Anagog Ltd Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Anagog Ltd Sales, Value, Price, Gross Margin 2016-2021
3.5 TIBCO Software Inc. Market Performance Analysis
3.5.1 TIBCO Software Inc. Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 TIBCO Software Inc. Sales, Value, Price, Gross Margin 2016-2021
3.6 Tact.ai Technologies Inc. Market Performance Analysis
3.6.1 Tact.ai Technologies Inc. Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Tact.ai Technologies Inc. Sales, Value, Price, Gross Margin 2016-2021
3.7 Microsoft Corporation Market Performance Analysis
3.7.1 Microsoft Corporation Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Microsoft Corporation Sales, Value, Price, Gross Margin 2016-2021
3.8 IBM Market Performance Analysis
3.8.1 IBM Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 IBM Sales, Value, Price, Gross Margin 2016-2021
3.9 Amazon Web Services (AWS) Market Performance Analysis
3.9.1 Amazon Web Services (AWS) Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Amazon Web Services (AWS) Sales, Value, Price, Gross Margin 2016-2021
3.10 Foghorn Systems, Inc. Market Performance Analysis
3.10.1 Foghorn Systems, Inc. Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Foghorn Systems, Inc. Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Edge AI Software Production and Value by Type
4.1.1 Global Edge AI Software Production by Type 2016-2021
4.1.2 Global Edge AI Software Market Value by Type 2016-2021
4.2 Global Edge AI Software Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Solution Market Production, Value and Growth Rate
4.2.2 Services Market Production, Value and Growth Rate
4.3 Global Edge AI Software Production and Value Forecast by Type
4.3.1 Global Edge AI Software Production Forecast by Type 2021-2026
4.3.2 Global Edge AI Software Market Value Forecast by Type 2021-2026
4.4 Global Edge AI Software Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Solution Market Production, Value and Growth Rate Forecast
4.4.2 Services Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Edge AI Software Consumption and Value by Application
5.1.1 Global Edge AI Software Consumption by Application 2016-2021
5.1.2 Global Edge AI Software Market Value by Application 2016-2021
5.2 Global Edge AI Software Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Access Management Market Consumption, Value and Growth Rate
5.2.2 Video Surveillance Market Consumption, Value and Growth Rate
5.2.3 Autonomous Vehicles Market Consumption, Value and Growth Rate
5.2.4 Remote Monitoring & Predictive Maintenance Market Consumption, Value and Growth Rate
5.2.5 Telemetry Market Consumption, Value and Growth Rate
5.3 Global Edge AI Software Consumption and Value Forecast by Application
5.3.1 Global Edge AI Software Consumption Forecast by Application 2021-2026
5.3.2 Global Edge AI Software Market Value Forecast by Application 2021-2026
5.4 Global Edge AI Software Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Access Management Market Consumption, Value and Growth Rate Forecast
5.4.2 Video Surveillance Market Consumption, Value and Growth Rate Forecast
5.4.3 Autonomous Vehicles Market Consumption, Value and Growth Rate Forecast
5.4.4 Remote Monitoring & Predictive Maintenance Market Consumption, Value and Growth Rate Forecast
5.4.5 Telemetry Market Consumption, Value and Growth Rate Forecast

6 Global Edge AI Software by Region, Historical Data and Market Forecasts
6.1 Global Edge AI Software Sales by Region 2016-2021
6.2 Global Edge AI Software Market Value by Region 2016-2021
6.3 Global Edge AI Software Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Edge AI Software Sales Forecast by Region 2021-2026
6.5 Global Edge AI Software Market Value Forecast by Region 2021-2026
6.6 Global Edge AI Software Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2026
7.1 United State Edge AI Software Value and Market Growth 2016-2021
7.2 United State Edge AI Software Sales and Market Growth 2016-2021
7.3 United State Edge AI Software Market Value Forecast 2021-2026

8 Canada Market Size Analysis 2016-2026
8.1 Canada Edge AI Software Value and Market Growth 2016-2021
8.2 Canada Edge AI Software Sales and Market Growth 2016-2021
8.3 Canada Edge AI Software Market Value Forecast 2021-2026

9 Germany Market Size Analysis 2016-2026
9.1 Germany Edge AI Software Value and Market Growth 2016-2021
9.2 Germany Edge AI Software Sales and Market Growth 2016-2021
9.3 Germany Edge AI Software Market Value Forecast 2021-2026

10 UK Market Size Analysis 2016-2026
10.1 UK Edge AI Software Value and Market Growth 2016-2021
10.2 UK Edge AI Software Sales and Market Growth 2016-2021
10.3 UK Edge AI Software Market Value Forecast 2021-2026

11 France Market Size Analysis 2016-2026
11.1 France Edge AI Software Value and Market Growth 2016-2021
11.2 France Edge AI Software Sales and Market Growth 2016-2021
11.3 France Edge AI Software Market Value Forecast 2021-2026

12 Italy Market Size Analysis 2016-2026
12.1 Italy Edge AI Software Value and Market Growth 2016-2021
12.2 Italy Edge AI Software Sales and Market Growth 2016-2021
12.3 Italy Edge AI Software Market Value Forecast 2021-2026

13 Spain Market Size Analysis 2016-2026
13.1 Spain Edge AI Software Value and Market Growth 2016-2021
13.2 Spain Edge AI Software Sales and Market Growth 2016-2021
13.3 Spain Edge AI Software Market Value Forecast 2021-2026

14 Russia Market Size Analysis 2016-2026
14.1 Russia Edge AI Software Value and Market Growth 2016-2021
14.2 Russia Edge AI Software Sales and Market Growth 2016-2021
14.3 Russia Edge AI Software Market Value Forecast 2021-2026

15 China Market Size Analysis 2016-2026
15.1 China Edge AI Software Value and Market Growth 2016-2021
15.2 China Edge AI Software Sales and Market Growth 2016-2021
15.3 China Edge AI Software Market Value Forecast 2021-2026

16 Japan Market Size Analysis 2016-2026
16.1 Japan Edge AI Software Value and Market Growth 2016-2021
16.2 Japan Edge AI Software Sales and Market Growth 2016-2021
16.3 Japan Edge AI Software Market Value Forecast 2021-2026

17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Edge AI Software Value and Market Growth 2016-2021
17.2 South Korea Edge AI Software Sales and Market Growth 2016-2021
17.3 South Korea Edge AI Software Market Value Forecast 2021-2026

18 Australia Market Size Analysis 2016-2026
18.1 Australia Edge AI Software Value and Market Growth 2016-2021
18.2 Australia Edge AI Software Sales and Market Growth 2016-2021
18.3 Australia Edge AI Software Market Value Forecast 2021-2026

19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Edge AI Software Value and Market Growth 2016-2021
19.2 Thailand Edge AI Software Sales and Market Growth 2016-2021
19.3 Thailand Edge AI Software Market Value Forecast 2021-2026

20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Edge AI Software Value and Market Growth 2016-2021
20.2 Brazil Edge AI Software Sales and Market Growth 2016-2021
20.3 Brazil Edge AI Software Market Value Forecast 2021-2026

21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Edge AI Software Value and Market Growth 2016-2021
21.2 Argentina Edge AI Software Sales and Market Growth 2016-2021
21.3 Argentina Edge AI Software Market Value Forecast 2021-2026

22 Chile Market Size Analysis 2016-2026
22.1 Chile Edge AI Software Value and Market Growth 2016-2021
22.2 Chile Edge AI Software Sales and Market Growth 2016-2021
22.3 Chile Edge AI Software Market Value Forecast 2021-2026

23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Edge AI Software Value and Market Growth 2016-2021
23.2 South Africa Edge AI Software Sales and Market Growth 2016-2021
23.3 South Africa Edge AI Software Market Value Forecast 2021-2026

24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Edge AI Software Value and Market Growth 2016-2021
24.2 Egypt Edge AI Software Sales and Market Growth 2016-2021
24.3 Egypt Edge AI Software Market Value Forecast 2021-2026

25 UAE Market Size Analysis 2016-2026
25.1 UAE Edge AI Software Value and Market Growth 2016-2021
25.2 UAE Edge AI Software Sales and Market Growth 2016-2021
25.3 UAE Edge AI Software Market Value Forecast 2021-2026

26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Edge AI Software Value and Market Growth 2016-2021
26.2 Saudi Arabia Edge AI Software Sales and Market Growth 2016-2021
26.3 Saudi Arabia Edge AI Software Market Value Forecast 2021-2026

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

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Case Study- ICT Sector

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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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