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Global Edge AI Software Market to Witness a Pronounce Growth During 2024– Top Key players like IBM,Microsoft,TIBCO,Inc.
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Edge AI software enables aggregation, processing, computation, and analysis of data present near or on the edge devices by leveraging AI and IoT technologies. The software helps to process data on edge nodes even in remote and decentralized networks, without cloud connectivity.
Integrating AI with IoT in edge devices helps enterprises to minimize latency, reduce bandwidth, lessen threats, avoid duplication, improve reliability, and maintain compliance. Moreover, edge AI software solutions enable an organization to utilize the computing resources in an optimal manner, minimize the bandwidth required to execute the solution, and lower the latency in particular response time.
The amount of IoT devices deployed worldwide is exploding across all industries and cloud computing is overwhelmed with challenges that prevent IoT from scaling. For this reason, the center of data production and computing is transitioning from the cloud to the edge creating the need of IoT devices with a small but power efficient footprint.
The potential of AI at the edge is vast. A report from Tractica estimates that AI edge device shipments will increase from 161.4 million units in 2018 to 2.6 billion units worldwide annually by 2025. The top AI-enabled edge devices, in terms of unit volumes, will include mobile phones, smart speakers, PCs/tablets, head-mounted displays, automotive sensors, drones, consumer and enterprise robots, and security cameras. There will also be more AI incorporated into wearable health sensors, building or facility sensors, and networks of sensors planted around facilities or entire cities. Artificial intelligence (AI)，a rapidly emerging force, is taking computing at the edge to a whole new level, in which insights and analysis are provided on the spot, in real-time. With the IoT now front and center of business and technology strategies, the ability to analyze data streaming through edge computing devices and systems means a significant improvement in visibility and awareness of events across a network.
According to this study, over the next five years the Edge AI Software market will register a 25.7% CAGR in terms of revenue, the global market size will reach US$ 1087.7 million by 2024, from US$ 346.5 million in 2019. In particular, this report presents the global revenue market share of key companies in Edge AI Software business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
IBM
Microsoft
Intel
TIBCO
Cloudera
Nutanix
Foghorn Systems
SWIM.AI
Anagog
Tact.ai
Bragi
XNOR.AI
Octonion
Veea Inc
Imagimob
Market Segment by Type, covers
Software Tools
Platforms
Market Segment by Applications, can be divided into
Autonomous Vehicles
Access Management
Video Surveillance
Remote Monitoring & Predictive Maintenance
Telemetry
Others
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Related Information:
North America Edge AI Software Market Growth 2019-2024
United States Edge AI Software Market Growth 2019-2024
Asia-Pacific Edge AI Software Market Growth 2019-2024
Europe Edge AI Software Market Growth 2019-2024
EMEA Edge AI Software Market Growth 2019-2024
Global Edge AI Software Market Growth 2019-2024
China Edge AI Software Market Growth 2019-2024
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