Edge AI Software Market: Growth Opportunity | Alphabet Inc, Microsoft Corporation, IBM Corporation, AI Inc

According to the report, the global edge AI software market size is expected to reach $4,078.1 Million by 2028 growing at the CAGR of 27.21% from 2021 to 2028. This growth is attributed to Edge AI software moving computational resources to the network's edge, allowing applications to operate with low latency and high bandwidth. Edge AI software is becoming more popular among businesses as it supports important AI applications like autonomous vehicles and robots. Edge AI software is expected to expand in popularity. The information gathered may be inconsistent and various sensing contexts and sensor heterogeneity are two elements that would hinder the market growth. The primary factors driving market development are increased workloads in cloud-based companies and rapid development in a variety of sophisticated applications. The growing use of edge AI software in autonomous vehicle applications may provide growth opportunities for market edge AI software merchants.

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The recently published research report on Global Edge AI Software Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Edge AI Software market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Edge AI Software market report also includes the following data points:
• COVID19 Impact on Edge AI Software market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Edge AI Software market

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Key Players
Some of the major Edge AI Software players holding high market share include Alphabet Inc, Microsoft Corporation, IBM Corporation, AI Inc. These players use partnership and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Alphabet Inc
• Microsoft Corporation
• IBM Corporation
• AI Inc
• Nutanix
• Veea Inc
• Imagimob
• Reality Analytics Inc
• Bragi
• TIBCO Software Inc

Segmental Analysis
Market Segment By Component with focus on market share, consumption trend, and growth rate of Edge AI Software Market:
o Solutions
o Services

Market Segment By Data Source with focus on market share, consumption trend, and growth rate of Edge AI Software Market:
o Video and Image Recognition
o Speech Recognition
o Biometric Data
o Sensor Data
o Others

Market Segment By Application with a focus on market share, consumption trend, and growth rate of Edge AI Software Market:
o Autonomous Vehicles
o Access Management
o Video Surveillance
o Remote Monitoring and Predictive Maintenance
o Telemetry
o Energy Management
o Others

Market Segment By End Use with a focus on market share, consumption trend, and growth rate of Edge AI Software Market:
o Government and Public
o Manufacturing
o Energy and Utilities
o Automotive
o Telecom
o Healthcare
o Others

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Global Edge AI Software Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

North America is a big revenue generator in the edge AI software industry. In the market domain, the indicated region is seeing considerable progress. Several AI service providers in North America are experimenting with the Edge AI software market by combining machine learning and artificial intelligence (AI) capabilities into their existing edge AI solutions. They're also embracing a variety of development approaches to strengthen their position in the cutting-edge AI software market.

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