Japan Edge AI Market to grow at a CAGR of 20.0% from 2021-2030 | Valuates Reports

The Japan edge AI market size was valued at $7.79 billion in 2020 and is projected to reach $40.81 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 20.0% from 2021 to 2030. The edge AI market in Japan witnessed significant growth during COVID-19, owing to a surge in demand for industrial automation across the Country.

Edge artificial intelligence is an enhanced combination of edge computing and artificial intelligence commonly known as on-Device AI. By speeding up processes and making devices more energy efficient, AI edge computing technology is aimed to improve decision-making and improve the experience with hyper-personalization. Further, artificial intelligence-based edge computing algorithms in Japan are primarily run over hardware devices locally in edge-AI technologies.

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Owing to this, hardware-based intelligent compute applications provide superior insight to the user in real-time. This semiconductor-based edge AI hardware application is anticipated to aid the vendors to offer valuable fleet management solutions in Japan’s manufacturing and automotive sector, which is expected to drive the Japan edge AI market.

Moreover, the edge intelligence technology in Japan is witnessing a rise, owing to a significant increase in demand for intelligent applications in residential, healthcare, consumer electronics, and retail chains. In addition, coral AI is beneficial as it allows to process data in milliseconds rather than seconds in the cloud, providing with real-time data and decision-making skills for machine learning intelligence, which acts as a prime driving factor for the Japan edge AI market.

The Japan edge AI market share is expected to witness notable growth during the forecast period, owing to rise in enterprise workload on the cloud platforms. Furthermore, rise in demand and trends toward smart wearable devices drives the growth of the Japan edge AI market during the forecast period. In addition, surge in demand for the number of intelligent applications is expected to propel the Japan edge AI market analysis.

However, rise in privacy and security concerns related to edge AI solutions in Japan is expected to restrain the market growth. In addition, the emergence of the 5G network to bring IT and telecom together is anticipated to provide a lucrative opportunity for the growth of the Japan edge AI Industry.

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The emergence of COVID-19 has immensely affected the growth rate of edge AI technology across Japan in 2020. A high positive impact has been witnessed in the healthcare sector in Japan, as prime enterprises have started to realize the potential of edge AI software in opposing the influence of COVID 19. However, due to several obstacles created by the COVID-19 pandemic, such as a lack of skilled professionals, project delays or cancellations, and raw material accessibility, the COVID-19 pandemic significantly impacted the growth of Japan Edge AI strategy across the productivity and mobility sectors. In contrast, the rise in demand for intelligence applications across the healthcare, manufacturing, and automotive areas in Japan is projected to drive the Japan edge AI market growth post-pandemic.

On the basis of offering, the hardware segment dominated the market, in terms of revenue in 2020, owing to rise in demand for automation solution across the commercial and industrial sector, which is driving the need for an edge AI technology.

The Japan edge AI market is segmented on the basis of offering, device type, and end user. On the basis of offering, the market is fragmented into Hardware, software and services. From end user, the market is fragmented into automotive/mobility, manufacturing/robotics, plant & infrastructures preservation, smart life, and others. The automotive/mobility market share of security & services segment garnered the highest in 2020, and is expected to grow at a high

CAGR from 2021 to 2030. This report also covers analysis for global edge AI market and global and Japan edge AI market.

Top Impacting Factors
Significant factors that impact the growth of the Japan edge AI market include surge in demand and trend toward smart wearable devices coupled with increase in demand for intelligence applications. Further, increasing enterprise workload on the cloud is projected to drive the growth of the Japan edge AI market in coming years. However, surge in privacy and security concerns related to edge AI solutions is acting as a major barrier for early adoption, which hampers the growth of the market. On the contrary, emergence of the 5G network to bring IT and telecom together is anticipated to provide remunerative opportunities for expansion of the Japan edge AI industry during the forecast period.

Key Benefits For Stakeholders
➣This study comprises analytical depiction of the Japan edge AI market size along with the current trends and future estimations to depict the imminent investment pockets.
➣The overall Japan edge AI market analysis is determined to understand the profitable trends to gain a stronger foothold.
➣The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
➣The current Japan edge AI market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
➣Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
➣The report includes the market share of key vendors and Japan edge AI market trends.

BY OFERING
➣Hardware
➣Software
➣Service

BY END USER
➣Automotive/Mobility
➣Manufacturing/Robotics
➣Plant & Infrastructure Preservations
➣Smart Life
➣Others

Similar Reports:

Industrial Automation Market: https://reports.valuates.com/reports/QYRE-Auto-3L6898/global-industrial-automation

Edge Computing Market: https://reports.valuates.com/market-reports/QYRE-Auto-35M1599/global-edge-computing

Edge AI Software Market: https://reports.valuates.com/market-reports/QYRE-Auto-4139/global-edge-ai-software

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