Japan Edge AI Market to Reach USD 40.81 billion at 20.0% CAGR During the Forecast Period 2030

According to the report published by Allied Market Research, the Japan edge AI market generated $7.79billion in 2020, and is estimated to generate $40.81billion by 2030, witnessing a CAGR of 20.03% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape.

Rise in enterprise workload on the cloud platforms, the surge in demand for numerous intelligent applications, and trend toward smart wearable devices drive the growth of the Japan edge AI market. However, edge AI solution-related privacy and security concern hinder the market growth. On the other hand, emergence of the 5G network to bring IT and telecom creates new opportunities in the coming years.

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Covid-19 scenario:

• The healthcare sector in Japan has seen a significant and positive impact, as leading companies have begun to recognize the potential of edge AI software in the fight against COVID-19.

• The edge AI market in Japan witnessed significant growth during COVID-19, owing to surge in demand for industrial automation across the Country.

• However, project delays or cancellations and lack of availability of raw material during the COVID-19 pandemic had a major impact on the growth of Japan edge AI market.

By offering, the hardware segment accounted for the largest share in 2020, contributing to nearly two-thirds of the Japan edge AI market. However, the services segment is projected to portray the highest CAGR of 24.55% from 2021 to 2030.

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Based on end user, the manufacturing/robotics segment accounted for the largest share in 2020, contributing to around one-fourth of the Japan edge AI industry. However, the smart life segment is expected to portray the largest CAGR of 24.73% from 2021 to 2030.

Key AI startups analyzed in the report includes Generic Solution, StockMark, Hacarus, Global Walkers, Cinnamon AI, Heroz, SoftBank, Tier IV, Preferred Networks, QuEST Global and others.

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Key Benefits For Stakeholders:

• This study comprises an 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.

Access the full summary at: https://www.alliedmarketresearch.com/japan-edge-ai-market-A14986

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