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he Japan Edge AI Market Share Reach USD 40.81 Billion by 2030, Growing with 20% of CAGR
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. Emergence of the 5G network to bring IT and telecom creates new opportunities in the coming years.
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The Japan edge AI market size was valued at USD 7.79 billion in 2020, and is projected to reach USD 40.81 billion by 2030, registering a CAGR of 20.0% from 2021 to 2030.
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.
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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.
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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.
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.
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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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