Press release
Edge AI Software Solutions: Global Market Forecast 2024
Edge AI Software Market Size
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Report Coverage & Details:
• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $1.76 billion
• Revenue Forecast In 2033: $4.68 billion
• CAGR: 27.6%
Global Edge AI Software Market: Segmentation
The edge ai software market covered in this report is segmented -
1) By Component: Solution, Software Tools, Platform, Services, Training And Consulting Services, System Integration Testing, Support And Maintenance
2) By Data Type: Video And Image Data, Audio Data, Text And Language Data, Environmental And Location Data, Biometric Data, Multi-Modal Data
3) By Application: Access Control, Autonomous Vehicles, Energy Management, Predictive Maintenance, Remote Monitoring, Telemetry, Video Surveillance, Other Applications
4) By Vertical: Banking, Financial Services, And Insurance, Government And Public Sector, Healthcare And Life Sciences, Telecommunications, Energy And Utilities, Manufacturing, Automotive, Transportations, And Logistics, Media And Entertainment, Other Verticals
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Edge AI Software Market Report: Growth Drivers
The growing implementation of 5G network technology is anticipated to boost the expansion of the edge AI software market in the future. 5G technology represents the fifth generation of mobile networks, marking a notable improvement over earlier generations (2G, 3G, and 4G/LTE). In edge AI software, 5G facilitates quicker data transmission with minimal latency, essential for real-time AI processing at the edge. For example, in April 2023, 5G Americas, a U.S.-based industry trade organization, reported a 76% increase in global 5G wireless connections from the end of 2021 to the end of 2022, reaching a total of 1.05 billion connections. Thus, the growing adoption of 5G technology is propelling the edge AI software market.
Key Developments:
Sidus Space Boosts AI Capabilities With Acquisition Of Exo-Space Expanding Earth And Space Observation Service
In August 2023, Sidus Space, a US-based satellite manufacturing company, acquired Exo-Space for an undisclosed amount. With this acquisition, Sidus aims to expand its growth in the AI sector and proliferate its product offerings, including earth and space observation services. Father through this acquisition, Sidus focuses on providing enhanced and efficient actionable solutions to its current customers and expanding its client base. Exo-Space is a US-based provider of edge artificial intelligence (AI) software and hardware for space applications.
Top Market Leader Included:
Alphabet Inc., Google LLC, Microsoft Corporation, Amazon Web Services, Intel Corporation , International Business Machines Corporation, NVIDIA Corporation, Baidu Inc., Renesas Electronics Corporation, Synaptics Incorporated, Nutanix Inc., TIBCO Software Inc., Cloudera Inc., DataRobot Inc., Bragi GmbH, Gorilla Technology Group, Tact.ai Technologies Inc., FogHorn Systems Inc., ClearBlade Inc., Octonion SA, Anagog Ltd., Imagimob AB, Azion Technologies, Avassa, Adapdix, SWIM.AI Inc., Veea Inc., XNOR.AI Inc.
Edge AI Software Industry: Regional Landscape
North America was the largest region in the edge AI software market in 2023. The regions covered in the edge ai software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the edge AI software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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What Does The Global Edge AI Software Market Report Include?
1.Introduction
• Overview of the Edge AI Software Market
• Comprehensive Analysis of Edge AI Software Market
2. Edge AI Software Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. Edge AI Software Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel
4. Competitive Landscape And Company Profiles In The Edge AI Software Market
• Overview
• Products and Services
• Strategy
5. Edge AI Software Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In Edge AI Software Market
• Technological Advancements
• Emerging Trends
7. Edge AI Software Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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