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Edge AI Software Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Edge AI Software Market (By Component -Solution, Services; By Application -Access Control, Autonomous Vehicles, Energy Management, Predictive Maintenance, Remote Monitoring, Telemetry, Video Surveillance, Others; By Data Source -Biometric Data, Mobile Data, Sensor Data, Speech Recognition, Video and Image Recognition; By End User -Advance Industries, Banking and Insurance, Chemical Agriculture, Consumers, Cross Vertical, Energy and Material and more) - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

  • Published On: 19-Nov-2021  |  Format: pdfpowerpointexcel  |  Report ID: AA1121103
    Delivery: 2 to 4 Hours
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Edge AI Software Market

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FREQUENTLY ASKED QUESTIONS

The market size of the Edge AI Software in 2020 US$ 1,300 Mn in 2020.

The global market is estimated to grow at CAGR of 29.8% during the forecast period of 2021-2027. 

Edge AI is a system that consists of sophisticated Machine Learning algorithms that the process data generated by a local hardware device. It is a system that puts Edge Computing and Artificial Intelligence together. An example of Edge technology is seen in the speakers of Google, Alexa or the Apple Homepod, Apple Siri.

The biggest providers are AWS, Google, IBM, Microsoft, Azion technologies, Anagog Ltd., Foghorn Systems, Inc. Chaos Prime, Inc. Gorilla Technology Group, Inc. Imagimob, Nutanix, Octonion, Synaptics, TIBCO Software, Veea Inc.

The pandemic caused growth in the global edge AI software market due to the adoption of Edge AI technology in remote working, remote asset maintenance and monitoring, plant automation, and telehealth services.

Travel, Transport and Logistics holds the highest market share of 21% in 2020.

AWS, Google, IBM, Microsoft, Azion technologies, Anagog Ltd., Foghorn Systems, Inc. Chaos Prime, Inc. Gorilla Technology Group are some of the key market players. 

The CR4 ration of the edge AI software industry is 25-30%. 

Edge AI technology provide real time analysis and response, analyse data efficiently and runs Machine Learnings Algorithms directly. Edge computing and AI together brings many breakthrough advancements like self-driving cars.

Edge technology is seen in the speakers of Google, Alexa or the Apple Homepod, Apple Siri. The most demanding use of Edge AI has been seen in wearable devices like fitness bands or smart watches. Use of Edge AI to create self-driving cars has been one of the most emerging trends in 2020.

The Global Edge AI Software market is estimated to grow at CAGR of 29.8% during the forecast period of 2021-2027.

The Global Edge AI Software Market is forecast to record a revenue of US$ 8,049.8 Mn in the year 2027.

Asia Pacific holds the highest market share of 38% in the year 2020.

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