Global Edge AI Software
Market Report
2024
The global edge AI software market size is USD 1.5 billion in 2024. The edge AI software market will show strongest growth with a compound annual growth rate (CAGR) of 31.1% from 2024 to 2031. Edge AI software is the increasing demand for real-time data processing and insights at the edge to minimize latency and enhance operational efficiency.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global edge AI software market size is USD 1.5 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 31.1% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Offering |
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Market Split by Data Type |
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Market Split by Vertical |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Edge AI Software industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Edge AI Software Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Edge AI software refers to advanced artificial intelligence algorithms and applications designed to operate on decentralized devices at the edge of networks, closer to where data is generated. This technology enables real-time data processing, reducing latency and enhancing efficiency compared to traditional cloud-based approaches. The market for Edge AI software is experiencing rapid growth driven by increasing demands for faster decision-making capabilities across industries such as manufacturing, healthcare, and autonomous vehicles. This trend is fueled by the proliferation of Internet of Things (IoT) devices and the need to analyze and act on large volumes of data locally. Edge AI software is poised to revolutionize how businesses leverage data for operational insights and improved customer experiences.
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In Jan 2023, Microsoft has partnered with Fungible to accelerate datacenter innovation. Fungible is a company that develops data processing units (DPUs) that are optimized for AI workloads. Microsoft plans to use Fungible's DPUs to accelerate the performance of Azure IoT Edge and other edge AI solutions. (Source:https://blogs.microsoft.com/blog/2023/01/09/microsoft-announces-acquisition-of-fungible-to-accelerate-datacenter-innovation/)
Top Companies Market Share in Edge AI Software Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominates the Edge AI software market. This leadership is driven by robust technological infrastructure, widespread adoption of IoT devices, and a strong ecosystem supporting AI innovation. The region's early adoption of advanced technologies in sectors like healthcare, manufacturing, and automotive has propelled the demand for Edge AI solutions. Initiatives by major tech companies and government support for AI research and development further bolster North America's position in this market. With a conducive environment for technological advancements and significant investments in AI-driven applications, North America continues to lead in shaping the future of Edge AI software.
Asia-Pacific (APAC) is expanding at the fastest Compound Annual Growth Rate (CAGR) in the Edge AI software market. This rapid growth is attributed to increasing digital transformation initiatives, significant investments in AI technology by governments and businesses, and the proliferation of IoT devices across various sectors. Countries like China, India, Japan, and South Korea are driving this expansion with large-scale deployments of Edge AI solutions in industries such as manufacturing, healthcare, and retail. The region benefits from a young and tech-savvy population, fostering innovation and adoption of new technologies, positioning APAC as a key growth engine in the global Edge AI software market.
The current report Scope analyzes Edge AI Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Edge AI Software Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Edge AI Software Industry growth. Edge AI Software market has been segmented with the help of its Offering, Data Type Vertical, and others. Edge AI Software market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Edge AI Software market.
Offering of Edge AI Software analyzed in this report are as follows:
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Edge AI Software from 2019 to 2031. This will also help to analyze the demand for Edge AI Software across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Data Type of Edge AI Software are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to cognitive market research, Edge AI software market is the Manufacturing vertical. In manufacturing, Edge AI software plays a pivotal role in optimizing operational efficiencies, enhancing predictive maintenance capabilities, and improving overall production quality. By deploying AI algorithms at the edge, manufacturers can analyze real-time data from IoT devices and sensors to detect anomalies, prevent equipment failures, and streamline production processes. This segment benefits significantly from reduced downtime, lower maintenance costs, and increased productivity, driving its prominence within the Edge AI software market as manufacturers seek to achieve smarter, more agile operations in the Industry 4.0 era.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Edge AI Software Market is witnessing significant growth in the near future.
In 2023, the Solutions segment accounted for noticeable share of global Edge AI Software Market and is projected to experience significant growth in the near future.
The Video and Image Data segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Microsoft (US) , Google (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Offering | Solutions, Standalone, Integrated, Services, Professional Services, Managed Services |
Data Type | Video and Image Data, Audio Data, Text and Language Data, Environmental and Location Data, Biometric Data, Multi-Modal Data |
Vertical | Vertical |
List of Competitors | Microsoft (US), IBM (US), Google (US), AWS (US), Nutanix (US), Synaptics (US), TIBCO (US), Octonion (Switzerland), Imagimob (Sweden), Anagog (Israel), Veea (US), Gorilla Technology (China), Azion (US), Bragi (Germany), Tact.ai (US), Ekinops (France), Clearblade (US), Alef Edge (US), Adapdix (US), byteLAKE (Poland), Reality Al (US), Deci (Israel), Edgeworx (US), Swim (US), Invision Al (Canada), Horizon Robotics (China), Kneron (US), DeepBrainz (India), Johnson Controls(Ireland), Blaize(US) |
This chapter will help you gain GLOBAL Market Analysis of Edge AI Software. Further deep in this chapter, you will be able to review Global Edge AI Software Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Offering Analysis 2019 -2031, will provide market size split by Offering. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Offering Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Data Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Vertical Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Edge AI Software market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Solutions have a significant impact on Edge AI Software market? |
What are the key factors affecting the Solutions and Standalone of Edge AI Software Market? |
What is the CAGR/Growth Rate of Video and Image Data during the forecast period? |
By type, which segment accounted for largest share of the global Edge AI Software Market? |
Which region is expected to dominate the global Edge AI Software Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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