Edge Ai Software Market Is Anticipated To Grow At A Cagr Of 28% To 30% During 2023-2028

By Author: Lucintel LLC
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The global edge AI software market is projected to reach $XX billion by 2028, at a CAGR of 28% to 30% during 2023-2028. The growth of edge AI software market is driven by increasing enterprise workload on cloud and rapid growth in number of intelligent applications.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the edge AI software market by component (solutions and services), data source (video & image recognition, iris & facial data, sensor data, mobile data, and speech recognition), organization size (large enterprises and SMEs), deployment mode (on-premise and cloud), end use industry (government & public sector, manufacturing, healthcare & life science, energy & utility, telecom, media & entertainment, and transportation & logistic), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the edge AI software market?
Q.4 What are some changing demands of ...
... customers in the edge AI software market?
Q.5 What are the new developments in the edge AI software market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this edge AI software area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this edge AI software market?

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Market Segmentation:
Based on component, the edge AI software market is segmented into solutions and services. The solutions segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing business need for standalone and integration edge AI solutions and increasing usage of edge AI to automate entire business decisions that need human involvement.
North America will remain the largest region due to the increasing IoT (Internet of Things) developments fuelled by AI for intelligent systems and smart applications, increasing use of edge AI computing in the forthcoming 5G network, and rising intelligent device launches & collaboration with other companies in the region's edge AI software market.
Key Players in the edge AI software market are Microsoft, IBM, Google, AWS, Nutanix, Synaptics, and TIBCO.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/edge-ai-software-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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