Covid-19 Impact On Edge AI Software Market

AMAZON WEB SERVICES (AWS) (US) and IBM (US) are Leading players in the Covid-19 Impact On Edge AI Software Market

Amid COVID-19, the global edge AI software market size is expected to grow from USD 470 million in 2019 to between USD 665 million by 2021, at a Compound Annual Growth Rate (CAGR) of  19.7% during the forecast period. Enterprises supporting remote working capabilities, automation in the manufacturing sector, and increased demand for remote monitoring and predictive analytics to induce investment in IT infrastructure for hyperscalers, edge AI software/platofrm providers, and internet service providers (ISPs) are the major factors driving the market growth. The rise in demand for real-time data analysis and cloud-based business continuity tools and services and suitability of edge cloud environments best suited for the current unprecedented scenario are other parameters driving growth.

The major vendors in the edge AI software market include Google (US), Microsoft (US), AWS (US), IBM (US), Nutanix (US), TIBCO (US), Octonion (US), SWIM AI (US), Imagibob (US), Anagog (Israel), Veea (US), Foghorn Systems (US), Xnor.AI (US), Bragi (US), Invision AI (US), and Tact AI (US). These players have adopted various growth strategies, such as partnerships and new service launches, to expand their presence further in the impact of COVID-19 on edge AI software market and broaden their customer base.

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AMAZON WEB SERVICES (AWS) (US) is a major player in the global edge AI software market. The company provides edge AI services (AWS Greengrass, AWS Snowball edge)  to enterprises across the globe.  AWS enabled operational data connectivity to AWS IoT Greengrass, connecting disparate industrial systems to AWS using the ignition edge. Additionally, AWS offers AWS Diagnostic Development Initiative (DDI) to accelerate COVID-19 research, diagnostics, and testing. They have joined High Performance Computing (HPC) along with IBM, Microsoft, and Google to provide its computational power for researchers in the healthcare sector, allowing them to accelerate COVID-19 diagnostics, research, and testing.  AWS has focused on reliable, scalable, and compute power, which can be delivered, along with industry-leading services such as analytics and machine learning, to its customers.

IBM (US) is a major vendor in the global edge AI software market. The company provides IBM Edge Solution, IBM Edge Delivery Services, IBM Edge Application Manager, and IBM Cloud Pak products to cater to the demand for edge AI solutions. Recently IBM Research, Watson, and Global service teams have joined forces to develop Watson Assistant for citizens to help governments provide information on COVID-19. It has been deployed in more ha 18 countries. The company is working with non-governmental organizations to enable schools to function smoothly during the pandemic.

Related Reports:

Covid-19 Impact On Edge AI Software Market by Application (Autonomous Vehicles, Access Management, Video Surveillance, Remote Monitoring & Predictive Maintenance, Telemetry and Energy Management), Data Source, Vertical and Region - Global Forecast to 2021

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Report Code
TC 7636
RI Published ON
5/4/2020
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