The global market for Edge AI Software is projected to grow from USD 1.1 billion in 2023 to USD 4.1 billion by 2028, at a CAGR of 30.5% during the forecast period. Edge AI software is rapidly gaining traction in various industries, revolutionizing how businesses operate and interact with their customers. This technology enables real-time data processing and decision-making at the edge of the network, closer to the data source, reducing latency and improving efficiency. Its applications span across diverse sectors, from manufacturing and healthcare to retail and transportation, optimizing processes, enhancing customer experiences, and driving innovation. The edge AI software market is poised for significant growth, fueled by advancements in hardware, the rise of IoT devices, and the increasing demand for intelligent, real-time solutions.
Key players operating in the Edge AI Software market across the globe are 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 AI (US), Deci (Israel), Edgeworx (US), Swim (US), Invision AI (Canada), Horizon Robotics (China), Kneron (US), DeepBrainz (India), Johnson Controls(Ireland), and Blaize(US). These Edge AI Software vendors have adopted various organic and inorganic strategies to sustain their positions and increase their market shares in the global market.
To know about the assumptions considered for the study download the pdf brochure
Nutanix, a prominent enterprise cloud computing solutions provider, operates in two core business segments: products and support, entitlement, and other services. Their Enterprise Cloud OS software utilizes hyper-converged technology to deliver agility and simplicity. Nutanix offers a wide array of solutions, ranging from data recovery to server virtualization and Virtual Desktop Infrastructure (VDI), customized to meet the diverse needs of end-users. With the most diversified end-user portfolio in the ecosystem, Nutanix caters to a broad customer base, including Toyota, Telstra, Yahoo, Deloitte, AirBus, and NASDAQ. Their services span multiple industries, including education, financial services, energy and utilities, manufacturing, public sector, retail, consumer goods, and healthcare. In the Edge AI software market, Nutanix introduces the Nutanix Xi IoT Edge Computing solution, featuring a SaaS control plane and the Xi Edge platform, designed to run on edge devices.
IBM, a global technology company, founded in 1911, is known for its work in computing, including the creation of the first programmable computer. In the modern era, IBM is a leader in various technology domains, including cloud computing, artificial intelligence, and quantum computing. In the Edge AI market, IBM is a prominent player. They offer a range of solutions that harness the power of AI and data analytics at the edge, enabling real-time decision-making and insights. IBM's edge AI solutions find applications in industries such as manufacturing, healthcare, and telecommunications, where low latency and local processing are crucial. Their offerings include hardware, software, and services that empower businesses to leverage the potential of Edge AI for improved efficiency, productivity, and innovation. IBM's experience, global presence, and comprehensive approach to technology make them a significant contender in the Edge AI market, addressing the growing demand for decentralized and intelligent computing at the edge of networks.
Microsoft is an American multinational technology corporation headquartered in Redmond, Washington. The company's best-known software products are the Windows line of operating systems, the Microsoft 365 suite of productivity applications, and the Edge web browser. Microsoft also produces a wide range of other consumer and enterprise software for desktops, laptops, tabs, gadgets, and servers, including Internet search (with Bing), the digital services market (through MSN), mixed reality (HoloLens), cloud computing (Azure), and software development (Visual Studio). In the Edge AI software market, Microsoft is offering various solutions for edge computing and AI. The company's Azure IoT Edge platform enables customers to deploy cloud workloads, including AI and machine learning, to run on local devices. Microsoft's Azure Machine Learning service provides a cloud-based environment for developing, training, and deploying machine learning models. The company also offers Azure Stream Analytics, which enables real-time analytics and complex event processing on streaming data from various sources. Microsoft's solutions are widely used in various industries, including healthcare, manufacturing, and retail.
Edge AI Software Market by Offering (Solutions (Standalone and Integrated) and Services), Data Type (Video & Image Data, Audio Data, Text & Language Data, Biometric Data, and Multi-modal Data), Vertical and Region - Global Forecast to 2028
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE