$1.15 Bn Edge AI Software Market - Global Forecast to 2023: Emergence of the 5G Network to Bring IT and Telecom Together

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Feb 22, 2019, 08:00 ET

DUBLIN, Feb. 22, 2019 /PRNewswire/ -- The "Edge AI Software Market by Component (Solutions, Services), Data Source, Application (Autonomous Vehicles, Access Management, Video Surveillance, Remote Monitoring, Predictive Maintenance, Telemetry), Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global edge Artificial Intelligence (AI) software market size to grow at a Compound Annual Growth Rate (CAGR) of 26.5% during the forecast period

The global edge AI software market size to grow from USD 356 million in 2018 to USD 1,152 million by 2023, at a CAGR of 26.5% during 2018-2023.

The major growth factors for the market include the increasing amounts of enterprise workloads on the cloud and the rapid growth in the number of intelligent applications. Privacy and security concerns related to edge AI solutions may restrain market growth.

The autonomous vehicles application is estimated to grow at the highest rate during the forecast period

The edge AI software market by application includes autonomous vehicles; access management; video surveillance; remote monitoring and predictive maintenance; telemetry; energy management and others. The autonomous vehicles application is expected to grow at the highest rate, due to the increased demand for edge AI to support autonomous and connected vehicles' infrastructure.

The mobile data segment is estimated to grow at the highest rate during the forecast period

Based on data sources, the edge AI software market has been segmented into video and image recognition. speech recognition, biometric data, sensor data, and mobile data source. The mobile data source segment is expected to grow at the highest rate during the forecast period, due to the increasing demand to deploy edge AI software to analyze huge amounts of data generated by mobile devices.

Among regions, Asia Pacific (APAC) is estimated to grow at the highest CAGR during the forecast period

In the edge AI software market by region, APAC is expected to grow at the highest rate during the forecast period. The growth in the number of AI vendors in major APAC countries, such as China, India, and Japan and technological advancements, is expected to be a key growth driver for the market in APAC.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Edge AI Software Market
4.2 Market: Top 3 Applications
4.3 Market: By Region
4.4 Market in North America, By Application and Data Source

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Enterprise Workloads on the Cloud
5.2.1.2 Rapid Growth in the Number of Intelligent Applications
5.2.2 Restraints
5.2.2.1 Privacy and Security Concerns Related to Edge AI Solutions
5.2.3 Opportunities
5.2.3.1 Emergence of the 5g Network to Bring IT and Telecom Together
5.2.4 Challenges
5.2.4.1 Interoperability Issues Slowing the Adoption of Edge AI Software
5.2.4.2 Optimization of Edge AI Standards
5.3 Use Cases
5.3.1 Introduction
5.4 Regulatory Implications
5.4.1 Introduction
5.4.2 General Data Protection Regulation
5.4.3 Health Insurance Portability and Accountability Act
5.4.4 Federal Trade Commission
5.4.5 Federal Communications Commission
5.4.6 Iso/Iec Jtc 1/Sc 42

6 Edge AI Software Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Software Tools
6.2.1.1 Ease Offered By Software Tools to Integrate AI Capabilities Into the Existing Architecture
6.2.2 Platform
6.2.2.1 Platforms to Provide A Complete Foundation to Create Edge AI Software Solutions for Various Application Areas Across Major Verticals
6.3 Services
6.3.1 Training and Consulting Services
6.3.1.1 Technicalities Involved in Implementing Edge AI Software Solutions to Boost the Growth of Training and Consulting Services
6.3.2 System Integration and Testing
6.3.2.1 Ensuring the Interoperability of Edge AI Software With Hardware Components From Different Vendors to Boost the Growth of System Integration and Testing Services
6.3.3 Support and Maintenance
6.3.3.1 With the Growing Deployment of Edge AI Software Solutions Required for Support and Maintenance Services to Increase

7 Edge AI Software Market, By Data Source
7.1 Introduction
7.2 Video and Image Recognition
7.2.1 Companies to Adopt Edge AI Software to Leverage Real-Time Streaming Video and Image Data
7.3 Speech Recognition
7.3.1 Growing Demand for Speech Recognition Applications Such as Voice Dialing and Speech-To-Text Processing to Drive the Market
7.4 Biometric Data
7.4.1 Need to Enhance Biometrics With the Advent of Edge AI Software
7.5 Sensor Data
7.5.1 Growing Demand of Edge AI Software to Analyze Real-Time Sensor Data
7.6 Mobile Data
7.6.1 Growing Demand of Edge AI Software to Analyze Mobile Data for Enhanced Customer Experience

8 Edge AI Software Market, By Application
8.1 Introduction
8.2 Autonomous Vehicles
8.2.1 Increasing Demand for Self-Driving Cars to Pave the Way for Edge AI Software Market in the Automotive Industry
8.3 Access Management
8.3.1 Access Management Application to Grow at A Rapid Pace in the Coming Years
8.4 Video Surveillance
8.4.1 Need to Streamline Raw Video Data to Boost the Demand for Edge AI Software for the Video Surveillance Application
8.5 Remote Monitoring and Predictive Maintenance
8.5.1 Need to Track, Monitor, and Diagnose Machines to Fuel the Growth of the Remote Monitoring and Predictive Maintenance Application
8.6 Telemetry
8.6.1 Growing Demand for Real-Time Geographical Data to Improve Productivity
8.7 Energy Management
8.7.1 Growing Demand for Edge AI Software to Manage and Optimize Energy Consumption
8.8 Others

9 Edge AI Software Market, By Vertical
9.1 Introduction
9.2 Government and Public
9.2.1 Government to Adopt Edge AI Software for Data Security and Traffic Management
9.3 Manufacturing
9.3.1 Increasing Need to Analyze and Capture Sensor Data to Drive the Adoption of Edge AI Software By Manufacturing Firms
9.4 Automotive
9.4.1 Edge AI Software is Shaping Auto Manufacturing and Self-Driving Cars
9.5 Energy and Utilities
9.5.1 Increasing Need to Protect Huge Amount of Data for Streamlining the Process to Drive the Adoption of Edge AI Software
9.6 Telecom
9.6.1 Growing Demand for Network Bandwidth to Pave the Way for the Telecom Industry to Adopt Edge AI Software
9.7 Healthcare
9.7.1 Healthcare to Adopt Edge AI Software Tools to Safeguard Patients' Data
9.8 Others

10 Edge AI Software Market, By Region

11 Competitive Landscape
11.1 Overview
11.2 Key Players, 2018
11.3 Competitive Scenario
11.3.1 New Product/Service Launches and Product/Service Enhancements
11.3.2 Agreements and Partnerships
11.3.3 Acquisitions
11.3.4 Business Expansions

12 Company Profiles
12.1 Google
12.2 Microsoft
12.3 AWS
12.4 IBM
12.5 Nutanix
12.6 Tibco
12.7 Octonion
12.8 Swim.AI
12.9 Imagimob
12.10 Anagog
12.11 Veea
12.12 Foghorn Systems
12.13 Xnor.AI
12.14 Bragi
12.15 Invision AI
12.16 Tact.AI

For more information about this report visit https://www.researchandmarkets.com/research/pgs4mb/1_15_bn_edge_ai?w=5

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