Edge ai software market 2021 trends and growth prospects analysis

A thorough analysis report on the global Edge AI Software Market is published by Astute Analytica. The study encompasses current trends, future opportunities, influencing factors, compound annual growth rate, revenue estimation, etc., in a summarized way.

The global Edge AI Software Market was valued at US$ 1,300 Million in 2020 and is expected to escalate at a tremendous compound annual growth rate (CAGR) of 29.8% during the forecast period from 2021-2027.

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The report revolves around the overall outlook of the global Edge AI Software Market during the forecast period. It includes the past factors that are likely to impact the future of the market. It also outlines current ongoing trends attributing to the growth. Moreover, the report highlights the regions and market players having a significant role in the growth or decline of the global market.

The study includes key events to help market players build their strategies as per data. Apart from that, this documented report analyzes the chances of market expansion by calculating the accurate CAGR. All the data and analysis, including forecast, evaluations, and estimations, are carried out using prominent tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. These tools ensure accuracy so that businesses can be confident with the statistics. 

The study highlights key market trends like technological advancement, successful strategies of the companies. In terms of regional analysis, the report discusses the growth rate of the regions dominating the market or expected to dominate during the forecast time frame.

The comprehensive study report aims to provide precise information to the readers. The broad research introduces various exemplary events and innovations to help businesses lead their plans. The study is also essential for thriving businesses, start-ups, and key players to maintain further growth. 

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Impact of COVID-19 on the global Edge AI Software Market

The COVID-19 virus impacted almost every country by halting business and trade activities. Most of the countries went through the terror of COVID-19 waves. WHO (World Health Organization) labeled the epidemic as a public health emergency? COVID-19 infection is still affecting the market and is predicted to continue so until the end of 2021. 

Due to the sudden lockdown announcements, the suspension of trade and travel, the lack of raw materials, and the lack of workforce, businesses had to put a halt to activities. This analysis by Astute Analytica also focuses on the effect of COVID-19 on the global Edge AI Software Market. It contains a summarized description of the overall impact and expected recovery options.

Regional Outlook: The Global Edge AI Software Market

The global Edge AI Software Market assesses the growth of the global Edge AI Software Market by focusing on the participatory regions. It also throws light on the dominating region and other key regions expected to influence the market growth during the analysis period. 

Segmentation of the Global Edge AI Software Market Report

The global Edge AI Software Market is segmented based on By Component, By Data Source, By Application, and By End Users.

By Component

  • Solution
  • Software Tools
  • Platform
  • Services
  • Training and Consulting Services
  • System Integration Testing
  • Support and Maintenance

By Data Source

  • Biometric Data
  • Mobile Data
  • Sensor Data
  • Speech Recognition
  • Video and Image Recognition

By Application

  • Access Control
  • Autonomous Vehicles
  • Energy Management
  • Predictive Maintenance
  • Remote Monitoring
  • Telemetry
  • Video Surveillance
  • Others

By End Users

  • Advance Industries
  • Banking and Insurance
  • Chemical Agriculture
  • Consumers
  • Cross Vertical
  • Energy And Material
  • Health Care Infrastructure
  • Media and Entertainment
  • Public Sector Utilities
  • Retail
  • Travel, Transport, and Logistics

Key Players: The Global Edge AI Software Market

The report discusses the popular strategies and prominent companies that are expected to contribute to the global Edge AI Software Market growth. 

The major players in the global Edge AI Software Market are:

AWS, Google, IBM, Microsoft, Azion technologies, Anagog Ltd., Foghorn Systems Inc., Chaos Prime Inc., Gorilla Technology Group Inc., Imagimob, Nutanix, Octonion, Synaptics, TIBCO Software, Veea Inc, Clearblade Inc., Other Prominent Players.

Why Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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Content Source: https://www.astuteanalytica.com/industry-report/edge-ai-software-mrket

SOURCE Astute Analytica

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