DUBLIN, Jan. 19, 2024 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.A comprehensive analysis on the Edge AI Software Market has been released, highlighting significant growth expected from USD 1.1 billion in 2023 to USD 4.1 billion by 2028, at a robust CAGR of 30.5% during the forecast period. The extensive study delves into various offerings such as standalone and integrated solutions, alongside critical services, while examining data types including video, image, audio, and biometric data utilized across diverse verticals.Key insights from the research emphasize the dynamic adoption of Edge AI software in sectors such as healthcare & life sciences, which is predicted to experience the highest CAGR in the market. The deployment of Edge AI facilitates major advancements in medical settings, opening new avenues for diagnostics and remote patient monitoring – areas where speed and accuracy are paramount.Video and Image Data to Dominate Market Usage:The report unveils that video and image data will constitute the largest market share throughout the forecast period. As Edge AI fosters the rise of computer vision in various systems, object detection and recognition are becoming essential attributes, boosting the technology's prevalence in a range of edge computing devices from smartphones to drones.Professional Services Lead the Way in Market ShareProfessional services are anticipated to maintain a significant footprint in the Edge AI space, providing businesses with tools necessary for fraud detection, compliance monitoring, and predictive maintenance. Such advancements in real-time data processing play a crucial role in enhancing service delivery and fueling customer engagement.North America Emerges as Largest Contributor:The analysis further reveals that North America will hold the largest market size, with factors such as governmental initiatives, industrial endorsement, and technological innovations contributing to this trend

CHICAGO, Nov. 16, 2023 /PRNewswire/ -- Intelligent computing at the edge of networks will continue to evolve due to advancements in connectivity, industry-specific applications, and algorithms. This dynamic landscape will define the future of the Edge AI Software Market. It is anticipated that businesses in a variety of industries would use Edge AI technologies to open up new avenues for productivity, automation, and instantaneous decision-making.The global Edge AI Software Market 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, according to MarketsandMarkets. The Edge AI Software Market is expanding rapidly, driven by the convergence of technologies such as AI, ML, embedded hardware, cloud infrastructure, network technologies, developer tools, security measures, and open-source initiatives. These advancements are enabling powerful and efficient edge computing solutions that address critical challenges such as latency, privacy, and bandwidth consumption, making edge AI a key driver of innovation and efficiency across industries.Browse in-depth TOC on "Edge AI Software Market"250 - Tables56 - Figures350 - PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=70030817Scope of the ReportReport Metrics Details Market size available for years 2018–2028 Base year considered 2022 Forecast period 2023–2028 Forecast units USD Billion Segments Covered Offering, Data Type, Verticals, and Region Geographies covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America Companies covered 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 Al (US), Deci (Israel), Edgeworx (US), Swim (US), Invision Al (Canada), Horizon Robotics (China), Kneron (US), DeepBrainz (India), Johnson Controls(Ireland), and Blaize(US).Solutions segment to account for the largest market size during the forecast period.Based on the offering segment, solutions are anticipated to hold the largest market size during the forecast period