Global Edge AI Software Market Report 2024: Growth Rate, Major Segments And Regions

Market Research Future has come up with the latest report on the “Global Edge AI Hardware Market 2020”.

The survey covered the impact of COVID-19 on everything, including the economy.

On this, MRFR reveals that the global market earlier achieved a valuation of USD 532.4 Million in 2018 and would now scale up to USD 1,681.8 Million by 2024 at a CAGR of 21.72% during the forecast period.Growth in Artificial Intelligence (AI) has created huge opportunities for semiconductor companies.

AI hardware is the core enabler for various solutions such as facial recognition and virtual assistant managing homes.SegmentationBy component, the market is segmented into CPU, GPU, ASIC, and others.

The smartphones segment had the largest revenue share in the Edge AI hardware market in 2018 and is expected to continue its dominance throughout the forecast period.By power consumption, the edge AI hardware market is segmented into less than 1 W, 1–3 W, 3–5 W, 5–10 W, and more than 10 W. By process, the edge AI hardware market is divided into training and inference.By vertical, the market is segmented into consumer electronics, smart home, automotive & transportation, government, healthcare, aerospace & defense, construction, and others.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7836Key playersIntel Corporation (US), Samsung Electronics Co., Ltd. (South Korea), Google Inc. (US), NVIDIA Corporation (US), Qualcomm (US), MediaTek Inc. (Taiwan), Xilinx Inc. (US), and Microsoft Corporation (US).

The other prominent companies in the edge AI hardware market include Huawei Technologies Co., Ltd. (China), Imagination Technologies Limited (UK), and Cambricon Technologies (China) among others.Regional AnalysisThe global market for edge AI hardware is estimated to grow at a significant rate during the forecast period from 2019 to 2024.

Post COVID-19, the report "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", published by MarketsandMarkets™, the market size expected to result in the market growing from USD 470 million in 2019 to USD 665 million by 2021, at a Compound Annual Growth Rate (CAGR) of 19% during the forecast period.Over the years, organizations have enhanced the level of innovation; and with the outbreak of COVID-19, a majority of operations have been compromised.

Telehealth in the healthcare sector has become a new norm, as health organizations around the world, such as WHO, and CDC have presented guidelines for its use.

Private doctors and healthcare institutions are providing online consulting amidst country lockdowns.Government across the globe are making use of advanced video surveillance techniques such as drones, CCTV cameras to manage social distancing, monitor quarantined people and track the spread of virus.

Once the lockdown eases, many more industries are expected to see a higher adoption of video analytics tools, making video surveillance market to grow at higher rate than earlier expected.The biometrics data source is expected to witness below-average growth during the forecast period in the global edge AI software marketCurrent biometrics system comprises touch-based systems, the outbreak of COVID-19 is projected to set a new norm by rejecting the use of touch-based systems and adoption of touchless biometrics system, as it helps in limiting the spread of virus.

Non-invasive biometrics system such as computer image processing, face scanner is being adopted by the organizations in near future.However, due to the COVID-19 pandemic, countries entering a lockdown phase to contain the spread of the virus, which has resulted in the shutting down of manufacturing activities in the country.

This has reduced the overall usage of edge AI software across the industry.North America edge AI software market to witness a higher impact of COVID-19 and will show a steady growth during the forecast periodCOVID-19 pandemic has the highest impact on North America.

Edge AI Hardware Market 2021-2027New Study Reports " The Global Edge AI hardware Market Industrial Analysis, Market Dynamics, Growth Analysis, Regional Analysis, Size, Share, and Forecast 2021- 2027" has been Added on MarketResearchFuture.Market OverviewThe study of market analysis of the global Edge AI hardware market focuses on the key elements and the market dynamics of a specific market within that particular industry.

The survey report analyses the elements, such as the strengths, weaknesses, opportunities, and threats of every individual manufacturing company.

The documentation is prepared by investigating the company’s activities related to their planning, decision making, purchase, capital investment, innovation, workforce, business expansion strategy, facility expansion, promotional activities, and many other aspects of a company.Market Dynamics of The Global Edge AI hardware MarketThe rising awareness among the global population for the product benefit tends to increase the production of a product of the global Edge AI hardware market in a positive way.

Edge AI processing involves low latency which is an advantage and hence is contributing to growth of the market.

Edge AI processing helps reducing the data travelling time so that companies can analyze data on real-time basis.

The other prominent companies in the edge AI hardware market include Huawei Technologies Co., Ltd. (China), Imagination Technologies Limited (UK), and Cambricon Technologies (China) among others and more.This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Edge AI Hardware.Complete Report Details@  https://www.marketresearchfuture.com/reports/edge-ai-hardware-market-7836SegmentationBy component, the market is segmented into CPU, GPU, ASIC, and others.

Market HighlightsThe global edge AI hardware market registered a transaction of 532.4 million units in 2020 and is expected to reach 1,681.8 million units by the end of forecast period with a CAGR of 21.72%.

Growth in Artificial Intelligence (AI) has created huge opportunities for semiconductor companies.

Edge AI processing involves low latency which is an advantage and hence is contributing to growth of the market.Edge AI processing helps reducing the data travelling time so that companies can analyze data on real-time basis.

AI hardware is the core enabler for various solutions such as facial recognition and virtual assistant managing homes.SegmentationBy component, the market is segmented into CPU, GPU, ASIC, and others.

The camera segment is expected to grow at a significant CAGR during the forecast period.By power consumption, the edge AI hardware market is segmented into less than 1 W, 1–3 W, 3–5 W, 5–10 W, and more than 10 W. By process, the edge AI hardware market is divided into training and inference.By vertical, the market is segmented into consumer electronics, smart home, automotive & transportation, government, healthcare, aerospace & defense, construction, and others.

The consumer electronics sector dominated the edge AI hardware market in 2018 and is expected to contribute a significant revenue share to the market during the forecast period.

The software helps to process data on edge nodes even in remote and decentralized networks, without cloud connectivity.Integrating AI with IoT in edge devices helps enterprises to minimize latency, reduce bandwidth, lessen threats, avoid duplication, improve reliability, and maintain compliance.

Moreover, edge AI software solutions enable an organization to utilize the computing resources in an optimal manner, minimize the bandwidth required to execute the solution, and lower the latency in particular response time.

Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-edge-ai-software-2019-2024-764 The amount of IoT devices deployed worldwide is exploding across all industries and cloud computing is overwhelmed with challenges that prevent IoT from scaling.

A report from Tractica estimates that AI edge device shipments will increase from 161.4 million units in 2018 to 2.6 billion units worldwide annually by 2025.

The top AI-enabled edge devices, in terms of unit volumes, will include mobile phones, smart speakers, PCs/tablets, head-mounted displays, automotive sensors, drones, consumer and enterprise robots, and security cameras.

There will also be more AI incorporated into wearable health sensors, building or facility sensors, and networks of sensors planted around facilities or entire cities.

Post COVID-19, the report "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", published by MarketsandMarkets™, the market growing from USD 470 million in 2019 to USD 665 million by 2021, at a Compound Annual Growth Rate (CAGR) of 19% during the forecast period.Over the years, organizations have enhanced the level of innovation; and with the outbreak of COVID-19, a majority of operations have been compromised.

Telehealth in the healthcare sector has become a new norm, as health organizations around the world, such as WHO, and CDC have presented guidelines for its use.

Private doctors and healthcare institutions are providing online consulting amidst country lockdowns.Government across the globe are making use of advanced video surveillance techniques such as drones, CCTV cameras to manage social distancing, monitor quarantined people and track the spread of virus.

Once the lockdown eases, many more industries are expected to see a higher adoption of video analytics tools, making video surveillance market to grow at higher rate than earlier expected.The biometrics data source is expected to witness below-average growth during the forecast period in the global edge AI software marketCurrent biometrics system comprises touch-based systems, the outbreak of COVID-19 is projected to set a new norm by rejecting the use of touch-based systems and adoption of touchless biometrics system, as it helps in limiting the spread of virus.

Non-invasive biometrics system such as computer image processing, face scanner is being adopted by the organizations in near future.However, due to the COVID-19 pandemic, countries entering a lockdown phase to contain the spread of the virus, which has resulted in the shutting down of manufacturing activities in the country.

This has reduced the overall usage of edge AI software across the industry.North America edge AI software market to witness a higher impact of COVID-19 and will show a steady growth during the forecast periodCOVID-19 pandemic has the highest impact on North America.