Asia Pacific Edge AI Software Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Data Source, By Deployment Mode (On-premises and Cloud), By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Edge AI Software Market would witness market growth of 29.0% CAGR during the forecast period (2022-2028).
A record amount of data created by linked devices needs to be gathered and evaluated in the modern Internet of Things (IoT) age. As a result, massive amounts of data are generated in real-time, necessitating the use of AI systems to interpret the data.
Emerging technologies, like machine learning, reduction, and neural network acceleration, are what is driving the adoption of edge AI. Multiple industries can benefit from a novel, reliable, and scalable AI systems thanks to ML edge computing. The field as a whole is still relatively young and developing. Edge AI is anticipated to propel the development of AI by bringing AI capabilities closer to the real world.
In many nations across the region, governments have confirmed 5G testing and provided spectrum for the trials. The trial aims to provide a comprehensive understanding of how 5G will function in India, rather than only relying on case studies from Western countries. The operators in this area are getting ready for a full deployment. While Jio is starting trials in Mumbai, Airtel has started its in Hyderabad.
The China market dominated the Asia Pacific Edge AI Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $289.8 million by 2028.The Japan market is estimated to grow a CAGR of 28.2% during (2022 - 2028). Additionally, The India market would experience a CAGR of 29.8% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Data Source, the market is segmented into Video & Image Recognition, Speech Recognition, Mobile Data, Sensor Data and Iris & Facial Data. Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Telecom, Government & Public Sector, Manufacturing, Energy & Utilities, Travel & Hospitality, Media & Entertainment, Healthcare & Life Sciences and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Edge AI Software Market is Projected to reach USD 3.8 Billion by 2028, at a CAGR of 27.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), Nutanix, Inc., Tibco Software, Inc. (Vista Equity Partners), Synaptics, Inc., FogHorn Systems (Johnson Controls), Azion Technologies, Inc., and Alef Edge, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Services
By Data Source
- Video & Image Recognition
- Speech Recognition
- Mobile Data
- Sensor Data and Iris & Facial Data
By Deployment Mode
- On-premises
- Cloud
By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Vertical
- Telecom
- Government & Public Sector
- Manufacturing
- Energy & Utilities
- Travel & Hospitality
- Media & Entertainment
- Healthcare & Life Sciences
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- IBM Corporation
- Google LLC
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Nutanix, Inc.
- Tibco Software, Inc. (Vista Equity Partners)
- Synaptics, Inc.
- FogHorn Systems (Johnson Controls)
- Azion Technologies, Inc.
- Alef Edge, Inc.
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Related Reports:
Global Edge AI Software Market Report 2022-2028
North America Edge AI Software Market Report 2022-2028