Lucintel's latest market report analyzed that edge AI software provides attractive opportunities in the government & public sector, manufacturing, healthcare & life science, energy & utility, telecom, media & entertainment, and transportation & logistic sectors. The edge AI software market is expected to reach $XX billion by 2028 with a CAGR of 28% to 30%. In this market, solution is the largest segment by component, whereas mobile data is largest by data source.
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Based on component, the edge AI software market is segmented into solutions and services. The solutions segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing business need for standalone and integration edge AI solutions and increasing usage of edge AI to automate entire business decisions that need human involvement.
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The Edge AI Software Market is marked by the presence of several big and small players. Some of the prominent players offering edge AI software include Microsoft, IBM, Google, AWS, Nutanix, Synaptics, and TIBCO.
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