The North America Edge AI Software Market should witness market growth of 26.5% CAGR during the forecast period (2022-2028).
Edge AI is a technology that employs machine learning methods to process data produced locally by hardware devices. It alludes to AI algorithms that are suggested locally on hardware devices and make use of locally produced data. Prior to transferring the results to the cloud to be processed and stored, they just save results locally on the devices. The speed of edge AI is one of its biggest benefits.
Integrating smart devices and functionality can provide AI at the edge for insights and also detect issues. With the help of edge AI, smart devices can now support a wide range of industries. With additional security features, edge AI-powered devices also provide a high level of safety and security, lowering the risk. For an enhanced user experience, edge AI also cuts expenses and delays. You may interact in real-time and make payments thanks to the integration of technologies that are really user-centered.
The healthcare system in North America is well-established and is expected to adopt a range of cutting-edge technologies in the coming years. The official estimates of total healthcare spending in the USA are determined by the National Health Expenditure Accounts. On the portal of the Centers for Medicare & Medicaid Services, you can find these estimations (NHEA).
The US market dominated the North America Edge AI Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,054.4 million by 2028. The Canada market is poised to grow at a CAGR of 29.4% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 28.2% 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 U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stakeholders 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.
Edge AI is a technology that employs machine learning methods to process data produced locally by hardware devices. It alludes to AI algorithms that are suggested locally on hardware devices and make use of locally produced data. Prior to transferring the results to the cloud to be processed and stored, they just save results locally on the devices. The speed of edge AI is one of its biggest benefits.
Integrating smart devices and functionality can provide AI at the edge for insights and also detect issues. With the help of edge AI, smart devices can now support a wide range of industries. With additional security features, edge AI-powered devices also provide a high level of safety and security, lowering the risk. For an enhanced user experience, edge AI also cuts expenses and delays. You may interact in real-time and make payments thanks to the integration of technologies that are really user-centered.
The healthcare system in North America is well-established and is expected to adopt a range of cutting-edge technologies in the coming years. The official estimates of total healthcare spending in the USA are determined by the National Health Expenditure Accounts. On the portal of the Centers for Medicare & Medicaid Services, you can find these estimations (NHEA).
The US market dominated the North America Edge AI Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,054.4 million by 2028. The Canada market is poised to grow at a CAGR of 29.4% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 28.2% 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 U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stakeholders 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
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
- US
- Canada
- Mexico
- Rest of North America
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.
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Edge AI Software Market by Component
Chapter 5. North America Edge AI Software Market by Data Source
Chapter 6. North America Edge AI Software Market by Deployment Mode
Chapter 7. North America Edge AI Software Market by Organization Size
Chapter 8. North America Edge AI Software Market by Vertical
Chapter 9. North America Edge AI Software Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- 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.
Methodology
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