Global COVID 19 Impact On Edge Al Software Market Overview
Edge Artificial Intelligence (AI) software is a combination of machine learning and edge computing technology. This AI software mechanically turns raw data into predictions, movements or events, insights without expensive analysis of data and big data. The software tools that are provided are in the form of software development kit and frameworks which offers the benefit of merging AI capabilities with software applications. In this edge AI software, an AI algorithm is treated on the hardware devices with the help of signals and sensors. There is no need to stay connected to devices as it is able to process independently without any connection and is able to make decisions. The global COVID-19 impact on edge Al software market accounted for US$ 450 million in 2019 and is estimated to be US$ 2139.5 million by 2029 and is anticipated to register a CAGR of 17.0%
Global COVID 19 Impact On Edge Al Software Market Dynamics
Rising adoption of telemedicine
In the healthcare sector, telehealth has become a new norm, as health establishments around the world, such as WHO, CDC has offered guidelines for its use. Various healthcare institutes are using telehealth to treat patients and keep their workers safe. Whereas, private doctors and healthcare organizations are offering online consulting amidst country lockdowns. Additionally, government are making use of advanced video surveillance techniques across the globe such as CCTV cameras or drones to manage social distancing, monitor quarantined people, and track the spread of the virus. Russia, China, and South Korea are utilizing video analytics to monitor its citizens strictly and potentially protect them from the virus. Furthermore, as the lockdown eases, numerous more industries are projected to observe higher adoption of video analytics tools, making video surveillance market to expand at a higher rate than earlier expected.
Technological advancements
Healthcare institutes are utilizing advanced technologies, such as AI and ML, to monitor large datasets around COVID-19 for monitoring the impact of the virus, diagnosing, and treatment plan for patients. Whereas, several companies have developed various AI-enabled systems to detect COVID-19 symptoms in chest CT or X-ray scans. These deep learning tools are serving the radiologists by decreasing the workloads and making the process faster.
However, concerns related to security and privacy of data are major factors projected to limit growth of the global edge AI software market.
Global COVID 19 Impact On Edge Al Software Market Segmentation
The global COVID-19 impact on edge Al software market is segmented based on a data source, application, vertical, and region.
On the basis of the data source, the global COVID-19 impact on edge al software market is segmented into autonomous vehicles, speech recognition, mobile data, biometrics data, and sensors data. Based on the application, the target market is segmented into autonomous vehicles, access management, video surveillance, remote monitoring and predictive maintenance, telemetry, energy management, and others. Based on vertical, the global market is bifurcated into government & public sector, manufacturing, transportation and logistics, energy and utilities, telecom, healthcare, and others.
In the region, the global COVID-19 impact on edge Al software market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America being a manufacturing-driven economy, has already affected due to the COVID-19 pandemic. For instance, General Motors, Ford, and Fiat Chrysler have closed all their US manufacturing plants to decline the spread of virus and demand has been decreased extremely. Conversely, North America, being one of the most industrialized regions, has invested extensively in advanced technologies such as AI, ML and analytics. Further, the growth in demand for digitalized technologies and the developed infrastructure across North America is expected to boost the adoption of edge AI software as the lockdown period ends.
|
Attribute |
Details |
|
The base year for estimation |
2019 |
|
Forecast period |
2019 – 2029 |
|
Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
|
Market Segmentation |
By Data Source - Autonomous Vehicles, Speech Recognition, Mobile Data, Biometrics Data, and Sensors Data By Application - Autonomous Vehicles, Access Management, Video Surveillance, Remote Monitoring And Predictive Maintenance, Telemetry, Energy Management, and Others By Vertical- Government & Public Sector, Manufacturing, Transportation and Logistics, Energy and Utilities, Telecom, Healthcare, and Others |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global COVID-19 impact on edge Al software market report based on data source, application, vertical, and region.
Global COVID-19 Impact on Edge Al Software Market, By Data Source:
- Autonomous vehicles
- Speech recognition
- Mobile data
- Biometrics data
- Sensors data
Global COVID-19 Impact on Edge Al Software Market, By Application:
- Autonomous vehicles
- Access Management
- Video surveillance
- Remote monitoring and predictive maintenance
- Telemetry
- Energy Management
- Others
Global COVID-19 Impact on Edge Al Software Market, By Vertical:
- Government and public sector
- Manufacturing
- Transportation and logistics
- Energy and utilities
- Telecom
- Healthcare
- Others
Global COVID-19 Impact on Edge Al Software Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Global COVID 19 Impact On Edge Al Software Market Key Players
The key players operating in the global COVID-19 impact on edge Al software market include Microsoft Corp., Amazon Web Services, International Business Machines Corporation, Nutanix, TIBCO Software Inc., Imagimob AB, Octonion SA, Ai, Inc., Anagog Ltd., and Veea Inc. Companies have undertaken several growth strategies, such as new service launches and partnerships, to improve their presence further in the COVID-19 impact on edge AI software market and expand their customer base.
IBM (US) is a foremost vendor in the global edge AI software market. The company provides IBM Edge Delivery Services, IBM Edge Solution, IBM Cloud Pak products, and IBM Edge Application Manager to cater to the demand for edge AI solutions. Recently IBM Research, Watson, and Global service teams have joined forces to develop Watson Assistant for citizens to help governments provide information on COVID-19. It has been deployed in more than 18 countries. The company is working with non-governmental organizations to enable schools to function smoothly during the pandemic.
Global COVID 19 Impact On Edge Al Software Market Key Issues Addressed
Key Issues Addressed
Global COVID 19 Impact On Edge Al Software Market Company Profile
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Amazon Web Services
- International Business Machines Corporation
- Nutanix
- TIBCO Software Inc.
- Imagimob AB
- Octonion SA
- Ai, Inc.
- Anagog Ltd.
- Veea Inc.
“*” marked represents similar segmentation in other categories in the respective section
Global COVID 19 Impact On Edge Al Software Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for COVID-19 Impact on Edge Al Software Strategies
- Key Questions this Study will Answer
- Market Snippet, By Data Source
- Market Snippet, By Application
- Market Snippet, By Vertical
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global COVID-19 Impact on Edge Al Software Market, By Data Source, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Autonomous Vehicles
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Speech Recognition
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Mobile Data
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Biometrics Data
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Sensors Data
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global COVID-19 Impact on Edge Al Software Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Autonomous Vehicles
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Access Management
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Video Surveillance
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Remote Monitoring and Predictive Maintenance
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Telemetry
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Energy Management
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global COVID-19 Impact on Edge Al Software Market, By Vertical, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Government & Public Sector
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Manufacturing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Transportation and Logistics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Energy and Utilities
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Telecom
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Healthcare
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global COVID-19 Impact on Edge Al Software Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Data Source, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Vertical, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Data Source, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Vertical, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Data Source, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Vertical, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Data Source, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Vertical, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Data Source, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Vertical, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Microsoft Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Amazon Web Services
- International Business Machines Corporation
- Nutanix
- TIBCO Software Inc.
- Imagimob AB
- Octonion SA
- Ai, Inc.
- Anagog Ltd.
- Veea Inc.
- Microsoft Corp.
-
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global COVID-19 impact on the edge Al software market is segmented based on the data source, application, vertical, and region.
The rising adoption of telemedicine is the major factor driving growth of the target market.
North America being a manufacturing-driven economy, has already affected due to the COVID-19 pandemic. For instance, General Motors, Ford, and Fiat Chrysler have closed all their US manufacturing plants to decline the spread of the virus and demand has been decreased extremely.
Companies have undertaken several growth strategies, such as new service launches and partnerships, to improve their presence further in the COVID-19 impact on the edge AI software market and expand their customer base.