Edge AI Software Market Size, Share, Growth Analysis, By Component(Solutions and Services), By Data Source(Video & Image Recognition, Iris & Facial Data, Sensor Data, Mobile Data), By Region - Industry Forecast 2024-2031

With a revenue share of 39.9% in 2022, North America controlled the majority of the market. With the introduction of cutting-edge 5G network technology, the region is anticipated to continue seeing growth. The region's businesses have placed a strong emphasis on implementing cutting-edge technologies like AI, deep learning, and machine learning, which is what is driving the expansion. For instance, to merge Synaptic' Katana edge AI with the edge software development platform, the U.S. hardware business Synaptic Incorporated teamed up with Edge Impulse, a machine-learning development platform for edge devices, in California. The goal of this collaboration is to speed up the deployment of low-power edge AI by enabling developers to build models that are ready for production.

Over the course of the prediction, Asia Pacific is expected to increase dramatically. The advantages of information-intensive AI and ML technologies are being utilized in numerous Asian countries' industries. For instance, to promote AI edge computing products of Blaize in Japan's industrial and automotive industries, Blaize, a semiconductor manufacturer in the United States, teamed up with NEXTY Electronics, a provider of electrical components and equipment in Japan. Through analysis of customer demands across many industries and promotion of edge AI applications made possible by Blaize's low latency, low power AI technology, this partnership aims to be innovative.