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Edge AI Software Market to Grow at USD 2271.73 Million by 2027 at 21.3% CAGR – Report by Market Research Future (MRFR)

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New York, US, Sept. 29, 2021 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Edge AI Software Market information by Data Source, by Components, by Vertical and Region – forecast to 2027” market size to grow at a compound annual growth rate of 21.3%.

Competitive Analysis:
The global edge AI software market is fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches, and more.

Dominant Key Players on Edge AI Software Market Covered Are:

  • Microsoft Corporation (US)
  • IBM Corporation (US)
  • Amazon Web Services (US)
  • Nutanix Inc. (US)
  • Synaptics (US)
  • TIBCO Software (US)
  • Octonion SA (Switzerland)
  • Intel Corporation (US)
  • HPE (US)
  • Oracle Corporation (US)
  • Foghorn Systems (US)
  • Gorilla Technology Group (Taiwan)
  • Azion Technologies (US)
  • ClearBlade (US)
  • TACT.Ai Technologies (US)
  • SIXSQ (Geneva)
  • ADAPDIX (US)
  • ALEF EDGE (US)

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Market Drivers
Rising Introduction of 5G Network to Boost Market Growth
The rising introduction of 5G network worldwide will boost market growth over the forecast period. The introduction of 5G network is likely to bring together IT and telecommunications and also create new opportunities for high-end applications to further decrease computational complexity. 5G networks allow organization of data centers at edge configurations and also implementation of industry-specific platforms in standard ecosystems utilizing software-defined connectivity fundamentals and virtual machine.

Use of Wearable Devices to Offer Robust Opportunities
The use of wearable devices as they need computing on the go and cannot rely on remote cloud services will offer robust opportunities for the market over the forecast period.

Restraints
Security Concerns to act as Market Restraints
Privacy & security concerns related to edge AI solutions and optimization of edge AI standards may act as market restraints over the forecast period.

Challenges
Interoperability Issues to act as Market Challenge
The interoperability issues of edge AI software with core systems may act as market challenge over the forecast period.

Browse In-depth Market Research Report (141 Pages) on Edge AI Software Market: 
https://www.marketresearchfuture.com/reports/edge-ai-software-market-10597

Segmentation of Market covered in the research:
The global edge AI software market has been segmented based on vertical, application, data source, and component,

By component, the solution segment will lead the market over the forecast period.

By data sources, the mobile data segment will dominate the market over the forecast period.

By application, the video surveillance segment will spearhead the market over the forecast period.

By vertical, the healthcare segment will have the lions share in the market over the forecast period.

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Regional Analysis
North America to Domineer Edge AI Software Market
North America will domineer this market in the forecast period. Organizations in the region especially in the US have reaped the perks of deep learning technologies, machine learning, and artificial intelligence, well-established economies allowing edge AI software vendors in investing in new technologies, the region being the center of innovation where major IT players rolling out intelligent devices and collaborating with other companies, the region being a significant income creating region, significant improvements in the edge AI software space, numerous AI services suppliers in North America are testing in the edge AI software market by incorporating AI and ML functionalities with their current edge AI solutions thus additionally embracing different development methodologies for reinforcing their situation are adding to the global edge AI software market growth in the region.

APAC to Have Admirable Growth in Edge AI Software Market
The APAC region will have admirable growth over the forecast period for growing amount of data generated from edge devices across various verticals and increasing consumer spending on smart solutions in countries such as India, Australia, Japan, and China.

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COVID-19 Impact on the Global Edge AI Software Market
The COVID-19 pandemic has left industries and businesses with little time for preparing or defending themselves from potential damages. The situation of the market is uncertain and can go up or down resting on the activities that are performed and the outcomes attained by the business. The crisis has impacted several sectors all across the globe. Most industrial units all across the globe have had to suspend or close their manufacturing operations due to it. The crisis epidemic had a huge impact on industries like food and beverage, manufacturing, automotive, and aircraft. The rapid spreading of the novel coronavirus all over the world has had a significant impact on the IT sector. Changing consumer behavior and choices due to the evolving global pandemic scenario has had a noteworthy effect on the IT sector. The WHO for instance declared the COVID-19 as global epidemic in March 2020 thus prompting some governments in declaring lockdowns. Owing to the downturn of the manufacturing sector and factory closures, the outbreak has had an effect on the economy. During the crisis, AI has discovered several key applications. It can quickly assess unusual symptoms and also other red flags that alert healthcare officials and patients. It helps in cost-effective decision making by enabling speedier decision making. With relevant algorithms it helps in the development of new diagnosis and management strategy for COVID-19 cases. Through the use of medical imaging technologies like magnetic resonance imaging (MRI) scans and computed tomography (CT) of human body parts, AI can help to diagnose infected cases.

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Dongfa Group’s Gas Scenario + Digital Twin Technology, Leads the Industry with New AI Trend

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–Highlights of the 2024 Exhibition
SHANGHAI, May 23, 2024 /PRNewswire/ — From May 17 to 19, 2024, China(Shanghai) International Metrology Measurement Technology and Equipment Exhibition was held at the Shanghai World Expo Exhibition and Convention Center. Dongfa Group participated in the exhibition, showcasing its latest research achievements. At the expo, Chairman Liu Ming of Dongfa Group conducted the lighting ceremony and announced the official launch of the “Smart Gas Comprehensive Supervision Platform,” demonstrating the convenience and efficiency achieved through the smart management of municipal gas meters.

Dandong Dongfa (Group) Co., Ltd., established in 1962 and headquartered in Singapore, was formerly known as Dandong Thermal Instrument Co., Ltd. As an integrated group company engaged in research, production, and operations, Dongfa Group is dedicated to the development and application of instruments and meters. Its product range includes IC card gas meters, wired direct-reading remote diaphragm gas meters, wireless direct-reading remote diaphragm gas meters, NB-IoT IoT meters, and ultrasonic gas meters. These products incorporate the technical features of similar domestic and international products, offering high accuracy, reliability, and stability, making the company a leading smart gas meter manufacturer in China.
At the expo, Dongfa Group showcased its Smart Gas Comprehensive Supervision Platform, which integrates AI, IoT, cloud computing, and big data. This platform connects the topological structure of all aspects of gas operations and consolidates all relevant data involved in production management and operation maintenance. This integration enhances the comprehensive research and development and operational maintenance capabilities of the big data governance system.
At the same time, Dongfa Group is empowering comprehensive management and control with digital twins, AI, and big data. By leveraging digital twins, AI models, and 5G technology as data elements, the company is constructing a unified citywide network and a digital twin map of the gas pipeline network. This enables deep integration of AI monitoring, pressure and leakage detection, smart terminals, and other sensing devices with gas operations, ensuring the comprehensive safety and supply of urban gas.
Digital twin gas technology not only provides auxiliary support for pipeline design, but also plays a crucial role in intelligent emergency response and precise distribution. Especially in the operation of gas stations, it enables comprehensive real-time monitoring, intelligent integrated operation scheduling, proactive warning, emergency event command plans, and other effects, thereby improving the efficiency and safety of gas management.
However, there have been numerous incidents of data leakage involving smart AI devices in recent years. Sensitive data is being collected or even sold by malicious actors, leading to the disclosure of confidential information, resulting in significant economic losses and even legal risks.
To ensure the security of both enterprise and user data, Dongfa Group utilizes Digital Envelope technology to encrypt and decrypt data packets during data collection and distribution. This approach combines the advantages of both symmetric and asymmetric encryption technologies for secure information transmission, enabling fast, efficient, and secure encryption and decryption processing for the smart gas digital business sector. This ensures the security and integrity of data during transmission.
Visitors at the expo showed strong interest in the new products and technologies exhibited by Dongfa Group. Dongfa Group has always been committed to driving the development of the smart instrumentation industry through technological innovation. Through this exhibition, the company not only showcased its technical prowess but also strengthened communication and collaboration with industry peers. Looking ahead, they aim to join hands in opening a new chapter in the smart instrumentation industry.
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Artificial Intelligence

QNAP S3-compatible Storage Solution “QuObjects” Certified as Veeam® Ready – Object with Immutability

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TAIPEI, May 23, 2024 /PRNewswire/ — QNAP® Systems, Inc., a leading computing, networking, and storage solution innovator, today announced that its S3-compatible object storage solution “QuObjects” has qualified as Veeam® Ready – Object with Immutability, applicable for QNAP NAS with QTS and QuTS hero operating systems. This certification underscores the reliability of QuObjects as a secure object backup solution for enterprises, enhancing data management efficiency and upmost security.

QuObjects is the S3 object storage solution for QNAP NAS, boasting read/write speeds 20 times faster than conventional cloud services, along with a highly flexible and scalable architecture to ensure efficient transmission and flexibility in object storage. From object service development to demanding workloads like machine learning and data lakes, QuObjects assists enterprises in achieving diverse application needs with higher cost effectiveness.
QuObjects supports Object Lock to ensure data immutability, further safeguarding against ransomware threats, cyberattacks, or human error. Coupled with access controls and authentication features, it provides comprehensive protection for object data security.
Jimmy Tam, Product Manager of QNAP, stated “Data security is critical for enterprises. With QuObjects certified by Veeam Ready – Object with Immutability, we empower organizations leveraging Veeam solutions to confidently opt for QNAP NAS for on-prem S3 object storage and backup, enjoying rapid transmission, extensive scalability, and steadfast security.”
QNAP is the preferred partner for Veeam object backup solutions. Learn more at Veeam Ready Object Partner and QNAP QuObjects- S3 Object Storage.
For more information and to view the full QNAP NAS lineup, please visit www.qnap.com.
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Artificial Intelligence

Tencent Announces Winners of Flagship CarbonX Program to Combat Climate Change

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SHENZHEN, China, May 23, 2024 /PRNewswire/ — Tencent (00700.HK) is awarding 13 exceptional teams that won the first phase of its groundbreaking CarbonX Program, which is aimed at boosting promising new climate technologies. The winners, which emerged from a pool of 30 finalists and more than 300 initial applications, will receive a total of around RMB 100 million (US$14 million) in financial support from Tencent. It showcases the company’s commitment to driving sustainable social innovations in the fight against climate change.

CarbonX was launched in March 2023 to advance the next generation of low-carbon technologies. Tencent has committed RMB 200 million (US$28 million) in catalytic funding over the next three years to innovative ideas that might otherwise languish or fail to gain traction.
CarbonX’s first phase focused on carbon capture, utilization, and storage (CCUS), as well as technology-based carbon removal. These solutions were chosen for their unique ability to curb emissions from hard-to-abate industries such as steel and cement, mitigate the continued reliance on fossil fuels, and reduce legacy emissions created from decades of industrialization.
Backed by Tencent’s mission of Tech for Good and an alliance of like-minded industry partners, CarbonX aims to help these cutting-edge technologies make the leap from the research or early startup stage to commercial scale. The ultimate goal is supporting them in making a significant impact toward the targets outlined in the Paris Agreement, which includes a 45 percent reduction in emissions by 2030 and achieving net-zero emissions by 2050.
Dr. Hao Xu, Tencent’s Vice President of Sustainable Social Value and Head of Tencent’s Carbon Neutrality Lab, said: “Technology innovation serves as the driving force to accelerate our progress toward achieving carbon neutrality. CarbonX program is aimed at fostering the growth of these technologies, driving positive impact across society, and laying the groundwork for a more sustainable future.”
Professor Jerry Yan, Chair Professor of the Hong Kong Polytechnic University and Co-chairman of the CarbonX expert committee, said: “To pave the path for a greener economy, we must champion the development of cutting-edge low-carbon technologies. Just as solar and wind power were nurtured in their infancy, emerging solutions like CCUS and tech-based carbon removal demand our early support.”
The program assembled a panel of experts from academia, industries, and the investor community as the jury, and welcomed submissions from diverse participants across three distinct tracks:
CarbonX Lab: Designed to incubate research institutions, universities, or labs that bring in game-changing climate solutionsCarbonX Accelerator: Designed to accelerate the growth of climate-tech startups that exhibit commercialization potentialCarbonX Infrastructure: Designed to support capacity building to facilitate industry developmentThe finalists comprise four projects from the Lab track, six from the Accelerator track, and three from the Infrastructure track. These projects explore innovative solutions, such as using steel slag to capture and store carbon directly from furnace exhaust, converting CO2 into sustainable aviation fuel and valuable chemicals through electrochemical reactions or microorganisms, and employing new approaches to directly capture CO2 from the atmosphere with the hope of slashing the cost to less than US$150 per ton.
Meanwhile, Tencent is also collaborating with Tsinghua University to develop a comprehensive system of Measure, Reporting and Verification (MRV) tools to accurately gauge progress toward decarbonization.
Aside from receiving financial and advisory support, several projects will also have the opportunity to collaborate with industry partners and test their research beyond the laboratory setting.
Building upon the success of the first phase, Tencent is poised to launch the second iteration of CarbonX globally as early as later this year in pursuit of early-stage climate tech innovation.

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