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Global Edge AI Software Market to Surge to $27.5 Billion by 2031 with 35.9% CAGR | Taiwan News | Aug. 9, 2024 09:33

Global edge AI software market is forecast to record a revenue of US$ 27,457.6 Mn by 2031, up from US$ 1,734.8 Mn in 2022, at a CAGR of 35.9% during the forecast period 2023-2031. The advancements in edge AI have brought about a new era of opportunities in various industries, and the automotive industry is no exception. Edge AI software has the potential to transform the automotive industry by enabling faster and more efficient communication between the different subsystems of a vehicle, such as the sensors, applications, and end-user experiences. Moreover, with the emergence of new technologies, the autonomous vehicle segment is expected to grow significantly, and edge computing will play a vital role in this growth. According to industry experts, the use of edge AI computing in 5G networks will enable better data control, reduced costs, and faster insights as compared to 4G networks, thereby creating new opportunities for the industry. A Request of this Sample PDF File@- https://www.astuteanalytica.com/request-sample/edge-ai-software-market What is Edge AI? Edge AI refers to the deployment of artificial intelligence algorithms directly on edge devices -- such as IoT sensors, smartphones, and cameras -- rather than relying on centralized cloud-based servers. This technology allows for real-time data processing and decision-making at the edge of the network, leading to faster responses, reduced latency, and improved efficiency. Key Drivers of Growth Several factors are driving the explosive growth of the edge AI software market: Increased Demand for Real-Time Processing: As industries such as manufacturing, healthcare, and automotive demand faster decision-making capabilities, edge AI offers the ability to process and analyze data locally, reducing latency and enhancing operational efficiency. Advancements in IoT: The proliferation of Internet of Things (IoT) devices has created a vast network of connected endpoints, all of which can benefit from edge AI's ability to analyze data locally and in real-time. Enhanced Data Privacy and Security: By processing sensitive data locally rather than sending it to the cloud, edge AI minimizes the risk of data breaches and enhances overall security. Cost Efficiency: Edge AI reduces the need for high-bandwidth data transfers and expensive cloud storage, offering a cost-effective solution for businesses seeking to optimize their data management strategies. Market Trends and Innovations Integration with 5G Technology: The rollout of 5G networks is expected to further accelerate the adoption of edge AI. With 5G's high-speed connectivity and low latency, edge AI systems can deliver even faster and more reliable performance. Rise of Edge AI Hardware: Innovations in edge AI hardware, such as specialized AI chips and processors, are enhancing the capabilities of edge devices and driving market growth. Expansion into New Verticals: While edge AI is already making waves in sectors like retail, healthcare, and smart cities, emerging applications in areas such as autonomous vehicles and industrial automation are likely to propel further market expansion. Challenges and Opportunities Despite its promising growth trajectory, the edge AI software market faces several challenges, including: Integration Complexity: Integrating edge AI with existing systems can be complex and may require significant investment in infrastructure. Data Management: Managing and processing vast amounts of data at the edge necessitates robust data governance and management strategies. For Purchase Enquiry: https://www.astuteanalytica.com/industry-report/edge-ai-software-market Market Segmentation By Component Solution Software Tools Platform Services Training and Consulting Services System Integration Testing Support and Maintenance By Data Source Biometric Data Mobile Data Sensor Data Speech Recognition Video and Image Recognition By Application Access Control Autonomous Vehicles Energy Management Predictive Maintenance Remote Monitoring Telemetry Video Surveillance Others By End Users Advance Industries Banking and Insurance Chemical Agriculture Consumers Cross Vertical Energy And Material Health Care Infrastructure Media and Entertainment Public Sector Utilities Retail Travel, Transport, and Logistics By Region North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America Competitive landscape Alef Edge, Inc. Anagog Ltd. AWS Azion Technologies Bragi.Com Chaos Prime, Inc. Clearblade, Inc. Foghorn Systems, Inc. Google Gorilla Technology Group, Inc. IBM Imagimob Microsoft Nutanix Octonion Sixsq Sarl Synaptics TACT.AI TIBCO Software Veea Inc. Other Prominent Players Conclusion The global edge AI software market is on the brink of a major transformation, driven by advancements in technology and increasing demand for real-time, efficient data processing. With a projected CAGR of 35.9%, the market's growth promises to reshape industries and redefine the way we interact with technology. As edge AI continues to evolve, its impact will be felt across various sectors, heralding a new era of intelligent, responsive, and secure data management. Download Sample PDF Report@- https://www.astuteanalytica.com/request-sample/edge-ai-software-market About Astute Analytica: Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe. They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us. Get in touch with us Phone number: +18884296757 Email: [email protected] Visit our website: https://www.astuteanalytica.com/ LinkedIn | Twitter | YouTube | Facebook | Pinterest

Global Cybersecurity Market: Projected Growth from $205.8B to $638.2B by 2032 | Taiwan News | Aug. 9, 2024 08:40

The global cybersecurity market was valued at US$ 205.8 billion in 2023, and is projected to reach US$ 638.2 billion by 2032 at a CAGR of 13.40% during the forecast period. Over the last few years, the cybersecurity market has seen significant momentum across varying domains such as: cryptocurrency, healthcare data theft, financial frauds, social media user data hack. The financial commitment to cybersecurity is monumental with global spending expected to surpass $1.75 trillion over the 2021-2025 period - signaling a 15% YoY growth. This underscores the escalating arms race against cyber threats and prioritization of digital defense mechanisms. In line with this, cyber-insurance market is experiencing a significant upswing, poised to reach $14.8 billion by 2025 and projected to exceed $34 billion by 2031 - reflecting escalating stakes in securing digital assets and mitigating financial repercussions of cyber incidents. Amidst this, ransomware remains a formidable adversary with claims in U.S., surging by 77% at the start of 2023 highlighting persistent threat landscape. A Request of this Sample PDF File@- https://www.astuteanalytica.com/request-sample/cybersecurity-market Why the Surge? Escalating Cyber Threats: The proliferation of cyber-attacks, including ransomware, phishing, and advanced persistent threats, is driving the demand for sophisticated cybersecurity solutions. Organizations are investing heavily in technologies to protect sensitive data and maintain operational integrity. Regulatory Pressures: Increasing regulations and compliance requirements across industries are pushing companies to adopt comprehensive cybersecurity measures. Standards such as GDPR, CCPA, and others are making robust security not just a best practice but a legal necessity. Emergence of New Technologies: The rise of emerging technologies like Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) is creating new attack surfaces. Consequently, cybersecurity firms are innovating to address vulnerabilities introduced by these advancements. Growing Awareness: There is a heightened awareness among businesses about the importance of cybersecurity. Organizations are recognizing that investing in cybersecurity is not just about protecting data but also about ensuring business continuity and customer trust. Key Market Trends Cloud Security: As businesses continue to migrate to the cloud, the demand for cloud security solutions is surging. Companies are seeking solutions that offer comprehensive protection for their cloud-based assets. AI and ML in Cybersecurity: AI and ML are playing a pivotal role in enhancing threat detection and response capabilities. These technologies help in identifying patterns and anomalies that may indicate potential threats. Managed Security Services: Many organizations are opting for managed security services to handle their cybersecurity needs. This trend is driven by the need for specialized expertise and the desire to focus on core business activities. Zero Trust Architecture: Zero Trust Architecture is gaining traction as organizations move towards more granular security models. The principle of "never trust, always verify" is becoming the cornerstone of modern security strategies. For Purchase Enquiry: https://www.astuteanalytica.com/industry-report/cybersecurity-market Market Segmentation Overview: By Component Solutions Threat Intelligence Identity and Access Management Security and Vulnerability Management Risk and Compliance Management Others Encryption Data Loss Prevention Network DLP Storage/ Data Center DLP Endpoint DLP Unified Threat Management Firewall Intrusion Detection Systems/Intrusion Prevention Systems Disaster Recovery Distributed Denial of Service Others Services Professional Services Design and Integration Risk and Threat Assessment Consulting Training and Education Support and Maintenance Managed Security Services By Security Network Security Endpoint Security Application Security Cloud Security Others By Deployment Cloud-based On-premises By Application Financial Services Government Retail Healthcare Communication Technologies Manufacturing Transportation Professional Services Energy Others By Enterprise Size Small and Medium-sized Enterprises Large Enterprises By Region North America The U.S. Canada Mexico Europe The UK Germany France Spain Russia Rest of Europe Asia Pacific China India Japan Australia & New Zealand Singapore ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Argentina Brazil Rest of South America List of Key Companies Profiled: MacAfee Trend Micro Incorporated IBM Corporation Microsoft BAE Systems, Inc. Check Point Software Technology Ltd. F5 Networks EMC Corporation FireEye, Inc. Proofpoint Inc. Sophos PLC Fortinet, Inc. Cisco Systems Inc. Symantec Corporation Juniper Networks Palo Alto Networks, Inc. Qualys Inc. Other Prominent Players Conclusion The cybersecurity market is on an impressive growth trajectory, fueled by the escalating need for advanced security solutions and regulatory compliance. As cyber threats continue to evolve, the demand for innovative and comprehensive cybersecurity measures will remain strong. Companies that embrace these trends and invest in cutting-edge technologies will be better positioned to protect their digital assets and maintain a competitive edge in the rapidly evolving digital landscape. Download Sample PDF Report@- https://www.astuteanalytica.com/request-sample/cybersecurity-market About Astute Analytica: Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe. They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us. Get in touch with us Phone number: +18884296757 Email: [email protected] Visit our website: https://www.astuteanalytica.com/ LinkedIn | Twitter | YouTube | Facebook | Pinterest