Dublin, April 12, 2021 (GLOBE NEWSWIRE) - The report “Edge AI Market - Forecasts from 2021 to 2026” has been added to . offering.
Global Edge AI Market is forecast to grow annually growth rate of 19.27% over the forecast period to reach a market size of $ 1,954.244M in 2026 from $ 569.194M in 2019 to 5G Solutions and increasing global demand for electric vehicles. Large companies like Apple, Microsoft, Amazon and others have chosen Edge Ai solutions to transmit artificial intelligence inferences from the cloud to their local and regional hardware. In January 2020, Apple Inc. announced the acquisition of Xnor.ai, a start-up based in Seattle, USA,that specializes in edge-based, low-power artificial intelligence tools. The company suggested that Xnor’s artificial intelligence-based image recognition tools are expected to become standard and premium features for webcams and iPhones. These developments are likely to accelerate market growth over the forecast period.
Due to the global roll-out of 5G solutions, the market is expected to grow rapidly in the coming years. The main benefit of the 5G solution is that it reduces network latency with the introduction of high-end applications. The advent of 5G solutions for a wide variety of applications is expected to accelerate and accelerate the amount of data being transferred to their respective data centers.This increases and accelerates the need for edge networks or intermediate servers. The big countries have invested a significant amount of capital to develop and implement 5G solutions for their respective citizens.
Growing demand for innovative and advanced vehicles
The market is expected to grow in the coming years due to the increasing global demand for electric and autonomous vehicles. According to the International Energy Agency, total sales of electric vehicles worldwide in 2019 were over 2.1 million. In 2019 there was a growth of 6% compared to the previous year. The agency also estimated that EV sales will grow 40% annually. China was the world’s largest electric vehicle market in 2019,followed by Europe and the U.S. These three regions accounted for around 90% of sales of electric vehicles in 2019. Large companies have developed novel and advanced AI and computer solutions for their customers. In March 2020, Tesla engineers discussed the company’s large virtual power plant project. The project was an advanced and modern example of a cloud-native architecture using edge computing and AI. Other companies have also made significant developments in the market in recent years. For example, General Motors announced in January 2021 that it had partnered with Microsoft to drive the adoption of self-driving electric cars. The two companies statedthat Microsoft’s edge computing and Azure cloud platform will be used to commercialize their unique autonomous and self-driving vehicle solutions; on a large scale. These developments are expected to accelerate market growth over the forecast period.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Edge AI Market Analysis By Components
6. Global Edge AI Market Analysis By Data Source
7. Global Edge AI Market Analysis, By Application
8. Global Edge AI Market Analysis, By Geography
9. Competitive environment and analysis
9.1. Main actors and strategy analysis
9.2. Emerging Players and Market Profitability
9.3. Mergers, acquisitions, agreements and collaborations
9.4.Vendor Competitiveness Matrix
10. Company Profiles
- Microsoft Corporation
- Alphabet Inc.
- IBM Corporation
- Anagog Ltd.
- Octonion SA.
- Synaptics Incorporated
For more information on this report, visit https://www.researchandmarkets.com/r/8n64ub
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