The Latin America, Middle East and Africa Edge AI Software Market would witness market growth of 36.2% CAGR during the forecast period (2022-2028).
Edge devices can be SoCs (Systems on a Chip) like the well-known Raspberry Pi or the Intel NUC series for smaller prototypes. These SOC devices combine all essential computer parts (CPU, USB controller, memory, GPU). Examples of edge devices that are more hardened and reliable are the Google Coral platform, NVIDIA Jetson tx2 or Jetson nano, and others.
The complexity rises as machine learning moves from the cloud to the edge. While edge AI needs IoT skills to operate actual edge devices that must connect to the cloud, the cloud may rely on APIs (edge-to-cloud). Since numerous edge clients connect to the cloud on edge, Edge AI software typically uses a cloud side to orchestrate the edge. In addition to managing a large number of endpoints, the edge-to-cloud connection is crucial for deploying updates and security fixes.
IoT's quick development in LAMEA is assisting the region's technology in maturing. Despite this, factors such as the concurrent development in the number of IoT devices, proliferation in the many types of IoT applications, and demand to use flexible connectivity choices have produced multiple challenges such as portability, scalability, latency, privacy, security, availability, and power consumption.
The Brazil market dominated the LAMEA Edge AI Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $74.9 million by 2028.The Argentina market is experiencing a CAGR of 36.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 35.8% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Data Source, the market is segmented into Video & Image Recognition, Speech Recognition, Mobile Data, Sensor Data and Iris & Facial Data. Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Telecom, Government & Public Sector, Manufacturing, Energy & Utilities, Travel & Hospitality, Media & Entertainment, Healthcare & Life Sciences and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Edge AI Software Market is Predict to reach $3.8 Billion by 2028, at a CAGR of 27.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), Nutanix, Inc., Tibco Software, Inc. (Vista Equity Partners), Synaptics, Inc., FogHorn Systems (Johnson Controls), Azion Technologies, Inc., and Alef Edge, Inc.
By Component
By Data Source
By Deployment Mode
By Organization Size
By Vertical
By Country
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