Edge AI software market records growth; Fastly recognition; Dell’Oro Group expands coverage

Edge AI software market records growth; Fastly recognition; Dell’Oro Group expands coverage

A recent report published by Market Research Future (MRFR) suggests the global Edge AI software market will grow at a compound annual growth rate (CAGR) of 21.3% until 2027.

According to the new document, this market is currently fragmented, as well as competitive, due to the presence of both international and domestic key players.

To stay relevant, many companies have so far incorporated various strategies, including collaborations, contracts, partnerships, and more.

Among the dominant key players in the global Edge AI software market would be Microsoft, IBM, and Amazon, followed closely by Nutanix, Synaptics, and TIBCO Software.

Because of these companies, the report places North America at the forefront of market growth but also specifies the APAC region will witness substantial growth over the forecast period.

This would be due to the growing amount of data generated from edge devices across various verticals and also increasing consumer spending on smart solutions in countries like India, Australia, Japan, and China.

In terms of market drivers worldwide, the MRFR report directly mentions the rise of 5G networks, together with the increased use of wearables.

Factors that could slow down the adoption of Edge AI in the next six years include privacy and security concerns, and interoperability issues of edge AI software with core systems.

Fastly recognized as Challenger in Gartner Magic Quadrant

This is the first time the company has been recognized as a Challenger in the Gartner Magic Quadrant for Web Application and API Protection (WAAP).

Fastly has received the nomination because of its recent efforts in expanding the company’s WAAP portfolio and successful integration of Signal Sciences’ technologies.

Fastly acquired Signal Sciences in October 2020. The latter company has, in turn, been named twice as a Visionary in Gartner Magic Quadrant for WAAP.

“We believe this year’s move into the Challenger’s quadrant recognizes our continued investments in the Signal Sciences integration into Fastly,” said Sean Leach, Chief Product Architect at Fastly.

“By bringing these two powerful offerings together under one unified portfolio, teams can confidently provide in-depth web application and API protection without compromising performance or deployment flexibility,” he added.

The move comes months after Fastly joined both the World Wide Web Consortium (W3C) and the WebAssembly Working Group.

“As organizations build web apps in their drive to meet evolving customer expectations in a digital-first world, fast and effective deployment of WAAP technology anywhere in a software stack is vital to innovating safely and at scale,” Leach added.

“We’re honored to be recognized, and look forward to continuing to bring simplified security solutions to developers and security teams around the world,” he concluded.

Dell’Oro Group unveils new research program

Independent market analysis and research firm Dell’Oro Group has launched a new data center physical infrastructure research program.

The initiative will see the publication of various reports, each focusing on different aspects of the data center physical infrastructure market.

The first of these documents will be released in November 2021 and will focus on the limits of power and cooling infrastructure.

“[The pandemic] is leading to technology transformation related to data center power systems, thermal management, and software monitoring to drive sustainable data centers of the future,” explained Lucas Beran, Principal Analyst with Dell’Oro Group.

The upcoming report will therefore provide an in-depth analysis of the data center physical infrastructure markets, including UPS, thermal management, PDU, IT Racks, and software and service opportunities.

“I look forward to quantifying and forecasting these market developments with timely, accurate, and detailed analysis,” Beran added.

For more information about the report, and to purchase a copy, you can follow this link here.

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