North America
– The global edge AI software market is predicted to witness a strong growth in forecast period owing to the growing usage of edge AI software in telecom sector. The region is predicted to hold the majority of market share by 2027
NEW YORK » Sept. 15, 2020 » Global Edge Artificial Intelligence (AI) Software Market » USD 435.9 million » by 2027 » CAGR of 28.8%
, /PRNewswire/ — According to a newly published Research Dive report, the valued for in 2019 and is expected to surpass , growing at a from 2029 to 2027.
The increasing utilization of edge AI software in telecom industry owing to its various advantages such as contextual push intelligence, 360 insight capability, one place availability of productivity tools, and others is a significant factor expected to bolster the growth of the overall edge AI software market during the forecast period. Moreover, edge AI software is used in management of numerous data which in turn allows business to improve bandwidth, speed, decrease latency, improved individual experience, and enhanced data analysis, which is predicted to propel the global market growth in the estimated timeframe. However, lack of skilled employee, privacy concerns, and ethical issue with edge AI software is predicted to hamper the market growth in the coming future.
The COVID-19 pandemic has progressively impacted the global edge AI software industry mainly due to increasing adoption of edge AI software by many companies for complete automation in work processes. This is helping the companies in smooth running of operations during the work from home culture in the pandemic crisis. –
The report segments the global edge AI software market by Component, Data Source, Application, End Use, and Region.
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The sketches various aspects of all these market players such as product portfolio, SWOT analysis, financial performance, and recent strategic moves & developments. –
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