The usage of this software is predicted to be the highest for video and image recognition over the next few years. This will be because of the increasing number of picture acknowledgement and AI-controlled video applications such as face location for security reasons and movement discovery cameras and the soaring use of edge AI for video surveillance in order to mitigate the incidence of data theft.
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Autonomous vehicles, video surveillance, access management, predictive maintenance, and remote monitoring are the major application areas of the edge AI software. Amongst these, the usage of this software was found to be the highest for video surveillance in 2020, because of the growing requirement for detecting systems and improved security. Furthermore, the huge investments being made in the development of the self-driving technology will fuel the growth of the autonomous vehicles category.
Autonomous vehicles, video surveillance, access management, predictive maintenance, and remote monitoring are the major application areas of the edge AI software. Amongst these, the usage of this software was found to be the highest for video surveillance in 2020, because of the growing requirement for detecting systems and improved security. Furthermore, the huge investments being made in the development of the self-driving technology will fuel the growth of the autonomous vehicles category.
Across the globe, the demand for edge AI software was observed to be the highest in North America in 2020, and this trend is expected to continue in the upcoming years as well. This will be because of the huge investments that were made in the development of AI applications and the early adoption of advanced technologies such as the IoT and AI, on account of the exhaustive research and development (R&D) activities that were carried out in the region during the past few years.
Hence, the demand for edge AI software is certain to shoot up in the coming years, mainly because of the rapid development of IoT applications, surging usage of IoT devices, and the soaring need for greater efficiency in data processing across the world. This market research report provides a comprehensive overview of the market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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