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How Are Advancements in IoT Driving Edge AI Software Market Growth?

A major growth driver for the edge AI software market is the surging adoption of cloud-based solutions in enterprises owing to the extensive volume of the data being generated by them. As AI-enabled applications deployed on the cloud platform usually exhibit latency issues and offer slow responses, business organizations are shifting toward edge AI software as it mitigates such issues by placing the computer resources at the edge of the network. 

By placing the resources closer to the main data center, this software enables AI-based applications to function with a high bandwidth. The categories under the application segment of the edge AI software market include access management, autonomous vehicles, energy management, video surveillance, remote monitoring and predictive maintenance, telemetry, and others, such as smart wearables, precision agriculture, point of sale, field service support, and augmented reality (AR)/virtual reality (VR). 


Among these, the video surveillance category is expected to account for the largest market share in the forecast years due to the growing need for security and observing frameworks, which rely on advanced software. Geographically, North America accounted for the largest share in the edge AI software market in 2020, and it is expected to display significant growth during the forecast period as well. 

This can be primarily credited to the early adoption of advanced technologies, such as AI and IoT, owing to the surging focus on technological developments and research activities in the region. Moreover, the presence of prominent tech firms, such as Intel Corporation and Microsoft Corporation, facilitates the market growth in North America. Thus, the surging adoption of cloud-based applications and rising advancements in the IoT technology will supplement the market growth.

This market research report provides a comprehensive overview of the market
  • The 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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