The surging number of applications being deployed on the cloud in several industries, rapid improvements being made in the internet of things (IoT) domain, advancements in numerous smart applications, and growing popularity of AI software are the major factors driving the expansion of the global edge AI software market. Due to these factors, the market generated $600 million revenue in 2020, and it is expected to exhibit huge expansion during 2021–2030, according to P&S Intelligence. The imposition of lockdowns in several countries to mitigate the spread of the COVID-19 infection negatively impacted the operations of many businesses, but positively impacted the growth of the edge AI software market. The COVID-19 pandemic has facilitated the progress of the medical services sector, with many organizations making huge investments in edge AI software to increase its applications in this sector. Moreover, with the increasing digitalization rate in the medical care and training sectors, the demand for edge AI software is rising sharply.
Jul-23-2021, 23:26:30 GMT