Security News > 2021 > July > Edge AI software market to expand significantly by 2030

The surging number of applications being deployed on the cloud in several industries, rapid improvements being made in the internet of things 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.

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.

With the increasing digitalization rate in the medical care and training sectors, the demand for edge AI software is rising sharply.

The global edge AI software market is divided into speech recognition, sensor data, mobile data, biometric data, and video & image recognition categories, based on data source.

The global edge AI software market is classified into access management, autonomous vehicles, remote monitoring and predictive maintenance, video surveillance, energy management, and telemetry, depending on application.

North America held the largest share in the market for edge AI software in 2020, and this trend will continue during the forecast period as well.

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