Skip to main content

Increasing Use of IoT Driving Demand for Edge AI Software

With the rapid development of internet of things (IoT) applications, the demand for edge artificial intelligence (AI) software is rising sharply across the world. This is because edge computing solves the various issues associated with IoT. Moreover, these AI-driven applications need high computing capabilities to process and analyze the data generated from IoT applications and devices.

Get the Sample Copy of this Report : https://www.psmarketresearch.com/market-analysis/edge-ai-software-market-forecast/report-sample

Furthermore, many edge software AI developers are investing heavily for improving the functionalities of IoT-based gadgets and applications in order to gain an edge over their rivals. For instance, an AI-based food traffic monitoring software was launched in 2019. This software allows store owners to gather data about different client traffic patterns in the shops.

Additionally, the surging requirement for greater efficiency in data processing is also pushing up the worldwide demand for AI software, thereby causing the expansion of the global edge AI software market. As a result, the market revenue surged to $600 million in 2020. Furthermore, according to the estimates of the market research company, P&S Intelligence, the market will advance rapidly from 2021 to 2030 (forecast period).

Due to this reason, enterprises are increasingly adopting the edge AI software. The edge AI software is extensively used for video and image and speech recognition and analyzing mobile data, sensor data, and biometric data. Out of these, the usage of this software is predicted to be the highest for video and image recognition over the next few years.

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

Comments

Post a Comment

Popular posts from this blog

Edge Data Center Market To Generate $53.1 Billion Revenue by 2030

A number of factors such as the commercialization of 5G, high demand for internet of things (IoT) devices, and dense over-the-top (OTT) and mobile data traffic are expected to drive the edge data center market at a CAGR of 25.4% during the forecast period (2020–2030). The market revenue stood at $5.3 billion in 2019, and it is projected to reach $53.1 billion by 2030.  In recent years, the rising adoption of IoT technology in the healthcare and automotive industries has become a major market trend. The increasing mobile data traffic is a prominent growth driver of the edge data center market across the world. The growing usage of smartphones and IoT devices is resulting in the generation of high volumes of data.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/edge-data-center-market-analysis/report-sample To manage the mounting amount of data, umpteen edge data centers are being deployed across the world. The rising penetration of the in...
Post a Comment
Read more

Digital Signature Market To Generate $25,211.3 Million Revenue by 2030

Factors such as the surge in adoption of digital-signature based biometrics in the banking, financial services and insurance (BFSI) sector, requirement for advanced security solutions amidst pandemic lockdowns and remote working environment, government policies regarding digitization and data protection, and rise in usage of digital signature to eliminate paperwork are expected to drive the growth of the digital signature market at a CAGR of 29.2% during the foreseeable period. According to P&S Intelligence, the market size is projected to reach $25,211.3 million by 2030 from $1,858.3 million in 2020. Moreover, the market is witnessing a trend of using digital signatures in the healthcare industry for higher transparency. The surging adoption of digital-signature-based iometrics in the BFSI sector is one of the main factors boosting the digital signature industry growth. Biometrics is one of the most secure ways of authentication and identification, as this technology offers a uniq...
Post a Comment
Read more

Robotic Process Automation Market Drivers, Restraints, Opportunities, and Trends in Coming Years

Robotic process automation solutions allow businesses to create virtual workforce, which can work on routine and mundane tasks with high efficiency, thereby eliminating the requirement for manual intervention. These solutions offer scalability and reduce operational cost by over 50%, as the virtual workforce can work round the clock. As the RPA systems can work continuously, they offer enhanced customer satisfaction. With the growing complexities in operations, enterprises across the world are adopting automated solutions, interaction solutions, and decision support and management solutions to automate repetitive and mundane tasks. Apart from this, RPA software also helps in mechanizing back-end processes because it can run in the background 24*7. This, in turn, allows human employees to concentrate on more important tasks, such as product development or client handling. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/robotic-process-automation-ma...
Post a Comment
Read more