During the projection period, it is anticipated that the edge AI market would grow at a CAGR of 20.8%. By 2032, the market is expected to be worth US$ 39,618.3 Mn, up from US$ 5,970.7 Mn in 2022, according to FMI.
Highlighting Positive Elements Driving the Market for Edge AI: End-user sectors like autonomous, predictive maintenance, and the expanding telecommunications sector are driving up need for edge AI.
Due to the anticipated increase in demand for edge computing, leading IT organisations are likely to embrace edge AI at a faster rate.
Additionally, it is projected that during the forecast period, the number of intelligence applications will expand and end-use sectors’ workloads would increase.
Top organisers utilise edge AI software to access data and respond in real-time, which is projected to boost the growth of the edge AI market. With its higher-performing tasks, such as real-time data processing, efficiency, and accuracy, it reduces work time, which is anticipated to enhance the adoption of edge AI. Also expected to drive down prices and surge the market during the projection period are growing IoT and edge AI software devices.
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The market for edge AI is boosted by 5G networking innovation:
Recent years have seen an increase in the opportunities for the edge AI market due to the development of 5G technology in the IT industry.
The development of edge AI devices, such as autonomous vehicles, drones, IoT gateways, and telesurgery equipment, is
The Edge AI Market Growth May Be Decreased by Illegal and Criminal Activity:
The factors slowing the growth of the edge AI market over the projection period are the increased illegal activities and environmental harm. Additionally, the market share has decreased due to growing security threats like data breaches, cyberattacks, and the theft of official data in top government and private companies.
Additionally, the market is becoming smaller due to growing risks like insider threats and software viruses, among others. Another significant issue that may have hampered market share in recent years is a lack of IT professionals.The factors slowing the growth of the edge AI market over the projection period are the increased illegal activities and environmental harm. Additionally, the market share has decreased due to growing security threats like data breaches, cyberattacks, and the theft of official data in top government and private companies.
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Additionally, the market is becoming smaller due to growing risks like insider threats and software viruses, among others. Another significant issue that may have hampered market share in recent years is a lack of IT professionals.The factors slowing the growth of the edge AI market over the projection period are the increased illegal activities and environmental harm. Additionally, the market share has decreased due to growing security threats like data breaches, cyberattacks, and the theft of official data in top government and private companies.
Additionally, the market is becoming smaller due to growing risks like insider threats and software viruses, among others. Another significant issue that may have hampered market share in recent years is a lack of IT professionals.
According to the FMI report, the market for edge AI stood at the valuation of US$ 5,009.0 Mn, capturing a CAGR of 19.0% in the historical period of 2021. However, the market is likely to be valued at US$ 39,618.3 Mn with a CAGR of 20.8% during the forecast period.
The current market is growing at a high pace securing a higher share during the forecast period. The market is likely to boost higher as compared to its historic size due to advanced AI technologies during the foreseen time. The rising telecommunication sector, along with the IT sector flourishing the market at another height, are increasing the market size in the forecast period.
The innovations of devices in the last decade are expected to surge the market opportunities during the forecast period. On the other hand, apart from the advanced technologies in the historical period, the market was capturing a better share, as per FMI experts.
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https://futuremarketblog.blogspot.com/2022/12/north-america-and-europe-retail.html
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