Edge AI Software Market worth $1,835 million by 2026 – Report by MarketsandMarkets™

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Chicago, June 23, 2022 (GLOBE NEWSWIRE) — According to a new market research report “Edge AI Software Market by Component (Solutions and Services), Data Source, Application (Autonomous Vehicles, Access Management, Video Surveillance, Remote Monitoring and Predictive Maintenance, and Telemetry), Vertical, and Region – Global Forecast to 2026″, size to grow from USD 590 million in 2020 to USD 1,835 million by 2026, at a Compound Annual Growth Rate (CAGR) of 20.8% during the forecast period. Various factors such as increasing enterprise workloads on the cloud and rapid growth in the number of intelligent applications are expected to drive the adoption of the edge AI solutions and services. Additionally, emergence of the 5G network to bring IT and telecom together to offer opportunities to the end users to implement edge AI software for better performance.

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