As a result, financing and research to keep organizations safe and secure across the value chain has expanded. The healthcare sector is projected to have a significant beneficial influence, as companies realize the value of edge AI in combatting the virus's effects. Despite the fact that the technology is not new, research indicates that there will be numerous ways for the healthcare sector to incorporate edge IoT and Edge AI into their daily operations in the coming years. Many hospitals and pharmaceutical companies have begun to embrace edge AI. The transition from computers to the cloud to the edge has proven to be quite beneficial to the healthcare industry. Organizations all over the world are implementing appropriate measures to limit pandemic risks, such as remote working capabilities, remote asset maintenance & monitoring, plant automation, and tele-health. Organizations are attempting to restructure their supply chains in order to create a safe working environment.
The new coronavirus has an impact on every organization. COVID-19 Impact on Edge AI Processor MarketĬOVID-19's impact on businesses is redefining business models. Rising demand and adoption of artificial intelligence products and services are creating lucrative growth opportunities in the edge AI processor market. Deep learning AI workloads are optimized with AI chips. AI processors are specialized chips that combine artificial intelligence (AI) and machine learning to make mobile devices smart enough to mimic the human brain. Locally, AI algorithms are processed, either on the device itself or on a server nearby.
Edge AI Processor OverviewĮdge AI is a hybrid of artificial intelligence and edge computing.
Lack of skilled professional can hinder the growth of the market.Īccording to the regional analysis of the market, the Asia-Pacific edge AI processor market is anticipated to grow at a CAGR of 17.3, by generating a revenue of $2603.3 million during the review period. The market for edge AI processor is primarily driven by technical advancements, acquisitions, and collaborations. The global edge AI processor market is anticipated to garner $8,059.7 million in the 2021–2028 timeframe, growing from $2,400.0 million in 2020, at a healthy CAGR 16.5%.