Edge AI Chipset Market Rising Awareness Highlighting The Benefits Of To Drive The 2021-2031

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Edge AI Chipset Market - Introduction

  • Edge AI chipset eliminates the need for transferring bulk data to various data centers or cloud stations. Edge-based AI chipset consumes less power and generates lesser heat in order to be compatible with smartphones and robots.
  • Edge AI chipsets offer several benefits in terms of privacy, speed, and data security through processor-enabled machine learning. The edge AI chipset is utilized to run edge AI-based applications, primarily for computing image/video, sound, and voice natural language processing. Demand for edge AI chipset is increasing owing to a rise in focus on data privacy, cybersecurity and low latency

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Global Edge AI Chipset Market: Dynamics

Global Edge AI Chipset Market: Key Drivers

  • Increase in data due to the use of social media platforms and e-commerce platforms is fueling the need for qualitative processors to handle machine learning tasks. This increase in demand for processors is projected to propel the edge AI chipset market in the next few years.
  • Penetration of AI algorithms for machine learning tasks in smartphones, automobiles, and robots further drives the edge AI chipset market
  • Demand for the edge AI chipset is also estimated to rise due to the capacity of minimizing the need for data transmission to the cloud stations of edge artificial intelligence chips
  • High implementation cost of processors is expected to hinder the edge AI chipset market during the forecast period.
  • Increase in adoption of data privacy and security systems in the market offers significant opportunities for the edge AI chipset market

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Impact of COVID-19 on Global Edge AI Chipset Market

  • The COVID-19 has disrupted every sector of business and government across the globe. It is the first time when employees are working from home for longer periods of time, which has led to an increase in network traffic.
  • High integration of AI algorithm in smartphones and robots and the minimal impact of COVID-19 on connectivity technologies such as, 5G, Wi-Fi 6, and autonomous solutions fuel the edge AI chipset market. The COVID-19 situation has positively impacted the edge AI chipset market.

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North America to Hold Major Share of Global Edge AI Chipset Market

  • In terms of region, the global edge AI chipset market can be divided into North America, Europe, Asia Pacific, Middle East Africa, and South America
  • North America is expected to hold a major share of the global edge AI chipset market. High number of AI vendors present in the U.S. and Canada boosts the demand for edge AI chipset in the region.
  • Increase in use of IoT devices and high network congestion are key factors that fuel the edge AI chipset market in North America
  • High rate of adoption of AI processor based systems in India and China further propels the demand for edge AI chipset in Asia Pacific
  • Increasing investments by IT companies to adopt AI algorithm for technological developments in Middle East Africa drives the edge AI chipset market in the region

 

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