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The global edge AI software market achieved a market value of USD 1,459.8 Million in 2021 and is predicted to reach USD 8,049.8 Million by 2027. The market is set to register a remarkable Compound Annual Growth Rate (CAGR) of 35.9% during the forecast period. Edge AI involves deploying artificial intelligence applications in physical devices across the world. Factors fueling market growth include advancements in AI-powered IoT within smart applications and the adoption of edge AI software in the 5G network industry. Challenges related to data privacy compliance standards, as well as limitations in processing complex AI and machine learning algorithms, pose constraints to market growth.
