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The global Edge AI Software market held a market value of USD 1,300.0 Million in 2020 and is forecasted to reach USD 8,049.8 Million by the year 2027. The market is expected to register a CAGR of 29.8% during the forecast period. Edge AI Software is a combination of edge computing and artificial intelligence, and is estimated to be driven by advancements in AI powered IoT (Internet of Things) for intelligent systems and smart applications. Despite the driving factors, security and privacy concerns coupled with vulnerability to cyber attacks are expected to hinder the market growth.
