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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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
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.
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.