Edge Computing Market is expected to grow at a compound annual growth rate (CAGR) of 36.9% from 2024 to 2030.
The global edge computing market size is expected to reach USD 155.90 billion by 2030, and is expected to expand at 36.9% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. Artificial Intelligence (AI) integration into the edge environment is projected to drive market growth. An edge AI system is estimated to help businesses make decisions in real time in milliseconds. The need to minimize privacy concerns associated while transmitting large amounts of data, as well as latency and bandwidth issues that limit an organization's data transmission capabilities, are factors projected to fuel market growth in the coming years. Machinery control and precision monitoring are a few use cases that are well-suited for AI on the edge. The latency requirement for a fast-running production line must be maintained to a bare minimum, which can be accomplished by using edge computing. Bringing data processing closer to the manufacturing fac...