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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...

Edge Computing Market size is expected to reach USD 155.90 billion by 2030

  Edge Computing   Industry Overview The global edge computing market size was valued at USD 16.45 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 36.9% from 2024 to 2030. Edge computing adds a layer of complexity to organizations by enabling a diverse set of stakeholders to maintain IT infrastructures, networking, software development, traffic distribution, and service management. Edge also combines software, hardware solutions, and networking architecture to cover various use cases in several businesses. Edge computing is currently in its early phases of development. Its deployment and operating models have yet to evolve; nonetheless, edge computing is expected to offer significant growth prospects for new entrants soon. Businesses use possibilities to respond to the present situation by providing new services. The telecommunications industry is making rapid progress in video conferencing software like Mic...

Edge Computing Market size is expected to reach USD 155.90 billion by 2030

  Edge Computing Industry Overview The global edge computing market size was valued at USD 16.45 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 36.9% from 2024 to 2030.  Edge computing adds a layer of complexity to organizations by enabling a diverse set of stakeholders to maintain IT infrastructures, networking, software development, traffic distribution, and service management. Edge also combines software, hardware solutions, and networking architecture to cover various use cases in several businesses. Edge computing is currently in its early phases of development. Its deployment and operating models have yet to evolve; nonetheless, edge computing is expected to offer significant growth prospects for new entrants soon. Gather more insights about the market drivers, restrains and growth of the   Edge Computing Market The COVID-19 outbreak has boosted the use of data centers and edge computing. Moreover, as more of t...