Global Edge Computing Market Outlook: Technological Innovations from 2023 to 2032

Submitted by krutikad on Sat, 03/23/2024 - 02:06

The edge computing market, valued at USD 12.0 billion in 2022, is forecasted to reach USD 241.8 billion by 2032, exhibiting a remarkable CAGR of 35.1%. It represents a dynamic and swiftly advancing segment within the broader domain of information technology.

At its essence, edge computing entails processing data in proximity to its origin, often at or near the network's periphery, where data is generated. This departure from reliance solely on centralized data centers facilitates expedited data processing, diminished latency, and optimized utilization of network bandwidth.

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