Edge Computing Market: Key Drivers, Challenges, and Future Prospects

Jakson25820 Nov, 2024Technology

The Edge computing market size is expected to grow from USD 60.0 billion in 2024 to USD 110.6 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.0% during the forecast period. As the Internet of Things (IoT) gains wider acceptance, numerous sectors are embracing this technology to harness real-time data for improved decision-making. While the influence of IoT is widely acknowledged in fields like retail and healthcare, it is now significantly transforming industries requiring innovation, including manufacturing, transportation & logistics, energy & utilities, food and beverage, and waste management.