Edge Computing Market Size, Share, Trends, Analysis 2024-2032

Imracrahul20 Aug, 2024Business

The global edge computing market size reached US$ 14.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 90.3 Billion by 2032, exhibiting a growth rate (CAGR) of 24.35% during 2024-2032. The increasing demand for low-latency computing, the rising utilization of advanced technologies, the growing use of data-intensive applications in numerous end-use industries, and the escalating concerns regarding security and compliance risks associated with storing sensitive data in centralized data centers are some of the factors propelling the market.