Edge Computing Market Size to Surpass USD 241.8 Billion at a CAGR of 35.1% by 2032, Share, Growth, Demand, Challenges, and Competitive Outlook
The edge computing market, valued at USD 12.0 Billion in 2022, is projected to surge to USD 241.8 billion by 2032, showcasing a remarkable compound annual growth rate (CAGR) of 35.1%.
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Representing a dynamic and swiftly evolving segment within the broader information technology domain, edge computing fundamentally involves processing data in proximity to its source. Unlike traditional reliance on centralized data centers, edge computing emphasizes data processing at or near the network's "edge," where data originates. This strategy facilitates expedited data processing, diminished latency, and optimized network bandwidth utilization.
