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Global Edge Computing Market Size

Global Edge Computing Market size was valued at USD 10.60 billion in 2021 and is poised to grow from USD 11.25 billion in 2022 to USD 102.37 billion by 2030, growing at a CAGR of 37.09% in the forecast period (2023-2030).

Swetachakraborty
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Global Edge Computing Market Size

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  1. Global Edge Computing Market Size, Share, Growth Analysis, By Type By End-User- Industry Forecast 2023- 2030 Global Edge Computing Market size was valued at USD 10.60 billion in 2021 and is poised to grow from USD 11.25 billion in 2022 to USD 102.37 billion by 2030, growing at a CAGR of 37.09% in the forecast period (2023-2030). Global Edge Computing market is poised for significant growth, driven by the increasing demand for real-time data processing, the adoption of 5G technology, and the proliferation of IoT devices. As organizations recognize the benefits of edge computing in terms of reduced latency, improved efficiency, and enhanced user experiences, the market is expected to witness continued expansion in the foreseeable future. The exponential increase in data generation from various sources, including IoT devices, autonomous vehicles, and smart grids, has created a need for efficient data processing at the edge. Edge computing provides real- time analytics and actionable insights by processing data locally, reducing the burden on cloud infrastructure and

  2. network bandwidth. Moreover, the rising adoption of 5G networks is expected to further propel the global market. 5G technology enables ultra-low latency and high bandwidth, making it ideal for edge computing applications. This combination performance of latency-sensitive applications such as autonomous vehicles, industrial automation, and remote healthcare. enhances the Furthermore, the growing demand for autonomous and connected devices is driving the deployment of edge computing solutions. Edge computing enables devices to make faster decisions and respond swiftly to real-time events, which is crucial for applications like self-driving cars, smart cities, and industrial IoT. However, the edge computing market faces certain challenges as well. Ensuring data privacy and security at the edge is a crucial concern, as decentralized computing can potentially expose data to various vulnerabilities. In addition, the deployment and management of edge computing infrastructure across geographically locations can be complex and require robust network connectivity. distributed

  3. Global Edge Computing Market Segmental Analysis The Global Edge Computing market is segmented by type, end-user, and region. Based on type, the market can be segmented into hardware and software. Based on end-user, the market is segmented into manufacturing and healthcare. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. View-More https://www.skyquestt.com/report/edge- computing-market

  4. Edge Computing Market Top Player’s Company Profiles •Amazon Web Services (US) •Cisco Systems, Inc. (US) •Dell Technologies, Inc. (US) •Fujitsu Ltd. (Japan) •General Electric Company (US) •Hewlett Packard Enterprise Company (US) •Huawei Technologies Co., Ltd. (China) •IBM Corporation (US) •Intel Corporation (US) •Juniper Networks, Inc. (US) •Microsoft Corporation (US) •Nokia Corporation (Finland) •NXP Semiconductors N.V. (Netherlands) •Oracle Corporation (US) •SAP SE (Germany) •Schneider Electric SE (France) •Siemens AG (Germany) •Tencent Holdings Limited (China) •Verizon Communications Inc. (US) •Vodafone Group Plc (UK)

  5. About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com LinkedIn Facebook Twitter

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