Edge Computing Market Size to Reach $132.11 Billion, Globally, by 2028 at 21.6% CAGR with Smart Cities Segment Driving Growth During 2022–2028 | The Insight Partners
The leading companies in the edge computing market includes ADLINK Technology; Amazon Web Services, Inc.; Dell Technologies; EdgeConnex Inc.; FogHorn Systems; International Business Machine Corporation; Litmus Corporation; Microsoft Corporation; The Hewlett Packard Enterprise Company; and Vapor IO, Inc. In January 2022, Verizon and Amazon Web Services (AWS) announced the expansion of their 5G mobile edge-computing solutions to 19 metro areas in the US. In February 2022, Amazon Web Services (AWS) and VMware collaborated to offer 5G and edge computing solutions in the US.
August 01, 2023 07:20 ET| Source: The Insight PartnersFollow
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Pune, India, Aug. 01, 2023 (GLOBE NEWSWIRE) -- According to our latest study on “Edge Computing Market Size Report, Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Organization Size, Application, and Industry,” the edge computing market is expected to grow from $40.84 billion in 2022 to $132.11 billion by 2028; the market is estimated to grow at a CAGR of 21.6% from 2022 to 2028. The increase in adoption of IoT across industries and extremely low latency and high availability of bandwidth is anticipated to fuel the growth of the market in the coming years.