Description
The global edge computing market is valued at USD 5.18 billion in 2021 and is projected to reach USD 66.58 billion by 2028, growing at a CAGR of 32.8% during the forecast period, 2022-2028. With the continued growth of the Internet of Things (IoT) and related devices, Market participants are integrating edge computing solutions with IoT-enabled devices to advance internet connectivity to send and receive data to and from the cloud. The growing adoption of a hardware component in the various industrial verticals is the key factor driving the market growth. Furthermore, with the growing number of IoT integrated devices and the emergence of 5G in the region. with the rapid growth of mobile services and the rising operating cost pressure, the telecom industry is expected to drive the global edge computing market growth.
