Edge Computing Market - Global Opportunity Analysis and Industry Forecast (2023-2030)
Meticulous Research®, a prominent international market research firm, published a research report titled , ‘ Edge Computing Market by Component (Hardware, Platform, Services), Application (Smart Cities, Industrial IoT, AR/VR, Others), End-use Industry (Energy & Utilities, Manufacturing, Retail, Others), and Geography - Global Forecast to 2030.’ As per the recent report by Meticulous Research®, the global edge computing market is expected to hit $122.7 billion by 2030 , with a compound annual growth rate (CAGR) of 37.1% throughout the forecast period. The surge in the edge computing market is linked to heightened pressure on cloud infrastructure, expanding usage of Industrial IoT solutions, and the escalating need for swift processing and real-time automated decision-making solutions. Nevertheless, the market's growth faces a hindrance due to the substantial capital investment necessary for infrastructure development. Furthermore, the rise of autonomous vehicles and ...