Edge Computing Market to Grow at 23.7% CAGR Through 2031 Driven by AI, IoT, and Smart Infrastructure Trends
Growing Integration of AI, IoT, and 5G Fuels Demand for Edge Computing Solutions Across Industries
The Insight Partners has released a comprehensive market research report titled “Edge Computing Market Size and Forecast (2021-2031)”, revealing that the global edge computing market is projected to grow from USD 49.62 billion in 2023 to USD 272.27 billion by 2031, at a remarkable CAGR of 23.7%. The market is witnessing robust growth fueled by the rapid adoption of Internet of Things (IoT), Artificial Intelligence (AI), and 5G technologies, coupled with the increasing need for low-latency processing.
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Key Highlights of the Edge Computing Market Report:-
• Forecast Period: 2024-2031
• Historical Data: 2021-2022
• Base Year: 2023
• Market Size (2023): USD 49.62 Billion
• Forecast (2031): USD 272.27 Billion
• CAGR: 23.7%
Segment Coverage:-
• By Component: Hardware, Software, Services
• By Organization Size: SMEs and Large Enterprises
• By Application: Smart Cities, IIoT, Content Delivery, AR/VR
• By Industry: Manufacturing, IT & Telecom, Healthcare, Retail, and More
• By Geography: North America, Europe, Asia Pacific, MEA, Latin America
Market Drivers:-
• Rising demand for low-latency applications and real-time processing
• Increased use of connected devices and the Industrial Internet of Things (IIoT)
• Growing need for decentralized computing and edge AI
Industry Applications:-
Edge computing is transforming multiple industries by enabling smart cities, autonomous vehicles, connected healthcare systems, and intelligent manufacturing with real-time data processing at the edge of networks.
Key Market Players:-
ADLINK Technology, Amazon Web Services, Dell Technologies, IBM, Microsoft, Hewlett Packard Enterprise, EdgeConnex, FogHorn Systems, and more.
Country-Level Analysis Available For:-
United States, Canada, China, Germany, Japan, South Korea, United Kingdom, UAE, and others.
Contact Us
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com
About The Insight Partners
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialists in industries such as technology, media, food & beverages, chemicals & materials, and telecommunication.
This release was published on openPR.
